OneDigital Investment Advisors LLC Takes $919,000 Position in Donaldson Company, Inc. $DCI

OneDigital Investment Advisors LLC purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 10,236 shares of the industrial products company’s stock, valued at approximately $919,000.

Other large investors have also modified their holdings of the company. State Street Corp increased its stake in shares of Donaldson by 0.7% in the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock valued at $362,132,000 after purchasing an additional 36,866 shares during the period. Geode Capital Management LLC boosted its position in shares of Donaldson by 0.6% during 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 buying an additional 15,674 shares during the period. Morgan Stanley boosted its position 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 worth $225,389,000 after buying an additional 47,062 shares during the period. Fuller & Thaler Asset Management Inc. grew its holdings in Donaldson by 22.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock worth $187,037,000 after buying an additional 380,419 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in Donaldson by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock worth $178,224,000 after buying an additional 15,799 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Donaldson Trading Down 1.2%

Shares of NYSE:DCI opened at $94.78 on Tuesday. The company has a 50 day moving average of $90.68 and a 200-day moving average of $90.95. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The firm has a market cap of $10.99 billion, a P/E ratio of 25.48, a P/E/G ratio of 2.19 and a beta of 0.92. Donaldson Company, Inc. has a twelve month low of $72.95 and a twelve month high of $112.84.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, beating 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 business had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same quarter last year, the business earned $0.99 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

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%.

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.