CX Institutional Makes New $53,000 Investment in Donaldson Company, Inc. (NYSE:DCI)

CX Institutional purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 784 shares of the industrial products company’s stock, valued at approximately $53,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Argent Trust Co raised its position in Donaldson by 3.3% in the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company’s stock valued at $319,000 after buying an additional 152 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 180 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of Donaldson by 5.3% in the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock valued at $252,000 after purchasing an additional 187 shares during the last quarter. Johnson Financial Group Inc. raised its holdings in shares of Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 195 shares during the last quarter. Finally, Truist Financial Corp lifted its position in shares of Donaldson by 4.9% in the fourth quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company’s stock worth $417,000 after purchasing an additional 290 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Price Performance

NYSE:DCI opened at $68.33 on Wednesday. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95. The stock’s 50 day moving average price is $67.39 and its two-hundred day moving average price is $68.42. The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 22.93, a P/E/G ratio of 1.79 and a beta of 0.99.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.92 earnings per share. On average, analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is an increase from Donaldson’s previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.76%. Donaldson’s dividend payout ratio is 40.27%.

Wall Street Analyst Weigh In

DCI has been the subject of a number of analyst reports. Wall Street Zen downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley restated an “underweight” rating and issued a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Stifel Nicolaus reduced their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Robert W. Baird upped their price objective on Donaldson from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $70.00.

Insider Buying and Selling

In other Donaldson news, Director James Owens sold 18,700 shares of the business’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the completion of the sale, the director now owns 20,246 shares of the company’s stock, valued at $1,255,656.92. The trade was a 48.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 2.70% of the stock is owned by insiders.

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.