Johnson Investment Counsel Inc. Has $2.98 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its holdings in shares of Donaldson by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after acquiring an additional 33,139 shares in the last quarter. FMR LLC boosted its position in Donaldson by 6.2% during the fourth quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock valued at $269,014,000 after purchasing an additional 231,424 shares during the last quarter. Geode Capital Management LLC grew its stake in Donaldson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock valued at $169,804,000 after purchasing an additional 71,707 shares in the last quarter. Fiduciary Management Inc. WI increased its position in shares of Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock worth $148,795,000 after purchasing an additional 367,383 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Donaldson by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company's stock worth $108,804,000 after purchasing an additional 129,189 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the company's 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 transaction, the director now directly owns 20,246 shares of the company's stock, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.

Donaldson Stock Up 0.0%

DCI opened at $68.36 on Friday. The stock's fifty day simple moving average is $67.60 and its 200 day simple moving average is $68.36. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The stock has a market cap of $7.97 billion, a PE ratio of 22.94, a price-to-earnings-growth ratio of 1.78 and a beta of 0.99. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The company's revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.92 earnings per share. As a group, research 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 will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.30 dividend. This is an increase from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date of this dividend is Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. Donaldson's dividend 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.

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