Lazard Asset Management LLC Invests $694,000 in Donaldson Company, Inc. $DCI

Lazard Asset Management LLC purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,175 shares of the industrial products company’s stock, valued at approximately $694,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Leonteq Securities AG purchased a new stake in Donaldson in the 4th quarter valued at $40,000. Eagle Bay Advisors LLC purchased a new position in shares of Donaldson during the 4th quarter worth $45,000. Clearstead Advisors LLC raised its holdings in shares of Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 288 shares during the period. Strive Financial Group LLC acquired a new position in shares of Donaldson during the 4th quarter valued at about $57,000. Finally, Sachetta LLC acquired a new position in shares of Donaldson during the 1st quarter valued at about $65,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Trading Down 0.7%

NYSE DCI opened at $97.44 on Thursday. 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 stock has a market capitalization of $11.29 billion, a P/E ratio of 26.19, a PEG ratio of 2.24 and a beta of 0.92. The firm’s 50-day moving average is $88.61 and its two-hundred day moving average is $91.21. Donaldson Company, Inc. has a 12 month low of $71.57 and a 12 month high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The business had revenue of $995.10 million during the quarter, compared to analysts’ expectations of $973.65 million. During the same period last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Donaldson’s payout ratio is presently 34.41%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DCI shares. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus cut their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Finally, Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.