SkyOak Wealth LLC Acquires New Position in Donaldson Company, Inc. (NYSE:DCI)

SkyOak Wealth LLC purchased a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,631 shares of the industrial products company's stock, valued at approximately $243,000.

Several other large investors have also recently bought and sold shares of DCI. Colonial Trust Co SC bought a new position in shares of Donaldson in the fourth quarter worth approximately $25,000. Johnson Financial Group Inc. increased its position in shares of 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 purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC bought a new position in shares of Donaldson in the fourth quarter worth approximately $42,000. CX Institutional bought a new position in shares of Donaldson in the first quarter worth approximately $53,000. Finally, UMB Bank n.a. increased its position in shares of Donaldson by 220.0% in the first quarter. UMB Bank n.a. now owns 1,008 shares of the industrial products company's stock worth $68,000 after purchasing an additional 693 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DCI has been the topic of several research analyst reports. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Morgan Stanley reissued an "underweight" rating and set a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Robert W. Baird increased their price objective on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Stifel Nicolaus dropped 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.

Donaldson Trading Up 0.2%

Shares of NYSE:DCI traded up $0.13 during trading on Wednesday, reaching $69.95. 474,327 shares of the company traded hands, compared to its average volume of 565,764. The firm has a market capitalization of $8.15 billion, a price-to-earnings ratio of 23.47, a P/E/G ratio of 1.83 and a beta of 0.98. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The business's fifty day moving average is $69.63 and its 200-day moving average is $68.28.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data 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 return on equity of 28.86% and a net margin of 9.94%. The firm had revenue of $940.10 million during the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the prior year, the firm posted $0.92 earnings per share. The business's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.72%. This is an increase from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date was Monday, June 16th. Donaldson's dividend payout ratio is 40.27%.

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.