Donaldson Company, Inc. $DCI Shares Purchased by Gabelli Funds LLC

Gabelli Funds LLC boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.7% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 653,500 shares of the industrial products company’s stock after acquiring an additional 10,850 shares during the period. Gabelli Funds LLC’s holdings in Donaldson were worth $55,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp grew its stake in shares of Donaldson by 0.7% during the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after purchasing an additional 36,866 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Donaldson by 0.6% during the 4th quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock worth $252,386,000 after buying an additional 15,674 shares during the last quarter. Morgan Stanley boosted its position in shares of Donaldson by 1.9% during the 4th quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock worth $225,389,000 after acquiring an additional 47,062 shares in the last quarter. Fuller & Thaler Asset Management Inc. increased 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 valued at $187,037,000 after acquiring an additional 380,419 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Donaldson by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock valued at $178,224,000 after acquiring an additional 15,799 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Up 1.9%

DCI stock opened at $92.88 on Friday. The company has a fifty day moving average price of $86.72 and a 200 day moving average price of $91.23. Donaldson Company, Inc. has a 12 month low of $70.17 and a 12 month high of $112.84. The company has a market cap of $10.77 billion, a price-to-earnings ratio of 24.97, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. 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 (NYSE:DCI) last issued its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. During the same period last year, the firm posted $0.99 EPS. Donaldson’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts expect that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

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

Wall Street Analyst Weigh In

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

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.