Willis Investment Counsel Buys 7,615 Shares of Donaldson Company, Inc. $DCI

Willis Investment Counsel lifted its position in Donaldson Company, Inc. (NYSE:DCI) by 9.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 89,360 shares of the industrial products company’s stock after acquiring an additional 7,615 shares during the quarter. Willis Investment Counsel owned 0.08% of Donaldson worth $7,778,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of DCI. BlackRock Inc. bought a new position in shares of Donaldson during the second quarter valued at approximately $1,072,012,000. Pictet Asset Management Holding SA increased its stake in shares of Donaldson by 10,438.1% during the first quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock valued at $152,873,000 after acquiring an additional 1,784,386 shares during the period. Bank of New York Mellon Corp raised its holdings in Donaldson by 0.8% during the first quarter. Bank of New York Mellon Corp now owns 1,222,704 shares of the industrial products company’s stock worth $103,771,000 after purchasing an additional 9,451 shares in the last quarter. Gabelli Funds LLC lifted its position in Donaldson by 1.7% in the first quarter. Gabelli Funds LLC now owns 653,500 shares of the industrial products company’s stock worth $55,463,000 after purchasing an additional 10,850 shares during the period. Finally, Swedbank AB raised its position in Donaldson by 1.2% in the first quarter. Swedbank AB now owns 534,400 shares of the industrial products company’s stock worth $45,355,000 after acquiring an additional 6,300 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on DCI shares. Robert W. Baird lifted their price objective on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research report on Friday, August 28th. Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley boosted their price target on shares of Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 29th. Three equities research 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 company has a consensus rating of “Moderate Buy” and an average target price of $101.67.

Donaldson Trading Down 0.1%

Shares of DCI stock traded down $0.08 during trading hours on Tuesday, reaching $87.24. The company had a trading volume of 89,281 shares, compared to its average volume of 707,126. Donaldson Company, Inc. has a 1-year low of $79.61 and a 1-year high of $112.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41. The firm has a market cap of $10.10 billion, a price-to-earnings ratio of 22.66, a P/E/G ratio of 2.03 and a beta of 0.87. The company has a 50 day moving average of $89.77 and a 200 day moving average of $88.57.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The company had revenue of $1.06 billion for the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, equities research analysts anticipate that Donaldson Company, Inc. will post 4.33 EPS for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. Donaldson’s dividend payout ratio is 33.25%.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.

Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.