Alps Advisors Inc. Raises Holdings in Donaldson Company, Inc. (NYSE:DCI)

Alps Advisors Inc. boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 5.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 260,151 shares of the industrial products company's stock after purchasing an additional 13,705 shares during the quarter. Alps Advisors Inc. owned approximately 0.22% of Donaldson worth $17,446,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in DCI. Colonial Trust Co SC acquired a new position in shares of Donaldson during the 4th quarter valued at about $25,000. Johnson Financial Group Inc. boosted its position in shares of Donaldson by 48.8% during the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after purchasing an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC bought a new position in Donaldson in the 4th quarter valued at about $42,000. CX Institutional purchased a new stake in Donaldson in the 1st quarter valued at about $53,000. Finally, UMB Bank n.a. increased its stake in shares of Donaldson by 220.0% during the 1st quarter. UMB Bank n.a. now owns 1,008 shares of the industrial products company's stock worth $68,000 after purchasing an additional 693 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Robert W. Baird boosted their price target on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus cut their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th.

Donaldson Trading Down 0.5%

NYSE:DCI traded down $0.34 on Monday, hitting $70.22. The stock had a trading volume of 510,824 shares, compared to its average volume of 565,075. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The stock has a market cap of $8.18 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 1.83 and a beta of 0.98. The company has a fifty day moving average price of $69.48 and a two-hundred day moving average price of $68.26. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 EPS. Equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a $0.30 dividend. This is a boost from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date was Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. Donaldson's dividend payout ratio is presently 40.27%.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.