Diversified Trust Co Purchases New Position in Donaldson Company, Inc. (NYSE:DCI)

Diversified Trust Co acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,133 shares of the industrial products company’s stock, valued at approximately $1,279,000.

Several other hedge funds also recently modified their holdings of DCI. Fortitude Family Office LLC acquired a new stake in Donaldson during the 4th quarter valued at $27,000. Lindbrook Capital LLC increased its stake in shares of Donaldson by 58.2% in the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after buying an additional 174 shares in the last quarter. Riverview Trust Co bought a new position in shares of Donaldson in the first quarter valued at about $46,000. Sunbelt Securities Inc. acquired a new position in Donaldson during the 1st quarter worth about $52,000. Finally, Blue Trust Inc. grew its holdings in Donaldson by 65.5% during the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 298 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on DCI. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Robert W. Baird reduced their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Finally, Raymond James began coverage on Donaldson in a research report on Friday. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $67.67.

Donaldson Trading Down 1.1 %

Shares of NYSE DCI opened at $70.77 on Tuesday. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The firm has a market capitalization of $8.52 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.03 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30. The company’s 50 day simple moving average is $73.33 and its 200 day simple moving average is $70.29.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The company had revenue of $927.90 million for the quarter, compared to the consensus estimate of $915.84 million. During the same quarter in the prior year, the business posted $0.76 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. On average, analysts predict that Donaldson Company, Inc. will post 3.36 EPS for the current year.

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were paid a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 17th. This is a boost from Donaldson’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.53%. Donaldson’s dividend payout ratio is 33.44%.

Donaldson Profile

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.