22,928 Shares in Donaldson Company, Inc. $DCI Purchased by Commerce Bank

Commerce Bank purchased a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 22,928 shares of the industrial products company’s stock, valued at approximately $2,058,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Verdence Capital Advisors LLC increased its holdings in shares of Donaldson by 1.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock worth $763,000 after buying an additional 101 shares in the last quarter. TIAA Trust National Association boosted its holdings in shares of Donaldson by 2.0% in the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 108 shares in the last quarter. HB Wealth Management LLC grew its position in Donaldson by 3.8% during the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock worth $297,000 after acquiring an additional 129 shares during the last quarter. Quadrant Capital Group LLC grew its position in Donaldson by 2.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 132 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in Donaldson by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company’s stock valued at $248,000 after purchasing an additional 133 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DCI shares. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Stifel Nicolaus decreased their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Finally, Robert W. Baird raised their price objective on shares of Donaldson from $95.00 to $105.00 and gave the company an “outperform” rating in a research report on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, Donaldson currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

Donaldson Price Performance

Donaldson stock opened at $93.29 on Wednesday. The business’s 50-day simple moving average is $91.55 and its 200 day simple moving average is $90.52. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The stock has a market cap of $10.81 billion, a price-to-earnings ratio of 25.08, a P/E/G ratio of 2.11 and a beta of 0.92. Donaldson Company, Inc. has a 12-month low of $75.58 and a 12-month high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm had revenue of $995.10 million during the quarter, compared to analysts’ expectations of $973.65 million. During the same period in the previous year, the business posted $0.99 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, research analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson’s payout ratio is 34.41%.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.