Johnson Investment Counsel Inc. Boosts Holdings in Donaldson Company, Inc. (NYSE:DCI)

Johnson Investment Counsel Inc. lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 24.5% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 44,411 shares of the industrial products company's stock after purchasing an additional 8,741 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Donaldson were worth $2,978,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. IFP Advisors Inc increased its holdings in shares of Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock worth $185,000 after purchasing an additional 1,334 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Donaldson by 2.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock worth $25,478,000 after purchasing an additional 7,663 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Donaldson in the first quarter worth about $912,000. JPMorgan Chase & Co. increased its holdings in shares of Donaldson by 7.1% in the fourth quarter. JPMorgan Chase & Co. now owns 470,602 shares of the industrial products company's stock worth $31,695,000 after purchasing an additional 31,064 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of Donaldson by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock worth $38,669,000 after purchasing an additional 158,487 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Robert W. Baird lifted their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Morgan Stanley restated an "underweight" rating and set a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Wall Street Zen lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus dropped their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $70.00.

Donaldson Stock Up 1.4%

NYSE:DCI traded up $0.98 during trading hours on Monday, reaching $69.12. The company's stock had a trading volume of 476,037 shares, compared to its average volume of 563,145. The company has a market capitalization of $8.05 billion, a P/E ratio of 23.19, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The stock has a 50 day moving average price of $67.80 and a two-hundred day moving average price of $68.23.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $940.10 million during 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%. Donaldson's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.92 earnings per share. Equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.74%. Donaldson's dividend payout ratio is presently 40.27%.

Insider Transactions at Donaldson

In other news, Director James Owens sold 18,700 shares of the business's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the sale, the director now directly owns 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.70% of the company's stock.

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.