Donaldson Company, Inc. (NYSE:DCI) Stock Holdings Lifted by Alps Advisors Inc.

Alps Advisors Inc. lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 5.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 260,151 shares of the industrial products company's stock after buying an additional 13,705 shares during the period. 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 hedge funds and other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC acquired a new stake in shares of Donaldson during the fourth quarter worth $25,000. Johnson Financial Group Inc. raised its position in shares of Donaldson by 48.8% during the fourth 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 during the period. Wood Tarver Financial Group LLC acquired a new stake in shares of Donaldson during the fourth quarter worth $42,000. CX Institutional acquired a new stake in shares of Donaldson during the first quarter worth $53,000. Finally, UMB Bank n.a. raised its position in shares of Donaldson by 220.0% during the first 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 period. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Down 1.5%

Shares of DCI stock traded down $1.09 on Friday, reaching $70.53. 584,704 shares of the company's stock traded hands, compared to its average volume of 565,293. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The company has a market capitalization of $8.22 billion, a P/E ratio of 23.67, a price-to-earnings-growth ratio of 1.83 and a beta of 0.98. The business's 50 day moving average price is $69.48 and its two-hundred day moving average price is $68.26.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. Donaldson's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. This is an increase from Donaldson's previous quarterly dividend of $0.27. Donaldson's payout ratio is 40.27%.

Analyst Ratings Changes

DCI has been the topic of a number of recent analyst reports. Morgan Stanley reaffirmed an "underweight" rating and set a $69.00 target price (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Robert W. Baird boosted their target price on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus lowered their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th.

Donaldson Company 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.