USA Financial Formulas Grows Stake in Donaldson Company, Inc. (NYSE:DCI)

USA Financial Formulas increased its stake in Donaldson Company, Inc. (NYSE:DCI) by 21.7% during the first quarter, Holdings Channel.com reports. The firm owned 1,269 shares of the industrial products company’s stock after purchasing an additional 226 shares during the quarter. USA Financial Formulas’ holdings in Donaldson were worth $85,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC bought a new position in Donaldson in the 4th quarter worth $25,000. Johnson Financial Group Inc. raised its holdings in Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 195 shares during the period. Smartleaf Asset Management LLC raised its holdings in Donaldson by 43.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 180 shares during the period. Wood Tarver Financial Group LLC bought a new position in Donaldson in the 4th quarter worth $42,000. Finally, Venturi Wealth Management LLC raised its holdings in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 369 shares during the period. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $1,961,279.48. The trade was a 50.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction dated Thursday, April 10th. The stock was 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 directly owns 20,246 shares in the company, valued at $1,255,656.92. This trade represents a 48.02% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.70% of the company’s stock.

Donaldson Price Performance

NYSE:DCI opened at $69.80 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $66.72 and its two-hundred day simple moving average is $68.74. The stock has a market cap of $8.13 billion, a PE ratio of 20.29, a P/E/G ratio of 1.82 and a beta of 0.99. 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 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $936.02 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm earned $0.92 earnings per share. As a group, analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.72%. This is a boost from Donaldson’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, June 16th. Donaldson’s payout ratio is 40.27%.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wall Street Zen cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley reaffirmed an “underweight” rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. Robert W. Baird raised their target price on Donaldson from $76.00 to $78.00 and gave the stock an “outperform” rating in a report on Wednesday, June 4th. Finally, Stifel Nicolaus decreased their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $70.00.

Donaldson Company 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.