DekaBank Deutsche Girozentrale Increases Position in Donaldson Company, Inc. (NYSE:DCI)

DekaBank Deutsche Girozentrale raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 3.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 161,879 shares of the industrial products company's stock after acquiring an additional 5,455 shares during the period. DekaBank Deutsche Girozentrale owned about 0.14% of Donaldson worth $10,754,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Impax Asset Management Group plc grew its holdings in shares of Donaldson by 27.5% during the 1st quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company's stock valued at $58,130,000 after purchasing an additional 189,580 shares during the last quarter. OneDigital Investment Advisors LLC lifted its stake in shares of Donaldson by 22.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company's stock valued at $248,000 after acquiring an additional 680 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Donaldson by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock worth $25,478,000 after acquiring an additional 7,663 shares during the last quarter. GAMMA Investing LLC increased its stake in Donaldson by 162.5% in the 1st quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock worth $163,000 after purchasing an additional 1,503 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in Donaldson by 78.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company's stock valued at $372,000 after purchasing an additional 2,435 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DCI. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Morgan Stanley restated an "underweight" rating and issued a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Robert W. Baird increased their target price on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus reduced 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.

Donaldson Trading Down 0.5%

Donaldson stock traded down $0.34 during mid-day trading on Monday, reaching $70.22. 510,524 shares of the company traded hands, compared to its average volume of 565,075. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95. The firm has a market capitalization of $8.18 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.83 and a beta of 0.98. The firm's 50 day moving average price is $69.48 and its 200 day moving average price is $68.26.

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

Donaldson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.30 dividend. This is an increase from Donaldson's previous quarterly dividend of $0.27. 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 1.71%. Donaldson's dividend payout ratio is 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.