TD Asset Management Inc Has $82.39 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Key Points

• TD Asset Management Inc has reduced its stake in Donaldson Company, Inc. by 11.6%, selling 161,490 shares, and now owns 1.03% of the company, valued at $82.39 million.
• Donaldson reported earnings of $0.99 per share for the most recent quarter, exceeding expectations and reflecting a 1.3% year-over-year revenue increase.
• The company declared a quarterly dividend of $0.30, with an annual yield of 1.67% and a payout ratio of 40.27%.

TD Asset Management Inc lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 11.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,228,575 shares of the industrial products company's stock after selling 161,490 shares during the quarter. TD Asset Management Inc owned 1.03% of Donaldson worth $82,388,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. LPL Financial LLC lifted its stake in Donaldson by 2.2% in the fourth quarter. LPL Financial LLC now owns 67,805 shares of the industrial products company's stock valued at $4,567,000 after buying an additional 1,473 shares in the last quarter. Vanguard Group Inc. lifted its stake in Donaldson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after buying an additional 33,139 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in Donaldson by 6.1% in the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 48,085 shares of the industrial products company's stock valued at $3,239,000 after buying an additional 2,781 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Donaldson by 7.1% in the fourth quarter. JPMorgan Chase & Co. now owns 470,602 shares of the industrial products company's stock valued at $31,695,000 after buying an additional 31,064 shares in the last quarter. Finally, NEOS Investment Management LLC bought a new stake in shares of Donaldson in the fourth quarter worth $324,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Morgan Stanley reissued 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. Stifel Nicolaus cut their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Robert W. Baird boosted their price objective 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 Stock Up 0.3%

DCI traded up $0.22 during trading on Thursday, reaching $72.26. 139,958 shares of the stock were exchanged, compared to its average volume of 584,184. The stock has a market cap of $8.42 billion, a P/E ratio of 24.23, a price-to-earnings-growth ratio of 1.87 and a beta of 0.98. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The stock's 50 day moving average price is $70.03 and its two-hundred day moving average price is $68.56. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping 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 firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. Equities analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.66%. Donaldson's payout ratio is 40.27%.

About Donaldson

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.