Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 44,240 shares of the industrial products company’s stock, valued at approximately $2,967,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCI. FMR LLC lifted its holdings in shares of Donaldson by 6.2% during the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company’s stock valued at $269,014,000 after purchasing an additional 231,424 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Donaldson by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company’s stock valued at $169,804,000 after purchasing an additional 71,707 shares in the last quarter. Fiduciary Management Inc. WI lifted its holdings in shares of Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company’s stock valued at $148,795,000 after purchasing an additional 367,383 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Donaldson by 8.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company’s stock valued at $108,804,000 after purchasing an additional 129,189 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Donaldson by 24.7% during the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock valued at $101,878,000 after purchasing an additional 299,302 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 0.1%

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

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

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Tuesday, August 12th. Donaldson’s payout ratio is presently 40.27%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Morgan Stanley reiterated an “underweight” rating and set a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Stifel Nicolaus cut their target price on Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research note on Monday, April 14th. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Robert W. Baird boosted their target price on Donaldson from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th.

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.