Seizert Capital Partners LLC Makes New $3.91 Million Investment in Donaldson Company, Inc. (NYSE:DCI)

Key Points

• Seizert Capital Partners LLC has invested approximately $3.91 million in Donaldson Company, acquiring 58,350 shares of its stock during the first quarter.
• Donaldson Company reported an EPS of $0.99 for the last quarter, exceeding the expected $0.95, with a year-over-year revenue increase of 1.3%.
• The company is set to distribute a quarterly dividend of $0.30 per share on August 27th, resulting in an annualized dividend yield of 1.66%.

Seizert Capital Partners LLC bought a new stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 58,350 shares of the industrial products company's stock, valued at approximately $3,913,000.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new stake in Donaldson in the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new stake in Donaldson in the first quarter worth about $29,000. Johnson Financial Group Inc. lifted its holdings in Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after buying an additional 195 shares during the period. Wood Tarver Financial Group LLC bought a new position in shares of Donaldson during the fourth quarter valued at approximately $42,000. Finally, CX Institutional bought a new position in shares of Donaldson during the first quarter valued at approximately $53,000. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Performance

NYSE:DCI traded down $1.10 during trading hours on Friday, reaching $70.87. The company had a trading volume of 527,117 shares, compared to its average volume of 489,260. 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 Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The firm has a market cap of $8.26 billion, a price-to-earnings ratio of 23.78, a PEG ratio of 1.87 and a beta of 0.99. The firm's 50 day moving average price is $70.15 and its 200-day moving average price is $68.61.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results 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. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The business had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. During the same quarter in the previous year, the firm posted $0.92 EPS. The firm's revenue was up 1.3% on a year-over-year basis. On average, analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be paid a $0.30 dividend. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.7%. Donaldson's payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Stifel Nicolaus decreased 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. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Robert W. Baird boosted their price objective on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley restated an "underweight" rating and issued a $69.00 price objective (up from $65.00) on shares of Donaldson in a report on Friday, June 6th.

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.