CIBC Private Wealth Group LLC acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 14,986 shares of the industrial products company’s stock, valued at approximately $651,000.
A number of other hedge funds have also recently modified their holdings of DCI. FMR LLC grew its holdings in Donaldson by 101.2% during the second quarter. FMR LLC now owns 3,442,400 shares of the industrial products company’s stock worth $155,321,000 after acquiring an additional 1,731,506 shares during the period. Ledyard National Bank grew its holdings in Donaldson by 23.6% during the third quarter. Ledyard National Bank now owns 5,333 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 1,020 shares during the period. Retirement Systems of Alabama grew its holdings in Donaldson by 1.9% during the third quarter. Retirement Systems of Alabama now owns 308,515 shares of the industrial products company’s stock worth $17,974,000 after acquiring an additional 5,613 shares during the period. Confluence Investment Management LLC grew its holdings in Donaldson by 3.3% during the third quarter. Confluence Investment Management LLC now owns 381,307 shares of the industrial products company’s stock worth $22,215,000 after acquiring an additional 12,095 shares during the period. Finally, First Trust Advisors LP grew its holdings in Donaldson by 18.7% during the third quarter. First Trust Advisors LP now owns 26,294 shares of the industrial products company’s stock worth $1,532,000 after acquiring an additional 4,148 shares during the period. Institutional investors and hedge funds own 80.06% of the company’s stock.
A number of research analysts recently issued reports on DCI shares. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a report on Tuesday, December 4th. Stifel Nicolaus reaffirmed a “hold” rating and set a $53.00 target price on shares of Donaldson in a report on Thursday, December 6th. SunTrust Banks reaffirmed a “hold” rating and set a $56.00 target price on shares of Donaldson in a report on Thursday, December 6th. Finally, ValuEngine lowered Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Donaldson currently has a consensus rating of “Hold” and an average target price of $55.25.
Shares of DCI opened at $51.55 on Thursday. The stock has a market capitalization of $6.50 billion, a P/E ratio of 24.20, a P/E/G ratio of 1.85 and a beta of 1.41. Donaldson Company, Inc. has a 1-year low of $40.27 and a 1-year high of $59.43. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.66 and a current ratio of 2.40.
Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The company had revenue of $701.40 million during the quarter, compared to analysts’ expectations of $700.98 million. Donaldson had a return on equity of 32.75% and a net margin of 6.92%. The company’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. As a group, equities analysts forecast that Donaldson Company, Inc. will post 2.39 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Monday, February 11th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Friday, February 8th. This represents a $0.76 dividend on an annualized basis and a yield of 1.47%. Donaldson’s dividend payout ratio is currently 38.00%.
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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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