Shares of Donaldson Co. (NYSE:DCI) shot up 2.1% during trading on Thursday . The stock traded as high as $34.40 and last traded at $34.26, with a volume of 860,815 shares. The stock had previously closed at $33.57.

Several brokerages have commented on DCI. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Tuesday, May 3rd. TheStreet upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Monday, March 28th. CL King began coverage on shares of Donaldson in a report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price objective for the company. Avondale Partners raised their price objective on shares of Donaldson from $30.00 to $36.00 and gave the stock a “market perform” rating in a report on Monday, March 21st. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Donaldson in a report on Thursday, May 26th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $33.60.

The stock’s 50-day moving average is $34.65 and its 200-day moving average is $31.38. The firm has a market capitalization of $4.63 billion and a PE ratio of 25.15.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.04. The business earned $571.30 million during the quarter, compared to the consensus estimate of $550.79 million. During the same quarter last year, the firm earned $0.36 earnings per share. The business’s quarterly revenue was down .7% on a year-over-year basis. Equities research analysts predict that Donaldson Co. will post $1.54 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 29th. Investors of record on Friday, June 10th were issued a dividend of $0.175 per share. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.70 annualized dividend and a yield of 2.01%. This is a boost from Donaldson’s previous quarterly dividend of $0.17.

In related news, Director Michael J. Hoffman sold 14,400 shares of the company’s stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $36.52, for a total transaction of $525,888.00. Following the transaction, the director now directly owns 40,647 shares in the company, valued at approximately $1,484,428.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Willard D. Oberton sold 7,400 shares of the company’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $36.55, for a total transaction of $270,470.00. Following the transaction, the director now owns 20,501 shares in the company, valued at $749,311.55. The disclosure for this sale can be found here.

A number of institutional investors have recently modified their holdings of the stock. Holland Capital Management LLC purchased a new position in shares of Donaldson during the fourth quarter valued at approximately $1,186,000. Morgan Stanley increased its position in shares of Donaldson by 13.5% in the fourth quarter. Morgan Stanley now owns 130,215 shares of the company’s stock valued at $3,732,000 after buying an additional 15,450 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of Donaldson by 0.8% in the fourth quarter. Mutual of America Capital Management LLC now owns 84,194 shares of the company’s stock valued at $2,413,000 after buying an additional 705 shares during the last quarter. Liberty Mutual Group Asset Management Inc. increased its position in shares of Donaldson by 51.4% in the fourth quarter. Liberty Mutual Group Asset Management Inc. now owns 80,919 shares of the company’s stock valued at $2,319,000 after buying an additional 27,455 shares during the last quarter. Finally, Baillie Gifford & Co. increased its position in shares of Donaldson by 3.8% in the fourth quarter. Baillie Gifford & Co. now owns 263,555 shares of the company’s stock valued at $7,553,000 after buying an additional 9,596 shares during the last quarter.

Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.

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