Seizert Capital Partners LLC Invests $3.91 Million in Donaldson Company, Inc. (NYSE:DCI)

Seizert Capital Partners LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 58,350 shares of the industrial products company’s stock, valued at approximately $3,913,000.

A number of other large investors also recently modified their holdings of DCI. XTX Topco Ltd bought a new stake in shares of Donaldson during the first quarter worth approximately $268,000. Meeder Asset Management Inc. bought a new stake in shares of Donaldson during the first quarter worth approximately $277,000. LPL Financial LLC raised its stake in shares of Donaldson by 3.0% during the first quarter. LPL Financial LLC now owns 69,858 shares of the industrial products company’s stock worth $4,685,000 after buying an additional 2,053 shares during the last quarter. Mitchell Sinkler & Starr PA raised its stake in shares of Donaldson by 18.3% during the first quarter. Mitchell Sinkler & Starr PA now owns 5,635 shares of the industrial products company’s stock worth $378,000 after buying an additional 870 shares during the last quarter. Finally, Heartland Advisors Inc. raised its stake in shares of Donaldson by 1.7% during the first quarter. Heartland Advisors Inc. now owns 202,925 shares of the industrial products company’s stock worth $13,608,000 after buying an additional 3,449 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Up 0.1%

Shares of NYSE:DCI opened at $72.11 on Wednesday. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The company has a market capitalization of $8.40 billion, a PE ratio of 24.20, a PEG ratio of 1.87 and a beta of 0.98. The company has a 50 day moving average price of $69.97 and a two-hundred day moving average price of $68.54.

Donaldson (NYSE:DCI) last issued its earnings results 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. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. During the same quarter in the prior year, the firm earned $0.92 earnings per share. The business’s quarterly revenue was up 1.3% on a year-over-year basis. Analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson’s dividend payout ratio is 40.27%.

Analyst Ratings Changes

DCI has been the subject of a number of recent research reports. Morgan Stanley reissued an “underweight” rating and set a $69.00 price target (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Robert W. Baird boosted their price target on shares of Donaldson from $76.00 to $78.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 4th. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Stifel Nicolaus dropped their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th.

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.