Donaldson Company, Inc. $DCI Holdings Lifted by Diversified Management Inc.

Key Points

• Diversified Management Inc. increased its Donaldson holdings by 474.6% in the third quarter to 18,922 shares valued at approximately $1.65 million. Institutional investors collectively own 82.81% of DCI’s outstanding stock.
• Donaldson exceeded quarterly expectations, reporting $1.15 in earnings per share and $1.06 billion in revenue, with revenue up 8% year over year.
• The company pays a quarterly dividend of $0.32 per share, equal to a 1.5% yield, while analysts maintain a “Moderate Buy” consensus with an average price target of $101.67.

Diversified Management Inc. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 474.6% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,922 shares of the industrial products company's stock after buying an additional 15,629 shares during the period. Diversified Management Inc.'s holdings in Donaldson were worth $1,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DCI. Allworth Financial LP acquired a new position in shares of Donaldson in the 2nd quarter valued at about $29,000. Trust Co. of Vermont acquired a new stake in shares of Donaldson during the second quarter worth approximately $31,000. Sachetta LLC acquired a new stake in shares of Donaldson during the first quarter worth approximately $65,000. Northwestern Mutual Wealth Management Co. purchased a new position in Donaldson during the second quarter valued at approximately $83,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Donaldson during the fourth quarter valued at approximately $104,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Down 0.2%

DCI opened at $87.13 on Friday. The business has a 50 day moving average of $91.15 and a 200-day moving average of $88.46. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 22.63, a P/E/G ratio of 2.01 and a beta of 0.87. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a 1-year low of $79.42 and a 1-year high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The business's revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.03 EPS. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 4.33 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. Donaldson's dividend payout ratio (DPR) is 33.25%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DCI. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research note on Friday, August 28th. Robert W. Baird upped their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Weiss Ratings upgraded Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Morgan Stanley lifted their price objective on Donaldson from $91.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 29th. Finally, Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, September 19th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Donaldson currently has an average rating of "Moderate Buy" and an average target price of $101.67.

Donaldson Company Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and related products. Founded in 1915 by Frank Donaldson, the company develops solutions that help protect engines, equipment, industrial processes and the environment from airborne and liquid contaminants.

Donaldson serves the engine and industrial markets. Its products include air and liquid filters, exhaust and emissions systems, hydraulic and fuel filtration products, dust and fume collectors, compressed-air and gas filtration systems, and filtration solutions for manufacturing, energy, transportation, agriculture, construction and other applications.

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