Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.1% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 379,925 shares of the industrial products company's stock after buying an additional 7,663 shares during the period. Wealth Enhancement Advisory Services LLC owned 0.32% of Donaldson worth $25,478,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. increased its stake in Donaldson by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock worth $856,509,000 after buying an additional 33,139 shares in the last quarter. FMR LLC increased its stake in Donaldson by 6.2% in the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock worth $269,014,000 after buying an additional 231,424 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Donaldson by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock valued at $169,804,000 after purchasing an additional 71,707 shares in the last quarter. Fiduciary Management Inc. WI grew its position in shares of Donaldson by 19.9% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after purchasing an additional 367,383 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Donaldson by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company's stock valued at $108,804,000 after purchasing an additional 129,189 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Trading Down 0.5%

Shares of NYSE:DCI traded down $0.37 during trading on Friday, reaching $68.06. The company's stock had a trading volume of 970,586 shares, compared to its average volume of 563,492. 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 Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The firm's 50 day simple moving average is $67.69 and its two-hundred day simple moving average is $68.26. The stock has a market capitalization of $7.93 billion, a PE ratio of 22.84, a price-to-earnings-growth ratio of 1.77 and a beta of 1.00.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data 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 net margin of 9.94% and a return on equity of 28.86%. The business had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. During the same quarter last year, the firm earned $0.92 earnings per share. The firm's quarterly revenue was up 1.3% compared to the same quarter last year. On average, research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.76%. This is a positive change from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date is Monday, June 16th. Donaldson's dividend payout ratio (DPR) is presently 40.27%.

Wall Street Analyst Weigh In

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

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.