Pallas Capital Advisors LLC Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Pallas Capital Advisors LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,525 shares of the industrial products company's stock, valued at approximately $438,000.

Several other hedge funds have also made changes to their positions in DCI. Kentucky Trust Co acquired a new position in Donaldson in the 4th quarter valued at approximately $105,000. Van ECK Associates Corp increased its stake in Donaldson by 27.6% in the 4th quarter. Van ECK Associates Corp now owns 161,060 shares of the industrial products company's stock valued at $10,848,000 after buying an additional 34,849 shares during the period. Naples Global Advisors LLC increased its stake in Donaldson by 100.6% in the 4th quarter. Naples Global Advisors LLC now owns 15,068 shares of the industrial products company's stock valued at $1,015,000 after buying an additional 7,556 shares during the period. Consolidated Planning Corp increased its stake in Donaldson by 52.9% in the 4th quarter. Consolidated Planning Corp now owns 7,275 shares of the industrial products company's stock valued at $490,000 after buying an additional 2,516 shares during the period. Finally, Sanctuary Advisors LLC increased its stake in Donaldson by 10.6% in the 4th quarter. Sanctuary Advisors LLC now owns 21,882 shares of the industrial products company's stock valued at $1,568,000 after buying an additional 2,095 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Stock Up 0.4%

Shares of Donaldson stock traded up $0.30 during midday trading on Monday, reaching $68.96. 493,254 shares of the company's stock traded hands, compared to its average volume of 562,288. The company has a market cap of $8.04 billion, a price-to-earnings ratio of 20.05, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. The company's 50 day simple moving average is $67.31 and its 200 day simple moving average is $68.42. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. 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 released its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same quarter last year, the firm earned $0.92 EPS. Donaldson's revenue for the quarter was up 1.3% on a year-over-year basis. Equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is 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 yield of 1.74%. Donaldson's dividend payout ratio (DPR) is presently 40.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on DCI shares. Wall Street Zen lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. Robert W. Baird upped their price objective 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. Stifel Nicolaus dropped their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Donaldson presently has a consensus rating of "Hold" and an average price target of $70.00.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director now directly owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by company insiders.

Donaldson Company 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.