Vest Financial LLC raised its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 53.3% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,915 shares of the industrial products company's stock after acquiring an additional 23,261 shares during the quarter. Vest Financial LLC owned approximately 0.06% of Donaldson worth $5,824,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in DCI. First Nebraska Trust Co acquired a new position in shares of Donaldson in the 2nd quarter valued at about $7,299,000. Bank of America Corp DE bought a new stake in Donaldson in the second quarter worth approximately $46,685,000. BlackRock Inc. bought a new stake in Donaldson in the second quarter worth approximately $1,072,012,000. Hsbc Holdings PLC acquired a new position in Donaldson in the second quarter valued at approximately $6,310,000. Finally, Engineers Gate Manager LP acquired a new position in Donaldson in the second quarter valued at approximately $1,282,000. Institutional investors own 82.81% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have recently commented on the stock. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, September 19th. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research note on Friday, August 28th. Robert W. Baird raised their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Finally, Morgan Stanley raised their price target on shares of Donaldson from $91.00 to $95.00 and gave the stock an "equal weight" rating in a report on Tuesday, September 29th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $101.67.
Get Our Latest Analysis on DCI
Donaldson Stock Down 1.6%
DCI stock opened at $84.74 on Friday. The firm has a market capitalization of $9.81 billion, a PE ratio of 22.01, a P/E/G ratio of 1.99 and a beta of 0.87. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a twelve month low of $79.61 and a twelve month high of $112.84. The stock's 50 day moving average is $89.01 and its 200-day moving average is $88.58.
Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the company posted $1.03 earnings per share. Donaldson's revenue was up 8.0% compared to the same quarter last year. Sell-side analysts expect that Donaldson Company, Inc. will post 4.33 EPS for the current fiscal year.
Donaldson Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Donaldson's dividend payout ratio (DPR) is 33.25%.
About Donaldson
(
Free Report)
Donaldson Company, Inc NYSE: DCI is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.
Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.
Further Reading
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