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

DekaBank Deutsche Girozentrale increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 3.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 161,879 shares of the industrial products company's stock after purchasing an additional 5,455 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.14% of Donaldson worth $10,754,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in DCI. Colonial Trust Co SC bought a new stake in Donaldson during the fourth quarter valued at approximately $25,000. Johnson Financial Group Inc. grew its position in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after buying an additional 195 shares during the period. Wood Tarver Financial Group LLC bought a new stake in Donaldson during the fourth quarter valued at approximately $42,000. CX Institutional bought a new stake in Donaldson during the first quarter valued at approximately $53,000. Finally, UMB Bank n.a. grew its position in Donaldson by 220.0% during the first quarter. UMB Bank n.a. now owns 1,008 shares of the industrial products company's stock valued at $68,000 after buying an additional 693 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Donaldson Trading Down 1.5%

DCI stock traded down $1.09 during mid-day trading on Friday, reaching $70.53. The company had a trading volume of 584,704 shares, compared to its average volume of 564,438. The company has a market capitalization of $8.22 billion, a PE ratio of 23.67, a price-to-earnings-growth ratio of 1.86 and a beta of 0.98. The firm has a 50 day moving average of $69.42 and a 200 day moving average of $68.24. 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 current ratio of 1.94 and a quick ratio of 1.24.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The business 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 company's revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.92 EPS. On average, equities analysts predict 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 a boost 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 1.70%. Donaldson's 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.