Accredited Investors Inc. Raises Stake in Donaldson Company, Inc. (NYSE:DCI)

Accredited Investors Inc. increased its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.2% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 5,285 shares of the industrial products company’s stock after buying an additional 11 shares during the period. Accredited Investors Inc.’s holdings in Donaldson were worth $241,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of DCI. BlackRock Inc. boosted its stake in Donaldson by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock valued at $472,970,000 after buying an additional 10,206,564 shares in the last quarter. Vanguard Group Inc. boosted its stake in Donaldson by 8.3% in the first quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock valued at $553,197,000 after buying an additional 930,432 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Donaldson by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock valued at $109,787,000 after buying an additional 496,064 shares in the last quarter. Prudential Financial Inc. boosted its stake in Donaldson by 149.5% in the first quarter. Prudential Financial Inc. now owns 506,451 shares of the industrial products company’s stock valued at $23,054,000 after buying an additional 303,430 shares in the last quarter. Finally, BTIM Corp. boosted its stake in Donaldson by 29.3% in the first quarter. BTIM Corp. now owns 1,025,833 shares of the industrial products company’s stock valued at $46,696,000 after buying an additional 232,193 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Shares of Donaldson Company, Inc. (DCI) opened at 46.49 on Friday. Donaldson Company, Inc. has a 1-year low of $35.59 and a 1-year high of $48.91. The firm has a market capitalization of $6.09 billion, a PE ratio of 27.67 and a beta of 1.22. The firm has a 50-day moving average of $46.50 and a 200-day moving average of $45.37.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The business had revenue of $608.20 million during the quarter, compared to analysts’ expectations of $580.44 million. During the same period in the prior year, the business earned $0.43 EPS. Donaldson’s revenue for the quarter was up 6.5% compared to the same quarter last year. On average, equities research analysts anticipate that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. This is an increase from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio is 41.92%.

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DCI has been the subject of several research reports. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a report on Friday, May 12th. BidaskClub cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, June 22nd. Jefferies Group LLC upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Wednesday, May 31st. Stifel Nicolaus restated a “hold” rating and set a $48.00 price target (up from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Six analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $48.25.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the completion of the transaction, the director now owns 59,001 shares of the company’s stock, valued at approximately $2,733,516.33. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.88% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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