SFE Investment Counsel Decreases Stake in Donaldson Company, Inc. (NYSE:DCI)

SFE Investment Counsel decreased its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 8.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 72,850 shares of the industrial products company's stock after selling 6,709 shares during the quarter. SFE Investment Counsel owned approximately 0.06% of Donaldson worth $4,885,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of DCI. Colonial Trust Co SC acquired a new position in shares of Donaldson during the fourth quarter worth $25,000. Cullen Frost Bankers Inc. purchased a new stake in Donaldson in the first quarter valued at $29,000. Johnson Financial Group Inc. boosted its stake in Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Donaldson during the fourth quarter worth about $42,000. Finally, CX Institutional acquired a new stake in shares of Donaldson during the first quarter worth about $53,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Performance

DCI stock traded up $0.56 during trading on Friday, hitting $71.83. The company had a trading volume of 530,507 shares, compared to its average volume of 495,446. The firm has a 50-day moving average price of $69.92 and a 200-day moving average price of $68.47. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The firm has a market cap of $8.37 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The business had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the previous year, the company posted $0.92 earnings per share. The company's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.67%. Donaldson's payout ratio is currently 40.27%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Stifel Nicolaus dropped their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Robert W. Baird lifted their target price on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th.

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.