Donaldson Company, Inc. (NYSE:DCI) Position Raised by GW&K Investment Management LLC

GW&K Investment Management LLC grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 213,631 shares of the industrial products company's stock after purchasing an additional 4,205 shares during the quarter. GW&K Investment Management LLC owned approximately 0.18% of Donaldson worth $14,326,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Colonial Trust Co SC acquired a new stake in Donaldson in the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new stake in Donaldson in the 1st quarter valued at $29,000. Johnson Financial Group Inc. increased its holdings in Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new stake in Donaldson in the 4th quarter valued at $42,000. Finally, CX Institutional acquired a new stake in Donaldson in the 1st quarter valued at $53,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on DCI. Morgan Stanley restated an "underweight" rating and set a $69.00 target price (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Stifel Nicolaus lowered their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Finally, Robert W. Baird raised their target price on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th.

Donaldson Stock Down 0.5%

NYSE:DCI traded down $0.36 during mid-day trading on Thursday, reaching $71.30. The stock had a trading volume of 339,959 shares, compared to its average volume of 588,279. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The stock's 50 day simple moving average is $69.84 and its two-hundred day simple moving average is $68.39. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The company has a market capitalization of $8.31 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million for the quarter, compared to analysts' expectations of $936.02 million. During the same quarter last year, the company posted $0.92 earnings per share. Donaldson's revenue was up 1.3% on a year-over-year basis. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date was Monday, June 16th. This is a boost from Donaldson's previous quarterly dividend of $0.27. Donaldson's payout ratio is 40.27%.

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.