First National Bank of Omaha Takes Position in Donaldson Company, Inc. $DCI

First National Bank of Omaha purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,904 shares of the industrial products company’s stock, valued at approximately $530,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada grew its holdings in shares of Donaldson by 38.2% during the 1st quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock worth $6,848,000 after acquiring an additional 28,207 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Donaldson by 16.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock valued at $233,000 after purchasing an additional 494 shares during the period. Millennium Management LLC boosted its position in shares of Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after purchasing an additional 181,602 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Donaldson by 29.0% during the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after purchasing an additional 62,864 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake in Donaldson by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 933 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on DCI shares. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 target price 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 research note on Thursday, June 4th. Robert W. Baird lifted their price target on shares of Donaldson from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Donaldson currently has a consensus rating of “Moderate Buy” and a consensus target price of $99.50.

Donaldson Trading Down 1.1%

Donaldson stock opened at $92.95 on Thursday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The business’s fifty day simple moving average is $91.02 and its two-hundred day simple moving average is $90.82. Donaldson Company, Inc. has a 12 month low of $73.63 and a 12 month high of $112.84. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 2.15 and a beta of 0.92.

Donaldson (NYSE:DCI) last issued 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. The firm had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The company’s revenue was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. As a group, equities analysts predict that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders 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 yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is currently 34.41%.

About Donaldson

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.