XTX Topco Ltd Buys Shares of 3,995 Donaldson Company, Inc. (NYSE:DCI)

Key Points

• XTX Topco Ltd acquired 3,995 shares of Donaldson Company, Inc., valued at approximately $268,000, marking a new stake in the industrial products firm.
• Recent modifications by other investors have significantly increased institutional holdings in Donaldson, with 82.81% of the stock now owned by hedge funds and other institutional investors.
• The company has declared a quarterly dividend of $0.30 per share, set to be paid on August 27th, representing a yield of 1.7%.

XTX Topco Ltd bought a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 3,995 shares of the industrial products company's stock, valued at approximately $268,000.

Several other large investors have also made changes to their positions in the company. Meeder Asset Management Inc. acquired a new position in Donaldson during the 1st quarter valued at about $277,000. LPL Financial LLC raised its position in shares of Donaldson by 3.0% in the 1st quarter. LPL Financial LLC now owns 69,858 shares of the industrial products company's stock valued at $4,685,000 after acquiring an additional 2,053 shares during the period. Mitchell Sinkler & Starr PA raised its position in shares of Donaldson by 18.3% in the 1st quarter. Mitchell Sinkler & Starr PA now owns 5,635 shares of the industrial products company's stock valued at $378,000 after acquiring an additional 870 shares during the period. Heartland Advisors Inc. raised its position in shares of Donaldson by 1.7% in the 1st quarter. Heartland Advisors Inc. now owns 202,925 shares of the industrial products company's stock valued at $13,608,000 after acquiring an additional 3,449 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of Donaldson by 6.0% in the 1st quarter. Cetera Investment Advisers now owns 11,274 shares of the industrial products company's stock valued at $756,000 after acquiring an additional 639 shares during the period. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Down 1.1%

Shares of NYSE:DCI traded down $0.81 during midday trading on Friday, hitting $73.48. The stock had a trading volume of 167,812 shares, compared to its average volume of 577,044. The business's 50-day simple moving average is $70.79 and its 200-day simple moving average is $68.73. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The company has a market cap of $8.56 billion, a P/E ratio of 24.65, a PEG ratio of 1.85 and a beta of 0.99. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (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 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 posted $0.92 EPS. The company's quarterly revenue was up 1.3% on a year-over-year basis. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. Donaldson's dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on DCI shares. Morgan Stanley reissued an "underweight" rating and set a $69.00 target price (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Robert W. Baird raised their price target on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th.

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.