Commerce Bank Invests $2.06 Million in Donaldson Company, Inc. $DCI

Commerce Bank acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the second quarter, HoldingsChannel reports. The fund acquired 22,928 shares of the industrial products company’s stock, valued at approximately $2,058,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Verdence Capital Advisors LLC boosted its holdings in Donaldson by 1.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock worth $763,000 after buying an additional 101 shares during the last quarter. TIAA Trust National Association raised its position in shares of Donaldson by 2.0% in the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock valued at $496,000 after acquiring an additional 108 shares during the period. HB Wealth Management LLC raised its position in shares of Donaldson by 3.8% in the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 129 shares during the period. Quadrant Capital Group LLC boosted its stake in Donaldson by 2.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 132 shares during the last quarter. Finally, Blue Trust Inc. boosted its stake in Donaldson by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 133 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on DCI shares. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Stifel Nicolaus decreased their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Robert W. Baird upped their price objective on shares of Donaldson from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Donaldson has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Donaldson Stock Up 0.9%

Shares of DCI stock opened at $93.29 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 1 year low of $75.58 and a 1 year high of $112.84. The firm’s fifty day moving average price is $91.55 and its two-hundred day moving average price is $90.52. The firm has a market capitalization of $10.81 billion, a P/E ratio of 25.08, a PEG ratio of 2.11 and a beta of 0.92.

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

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a 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.