Hsbc Holdings PLC Boosts Stake in Donaldson Company, Inc. $DCI

Hsbc Holdings PLC lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 53.1% in the first quarter, HoldingsChannel.com reports. The fund owned 58,011 shares of the industrial products company’s stock after acquiring an additional 20,118 shares during the quarter. Hsbc Holdings PLC’s holdings in Donaldson were worth $4,895,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Pictet Asset Management Holding SA increased its stake in Donaldson by 10,438.1% in the first quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock valued at $152,873,000 after acquiring an additional 1,784,386 shares during the last quarter. William Blair Investment Management LLC lifted its stake in Donaldson by 26,235.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock worth $151,420,000 after purchasing an additional 1,701,387 shares during the last quarter. Norges Bank purchased a new position in shares of Donaldson in the 4th quarter worth about $120,186,000. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Donaldson by 22.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock worth $187,037,000 after purchasing an additional 380,419 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new position in shares of Donaldson during the 4th quarter valued at about $22,872,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Donaldson Price Performance

DCI opened at $92.88 on Friday. The stock’s 50 day simple moving average is $86.72 and its 200 day simple moving average is $91.23. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. Donaldson Company, Inc. has a 1 year low of $70.17 and a 1 year high of $112.84. The firm has a market cap of $10.77 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.30 and a beta of 0.93.

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, beating the consensus estimate of $1.05 by $0.01. The firm had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business’s revenue was up 5.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.99 earnings per share. As a group, analysts predict that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. This is an increase from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s dividend payout ratio (DPR) is currently 34.41%.

Donaldson Company 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.