Gallagher Fiduciary Advisors LLC Purchases Shares of 7,152 Donaldson Company, Inc. $DCI

Gallagher Fiduciary Advisors LLC acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,152 shares of the industrial products company’s stock, valued at approximately $642,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Man Group plc bought a new stake in shares of Donaldson in the 2nd quarter worth about $3,069,000. Roberts Glore & Co. Inc. IL bought a new position in Donaldson during the 2nd quarter valued at about $449,000. Jupiter Topco LLC acquired a new position in Donaldson in the second quarter valued at about $40,995,000. Hsbc Holdings PLC bought a new stake in Donaldson during the second quarter worth about $6,310,000. Finally, PDT Partners LLC bought a new stake in Donaldson during the second quarter worth about $3,281,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of Donaldson stock opened at $93.29 on Wednesday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a 50 day simple moving average of $91.55 and a 200 day simple moving average of $90.52. Donaldson Company, Inc. has a fifty-two week low of $75.58 and a fifty-two week high of $112.84. The firm has a market cap of $10.81 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.11 and a beta of 0.92.

Donaldson (NYSE:DCI) last posted 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. The firm had revenue of $995.10 million for 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 for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.99 EPS. Sell-side analysts predict that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.