Van ECK Associates Corp Increases Holdings in Donaldson Company, Inc. (NYSE:DCI)

Van ECK Associates Corp increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.0% during the second quarter, HoldingsChannel.com reports. The firm owned 102,284 shares of the industrial products company’s stock after buying an additional 6,734 shares during the period. Van ECK Associates Corp’s holdings in Donaldson were worth $7,319,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Park Place Capital Corp purchased a new stake in shares of Donaldson in the first quarter worth about $27,000. YHB Investment Advisors Inc. bought a new stake in Donaldson during the 1st quarter worth approximately $32,000. Global Retirement Partners LLC lifted its stake in Donaldson by 1,252.6% in the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 476 shares in the last quarter. Versant Capital Management Inc boosted its holdings in Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares during the period. Finally, Mather Group LLC. grew its position in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 404 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 1.7 %

Shares of DCI stock opened at $72.73 on Tuesday. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a market cap of $8.76 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The business has a 50-day moving average price of $72.47 and a two-hundred day moving average price of $72.70. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $927.90 million during the quarter, compared to analyst estimates of $915.84 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Donaldson’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.76 earnings per share. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is presently 33.44%.

Insiders Place Their Bets

In other news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the transaction, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 2.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DCI. Raymond James assumed coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Stifel Nicolaus dropped their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Finally, Robert W. Baird decreased their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $69.67.

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.