19,769 Shares in Donaldson Company, Inc. $DCI Bought by NewEdge Wealth LLC

NewEdge Wealth LLC acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, Holdings Channel reports. The firm acquired 19,769 shares of the industrial products company’s stock, valued at approximately $1,775,000.

A number of other large investors have also added to or reduced their stakes in the business. Trust Co. of Vermont acquired a new stake in shares of Donaldson during the 2nd quarter worth about $31,000. Leonteq Securities AG acquired a new stake in Donaldson during the fourth quarter worth approximately $40,000. Clearstead Advisors LLC grew its position in Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after buying an additional 288 shares in the last quarter. Strive Financial Group LLC bought a new position in Donaldson during the 4th quarter worth $57,000. Finally, Sachetta LLC acquired a new position in Donaldson in the first quarter valued at about $65,000. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the subject of several recent analyst reports. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 target price on Donaldson in a research note on Thursday, June 4th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Stifel Nicolaus reduced their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Finally, Robert W. Baird increased their price objective on shares of Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

Donaldson Stock Down 0.5%

Donaldson stock opened at $92.34 on Friday. The stock has a market cap of $10.70 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 2.12 and a beta of 0.92. Donaldson Company, Inc. has a fifty-two week low of $73.63 and a fifty-two week high of $112.84. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The firm’s 50-day simple moving average is $91.16 and its 200 day simple moving average is $90.75.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million during the quarter, compared to analyst estimates of $973.65 million. During the same quarter in the prior year, the business earned $0.99 earnings per share. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. Research analysts predict that Donaldson Company, Inc. will post 3.96 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio is presently 34.41%.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.