Vanguard Group Inc. Trims Holdings in Donaldson Company, Inc. (NYSE:DCI)

Vanguard Group Inc. reduced its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,884,860 shares of the industrial products company’s stock after selling 72,866 shares during the quarter. Vanguard Group Inc. owned 10.70% of Donaldson worth $842,026,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in DCI. Gotham Asset Management LLC raised its position in shares of Donaldson by 47.9% during the 3rd quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company’s stock valued at $5,973,000 after acquiring an additional 32,431 shares in the last quarter. UBS Group AG raised its position in shares of Donaldson by 83.5% during the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after acquiring an additional 174,193 shares in the last quarter. Boston Trust Walden Corp raised its position in shares of Donaldson by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock valued at $184,045,000 after acquiring an additional 42,365 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of Donaldson by 49.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock valued at $4,968,000 after acquiring an additional 27,633 shares in the last quarter. Finally, Pinebridge Investments L.P. acquired a new stake in shares of Donaldson during the 4th quarter valued at approximately $3,615,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on DCI. Robert W. Baird dropped their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $67.25.

Donaldson Price Performance

Shares of NYSE DCI opened at $72.23 on Friday. The firm has a market capitalization of $8.70 billion, a PE ratio of 22.36, a P/E/G ratio of 2.06 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The business’s fifty day moving average price is $73.38 and its two-hundred day moving average price is $69.79.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The company had revenue of $927.90 million for the quarter, compared to analyst estimates of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $0.76 earnings per share. On average, research analysts expect that Donaldson Company, Inc. will post 3.37 EPS for the current year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Monday, June 17th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.50%. This is a positive change from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Monday, June 17th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.