William Blair Investment Management LLC Takes Position in Donaldson Company, Inc. $DCI

William Blair Investment Management LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 34,964 shares of the industrial products company’s stock, valued at approximately $3,139,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP purchased a new stake in Donaldson during the 2nd quarter worth $29,000. Trust Co. of Vermont purchased a new position in Donaldson in the 2nd quarter valued at about $31,000. Leonteq Securities AG purchased a new position in Donaldson in the 4th quarter valued at about $40,000. Clearstead Advisors LLC grew its stake in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 288 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new stake in shares of Donaldson during the fourth quarter worth about $57,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Donaldson Stock Performance

Shares of DCI stock opened at $93.19 on Monday. 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 business has a 50 day moving average of $91.30 and a two-hundred day moving average of $90.70. Donaldson Company, Inc. has a 52 week low of $73.88 and a 52 week high of $112.84. The company has a market cap of $10.80 billion, a P/E ratio of 25.05, a PEG ratio of 2.13 and a beta of 0.92.

Donaldson (NYSE:DCI) last issued its earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share 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 analyst estimates of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Announces Dividend

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

Donaldson Company 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.