Baird Financial Group Inc. increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 447.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,468 shares of the industrial products company’s stock after acquiring an additional 19,999 shares during the period. Baird Financial Group Inc.’s holdings in Donaldson were worth $1,102,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in DCI. Rockefeller Capital Management L.P. acquired a new position in Donaldson during the first quarter worth $149,000. Advisor Group Inc. grew its holdings in Donaldson by 91.3% during the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 1,498 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Donaldson by 51.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 1,100 shares during the period. Atria Investments LLC acquired a new position in Donaldson during the first quarter worth $200,000. Finally, ETRADE Capital Management LLC acquired a new position in Donaldson during the fourth quarter worth $202,000. 77.32% of the stock is currently owned by hedge funds and other institutional investors.
DCI opened at $46.84 on Thursday. The company has a current ratio of 3.14, a quick ratio of 2.28 and a debt-to-equity ratio of 0.82. The firm has a market cap of $6.16 billion, a price-to-earnings ratio of 27.72, a PEG ratio of 2.08 and a beta of 1.16. Donaldson Company, Inc. has a one year low of $42.59 and a one year high of $52.20.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, May 31st. The industrial products company reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $700.00 million for the quarter, compared to the consensus estimate of $682.68 million. Donaldson had a return on equity of 30.15% and a net margin of 5.47%. Donaldson’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 earnings per share. equities analysts anticipate that Donaldson Company, Inc. will post 1.99 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 28th. Shareholders of record on Monday, June 11th will be given a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a yield of 1.62%. This is an increase from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, June 8th. Donaldson’s payout ratio is presently 44.97%.
In other news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction on Thursday, June 14th. The stock was sold at an average price of $47.86, for a total value of $689,184.00. Following the sale, the director now directly owns 62,620 shares in the company, valued at $2,996,993.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.09% of the stock is currently owned by insiders.
A number of research analysts recently weighed in on DCI shares. Gabelli raised Donaldson from a “neutral” rating to a “buy” rating in a report on Wednesday, March 7th. They noted that the move was a valuation call. Stifel Nicolaus decreased their target price on Donaldson from $53.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, March 7th. TheStreet downgraded Donaldson from an “a-” rating to a “c+” rating in a research report on Tuesday, March 6th. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, March 8th. Finally, Edward Jones upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Wednesday, March 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $50.60.
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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