SFE Investment Counsel Makes New $5.83 Million Investment in Donaldson Company, Inc. $DCI

SFE Investment Counsel acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 64,958 shares of the industrial products company’s stock, valued at approximately $5,831,000.

Other hedge funds also recently made changes to their positions in the company. Verdence Capital Advisors LLC boosted its stake in shares of Donaldson by 1.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock worth $763,000 after acquiring an additional 101 shares during the period. TIAA Trust National Association increased its holdings in shares of Donaldson by 2.0% during the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 108 shares during the last quarter. HB Wealth Management LLC raised its stake in 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 raised its stake in Donaldson by 2.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 132 shares during the period. Finally, Blue Trust Inc. lifted its holdings in Donaldson by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 133 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on DCI shares. Stifel Nicolaus reduced their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 target price on shares of Donaldson in a report on Thursday, June 4th. 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $97.83.

Donaldson Stock Up 0.3%

DCI stock opened at $96.03 on Friday. Donaldson Company, Inc. has a fifty-two week low of $72.95 and a fifty-two week high of $112.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. The stock has a market capitalization of $11.13 billion, a price-to-earnings ratio of 25.82, a PEG ratio of 2.19 and a beta of 0.92. The business’s fifty day moving average price is $90.47 and its two-hundred day moving average price is $91.06.

Donaldson (NYSE:DCI) last announced its earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $973.65 million. During the same quarter in the previous year, the business posted $0.99 earnings per share. Donaldson’s quarterly revenue was up 5.9% on a year-over-year basis. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Dividend Announcement

The firm 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 $0.32 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.3%. Donaldson’s payout ratio is 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.