Donaldson Company, Inc. $DCI Stock Acquired by Vest Financial LLC

Vest Financial LLC grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 53.3% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 66,915 shares of the industrial products company’s stock after acquiring an additional 23,261 shares during the quarter. Vest Financial LLC’s holdings in Donaldson were worth $5,824,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of DCI. First Nebraska Trust Co purchased a new stake in Donaldson in the second quarter worth $7,299,000. Bank of America Corp DE purchased a new position in Donaldson during the 2nd quarter valued at about $46,685,000. BlackRock Inc. bought a new stake in Donaldson during the second quarter worth about $1,072,012,000. Hsbc Holdings PLC bought a new stake in Donaldson during the second quarter worth about $6,310,000. Finally, Engineers Gate Manager LP purchased a new stake in Donaldson in the second quarter worth about $1,282,000. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Performance

NYSE:DCI opened at $84.74 on Friday. The stock’s fifty day moving average is $89.01 and its 200 day moving average is $88.58. Donaldson Company, Inc. has a fifty-two week low of $79.61 and a fifty-two week high of $112.84. The firm has a market capitalization of $9.81 billion, a PE ratio of 22.01, a PEG ratio of 1.99 and a beta of 0.87. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, August 25th. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Donaldson’s quarterly revenue was up 8.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 4.33 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid 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 dividend yield of 1.5%. Donaldson’s payout ratio is currently 33.25%.

Analyst Upgrades and Downgrades

DCI has been the subject of a number of analyst reports. Robert W. Baird raised their target price on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $95.00 target price on Donaldson in a research note on Friday, August 28th. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Morgan Stanley raised their price objective on shares of Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note 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. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Moderate Buy” and a consensus price target of $101.67.

Donaldson Profile

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.