SG Americas Securities LLC Acquires Shares of 13,594 Donaldson Company, Inc. (NYSE:DCI)

SG Americas Securities LLC bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 13,594 shares of the industrial products company's stock, valued at approximately $912,000.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in Donaldson by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after purchasing an additional 33,139 shares in the last quarter. FMR LLC grew its stake in shares of Donaldson by 6.2% in the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock valued at $269,014,000 after buying an additional 231,424 shares during the period. Geode Capital Management LLC grew its stake in shares of Donaldson by 2.9% in the 4th quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock valued at $169,804,000 after buying an additional 71,707 shares during the period. Fiduciary Management Inc. WI increased its position in Donaldson by 19.9% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after buying an additional 367,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in 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 buying an additional 129,189 shares during the period. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Down 0.5%

Shares of Donaldson stock traded down $0.37 on Friday, hitting $68.06. The company had a trading volume of 970,586 shares, compared to its average volume of 563,492. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. 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 stock has a 50 day moving average of $67.69 and a 200-day moving average of $68.29. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 22.84, a P/E/G ratio of 1.77 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $936.02 million. During the same quarter in the prior year, the company posted $0.92 earnings per share. Donaldson's revenue was up 1.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued 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 annualized dividend and a dividend yield of 1.76%. Donaldson's dividend payout ratio is currently 40.27%.

Wall Street Analyst Weigh In

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

Insider Activity at Donaldson

In related news, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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.