Evergreen Capital Management LLC Boosts Stake in Donaldson Company, Inc. $DCI

Key Points

• Evergreen Capital Management boosted its stake in Donaldson by 390.4%, adding 12,644 shares to hold 15,883 shares worth $1.408 million, while institutional investors collectively own 82.81% of the company.
• Several brokerages have cut ratings and price targets, leaving a MarketBeat consensus of Hold with a $100.20 target on DCI.
• Donaldson recently missed quarterly estimates (EPS $0.83 vs. $0.90; revenue $896.3M vs. $898.6M), pays a $0.30 quarterly dividend (1.4% yield), and saw insider selling including a 13,753‑share sale by Director James Owens.

Evergreen Capital Management LLC grew its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 390.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 15,883 shares of the industrial products company's stock after acquiring an additional 12,644 shares during the period. Evergreen Capital Management LLC's holdings in Donaldson were worth $1,408,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. True Wealth Design LLC boosted its position in shares of Donaldson by 203.7% in the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company's stock worth $27,000 after purchasing an additional 218 shares in the last quarter. SJS Investment Consulting Inc. boosted its position in shares of Donaldson by 3,680.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company's stock worth $31,000 after purchasing an additional 368 shares in the last quarter. Eagle Bay Advisors LLC bought a new stake in shares of Donaldson in the 4th quarter worth approximately $45,000. Steph & Co. boosted its position in shares of Donaldson by 76.4% in the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company's stock worth $84,000 after purchasing an additional 409 shares in the last quarter. Finally, CENTRAL TRUST Co boosted its position in shares of Donaldson by 40.3% in the 3rd quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company's stock worth $84,000 after purchasing an additional 294 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DCI. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Robert W. Baird dropped their price target on Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a research report on Monday, March 30th. Weiss Ratings cut Donaldson from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Wednesday, April 15th. UBS Group set a $96.00 price target on Donaldson in a research report on Tuesday, February 24th. Finally, Morgan Stanley lowered their price objective on Donaldson from $93.00 to $91.00 and set an "equal weight" rating on the stock in a research report on Monday, March 9th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $100.20.

Donaldson Stock Performance

DCI stock opened at $87.95 on Friday. The stock has a market capitalization of $10.19 billion, a PE ratio of 27.48, a price-to-earnings-growth ratio of 2.17 and a beta of 1.05. Donaldson Company, Inc. has a 12-month low of $63.76 and a 12-month high of $112.84. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock's 50 day simple moving average is $91.26 and its 200 day simple moving average is $91.49.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.07). The business had revenue of $896.30 million during the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The business's revenue was up 3.0% compared to the same quarter last year. During the same period last year, the company posted $0.83 earnings per share. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.97 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were given a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.20 annualized dividend and a yield of 1.4%. Donaldson's dividend payout ratio is 37.50%.

Insider Transactions at Donaldson

In related news, Director James Owens sold 13,753 shares of the company's stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the transaction, the director directly owned 22,565 shares of the company's stock, valued at approximately $2,013,023.65. This represents a 37.87% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last quarter, insiders sold 19,800 shares of company stock valued at $1,765,184. Corporate insiders own 2.20% of the company's stock.

About Donaldson

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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