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

Impax Asset Management Group plc lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 27.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 approximately 0.74% of Donaldson worth $58,130,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently made changes to their positions in DCI. Argent Trust Co grew its stake in Donaldson by 3.3% during the fourth quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock worth $319,000 after purchasing an additional 152 shares during the period. Smartleaf Asset Management LLC boosted its position in shares of Donaldson by 43.2% during the fourth 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. Johnson Financial Group Inc. boosted its position in shares of 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 last quarter. USA Financial Formulas boosted its position in shares of Donaldson by 21.7% during the first quarter. USA Financial Formulas now owns 1,269 shares of the industrial products company's stock valued at $85,000 after buying an additional 226 shares during the last quarter. Finally, Fifth Third Bancorp boosted its position in shares of Donaldson by 29.2% during the first quarter. Fifth Third Bancorp now owns 1,229 shares of the industrial products company's stock valued at $82,000 after buying an additional 278 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction 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 completion of the transaction, the director directly owned 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.70% of the company's stock.

Donaldson Stock Performance

Donaldson stock traded up $0.55 during mid-day trading on Tuesday, reaching $70.70. 526,871 shares of the company's stock were exchanged, compared to its average volume of 561,321. The business's fifty day simple moving average is $69.20 and its 200 day simple moving average is $68.19. The firm has a market capitalization of $8.24 billion, a PE ratio of 23.72, a P/E/G ratio of 1.82 and a beta of 0.98. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44.

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, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The business's revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.92 earnings per share. On average, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders 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 annualized dividend and a dividend 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.