Swiss National Bank Has $15.51 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Swiss National Bank lessened its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 231,300 shares of the industrial products company's stock after selling 3,900 shares during the period. Swiss National Bank owned 0.19% of Donaldson worth $15,511,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Co SC acquired a new position in Donaldson in the 4th quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new position in Donaldson in the 1st quarter worth about $29,000. Johnson Financial Group Inc. increased its holdings in Donaldson by 48.8% in the 4th 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 in the last quarter. Wood Tarver Financial Group LLC acquired a new position in Donaldson in the 4th quarter worth about $42,000. Finally, CX Institutional acquired a new position in Donaldson in the 1st quarter worth about $53,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Trading Up 2.7%

NYSE DCI opened at $75.71 on Thursday. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month 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 50-day moving average price is $70.69 and its two-hundred day moving average price is $68.71. The firm has a market capitalization of $8.82 billion, a PE ratio of 25.41, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating 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 company had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the prior year, the company earned $0.92 EPS. The firm'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 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Donaldson's dividend payout ratio is presently 40.27%.

Analysts Set New Price Targets

A number of equities research analysts have commented on DCI shares. Robert W. Baird upped their price target on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. 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.

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