SkyOak Wealth LLC Acquires Shares of 3,631 Donaldson Company, Inc. (NYSE:DCI)

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

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Proficio Capital Partners LLC purchased a new stake in Donaldson during the 4th quarter valued at about $1,311,000. Raymond James Financial Inc. purchased a new stake in shares of Donaldson during the 4th quarter valued at about $13,865,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Donaldson by 8.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 27,791 shares of the industrial products company's stock valued at $1,872,000 after acquiring an additional 2,236 shares during the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Donaldson during the 4th quarter valued at about $331,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of Donaldson by 45.0% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company's stock valued at $77,000 after acquiring an additional 353 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Stifel Nicolaus lowered 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.

Donaldson Stock Performance

NYSE DCI traded down $1.09 on Friday, reaching $70.53. 584,704 shares of the stock were exchanged, compared to its average volume of 565,293. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The firm has a market capitalization of $8.22 billion, a PE ratio of 23.67, a PEG ratio of 1.83 and a beta of 0.98. The company's 50-day simple moving average is $69.48 and its two-hundred day simple moving average is $68.26. 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 (NYSE:DCI - Get Free Report) last released 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 company had revenue of $940.10 million for the quarter, compared to analysts' expectations of $936.02 million. During the same quarter last year, the business earned $0.92 EPS. The firm's revenue was up 1.3% compared to the same quarter last year. Analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were paid a dividend of $0.30 per share. This is a boost from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date of this dividend was Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.70%. Donaldson's dividend payout ratio (DPR) is presently 40.27%.

Donaldson 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.