Epoch Investment Partners Inc. Sells 268,827 Shares of Donaldson Company, Inc. $DCI

Epoch Investment Partners Inc. trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 30.2% during the first quarter, Holdings Channel.com reports. The firm owned 621,014 shares of the industrial products company’s stock after selling 268,827 shares during the period. Epoch Investment Partners Inc.’s holdings in Donaldson were worth $52,705,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Verdence Capital Advisors LLC increased its holdings in shares of Donaldson by 1.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock valued at $763,000 after purchasing an additional 101 shares in the last quarter. TIAA Trust National Association lifted its holdings in Donaldson by 2.0% during the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock worth $496,000 after buying an additional 108 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in Donaldson by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,440 shares of the industrial products company’s stock worth $305,000 after buying an additional 118 shares in the last quarter. Signaturefd LLC boosted its position in Donaldson by 9.6% in the 4th quarter. Signaturefd LLC now owns 1,403 shares of the industrial products company’s stock valued at $124,000 after buying an additional 123 shares during the last quarter. Finally, HB Wealth Management LLC boosted its position in Donaldson by 3.8% in the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock valued at $297,000 after buying an additional 129 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Price Performance

DCI opened at $92.88 on Friday. The company has a fifty day moving average price of $86.72 and a two-hundred day moving average price of $91.23. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. Donaldson Company, Inc. has a 52 week low of $70.17 and a 52 week high of $112.84. The firm has a market capitalization of $10.77 billion, a PE ratio of 24.97, a P/E/G ratio of 2.35 and a beta of 0.93.

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

Donaldson Increases Dividend

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

Analysts Set New Price Targets

DCI has been the subject of a number of recent research reports. Stifel Nicolaus dropped their target price on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Robert W. Baird decreased their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, July 12th. Wells Fargo & Company set a $91.00 price objective on Donaldson in a report on Thursday, June 4th. Finally, Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.