Donaldson Company, Inc. $DCI Stake Lessened by First Trust Advisors LP

First Trust Advisors LP lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.6% during the 1st quarter, Holdings Channel reports. The institutional investor owned 1,032,298 shares of the industrial products company’s stock after selling 6,491 shares during the quarter. First Trust Advisors LP’s holdings in Donaldson were worth $87,611,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Leonteq Securities AG acquired a new stake in shares of Donaldson in the fourth quarter valued at about $40,000. Eagle Bay Advisors LLC acquired a new position in Donaldson during the 4th quarter valued at about $45,000. Clearstead Advisors LLC grew its holdings in Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 288 shares during the period. Strive Financial Group LLC acquired a new stake in Donaldson during the 4th quarter worth approximately $57,000. Finally, Sachetta LLC acquired a new position in Donaldson during the 1st quarter worth approximately $65,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Up 1.9%

Shares of DCI opened at $92.88 on Friday. The stock has a market cap of $10.77 billion, a PE ratio of 24.97, a P/E/G ratio of 2.30 and a beta of 0.93. 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 business’s 50-day moving average price is $86.72 and its 200-day moving average price is $91.23. Donaldson Company, Inc. has a twelve month low of $70.17 and a twelve month high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.99 EPS. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.96 EPS for the current fiscal year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given 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 was Monday, June 15th. This is an increase from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s payout ratio is presently 34.41%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DCI. Robert W. Baird reduced their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Stifel Nicolaus cut their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $97.83.

About Donaldson

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.