One Wealth Advisors LLC Acquires New Shares in Donaldson Company, Inc. $DCI

One Wealth Advisors LLC bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 6,017 shares of the industrial products company’s stock, valued at approximately $540,000.

Several other hedge funds have also recently modified their holdings of DCI. State Street Corp raised its position in Donaldson by 0.7% in the 2nd quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after buying an additional 36,866 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Donaldson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock worth $252,386,000 after acquiring an additional 15,674 shares during the period. Morgan Stanley raised its holdings in shares of Donaldson by 1.9% during the fourth quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock valued at $225,389,000 after purchasing an additional 47,062 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Donaldson by 22.0% during the fourth 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 purchasing an additional 380,419 shares during the period. Finally, Dimensional Fund Advisors LP lifted its position in Donaldson by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock valued at $178,224,000 after purchasing an additional 15,799 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on DCI. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Stifel Nicolaus dropped their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Finally, Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $97.83.

Donaldson Price Performance

Shares of NYSE:DCI opened at $96.03 on Friday. The firm’s 50 day moving average price is $90.47 and its 200-day moving average price is $91.06. Donaldson Company, Inc. has a twelve month low of $72.95 and a twelve month high of $112.84. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $11.13 billion, a PE ratio of 25.82, a price-to-earnings-growth ratio of 2.19 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 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 company had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. During the same quarter last year, the firm posted $0.99 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. Equities research analysts expect that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Announces Dividend

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

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.