New Age Alpha Advisors LLC Has $929,000 Holdings in Donaldson Company, Inc. (NYSE:DCI)

Key Points

• New Age Alpha Advisors LLC reduced its stake in Donaldson Company, Inc. by 23.2%, owning 13,856 shares worth $929,000 after selling 4,192 shares in the first quarter.
• Donaldson reported a quarterly EPS of $0.99, beating analysts' estimates, and had a revenue of $940.10 million for the quarter, which was up 1.3% year-over-year.
• The company announced a quarterly dividend of $0.30 per share, representing an annualized dividend of $1.20 and a yield of 1.7%, with the ex-dividend date set for August 12th.

New Age Alpha Advisors LLC lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 23.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,856 shares of the industrial products company's stock after selling 4,192 shares during the quarter. New Age Alpha Advisors LLC's holdings in Donaldson were worth $929,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Impax Asset Management Group plc raised its holdings in Donaldson by 27.5% in the 1st quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company's stock valued at $58,130,000 after acquiring an additional 189,580 shares in the last quarter. OneDigital Investment Advisors LLC raised its holdings in shares of Donaldson by 22.5% in the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company's stock worth $248,000 after buying an additional 680 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Donaldson by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock worth $25,478,000 after buying an additional 7,663 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Donaldson by 162.5% in the 1st quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock worth $163,000 after buying an additional 1,503 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Donaldson by 78.0% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company's stock worth $372,000 after buying an additional 2,435 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Trading Up 2.4%

DCI traded up $1.70 during mid-day trading on Tuesday, reaching $73.78. The stock had a trading volume of 436,154 shares, compared to its average volume of 579,714. The stock has a market capitalization of $8.60 billion, a P/E ratio of 24.76, a P/E/G ratio of 1.76 and a beta of 0.99. 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 firm's fifty day simple moving average is $70.48 and its two-hundred day simple moving average is $68.62. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating analysts' consensus estimates 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 quarterly revenue was up 1.3% compared to the same quarter last year. During the same period last year, the company earned $0.92 EPS. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Donaldson's dividend payout ratio is 40.27%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Morgan Stanley reissued an "underweight" rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. Stifel Nicolaus decreased their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Robert W. Baird increased 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.

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.