Impax Asset Management Group plc Increases Holdings in Donaldson Company, Inc. (NYSE:DCI)

Impax Asset Management Group plc boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 27.5% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 878,632 shares of the industrial products company's stock after acquiring an additional 189,580 shares during the quarter. Impax Asset Management Group plc owned about 0.74% of Donaldson worth $58,130,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DCI. Proficio Capital Partners LLC purchased a new position in shares of Donaldson during the 4th quarter valued at about $1,311,000. Smartleaf Asset Management LLC raised its stake in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after buying an additional 180 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Donaldson by 84.4% during the 4th quarter. Jones Financial Companies Lllp now owns 13,786 shares of the industrial products company's stock valued at $928,000 after buying an additional 6,308 shares during the last quarter. Atria Investments Inc raised its stake in shares of Donaldson by 49.7% during the 4th quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company's stock valued at $938,000 after buying an additional 4,625 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in shares of Donaldson during the 4th quarter valued at about $13,865,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insider Activity

In other news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director directly owned 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Stifel Nicolaus reduced their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Morgan Stanley reiterated an "underweight" rating and set a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Robert W. Baird lifted their price target on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday.

Donaldson Price Performance

Shares of Donaldson stock traded up $0.10 on Friday, hitting $71.26. The company's stock had a trading volume of 395,314 shares, compared to its average volume of 560,839. 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 Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The firm has a fifty day moving average price of $69.01 and a 200-day moving average price of $68.16. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 23.91, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98.

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 for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The firm had revenue of $940.10 million during the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the previous year, the business earned $0.92 EPS. Donaldson's revenue for the quarter was up 1.3% compared to the same quarter last year. As a group, sell-side 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 declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.30 dividend. The ex-dividend date of this dividend was Monday, June 16th. This is a positive change from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. Donaldson's payout ratio is currently 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.