First National Bank of Omaha Acquires New Shares in Donaldson Company, Inc. $DCI

First National Bank of Omaha bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 5,904 shares of the industrial products company’s stock, valued at approximately $530,000.

Other hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new stake in shares of Donaldson during the second quarter valued at $31,000. Leonteq Securities AG bought a new position in Donaldson during the 4th quarter valued at about $40,000. Clearstead Advisors LLC boosted its holdings in shares of Donaldson by 92.6% during the 4th 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 during the last quarter. Strive Financial Group LLC bought a new stake in shares of Donaldson in the fourth quarter worth approximately $57,000. Finally, Sachetta LLC purchased a new position in shares of Donaldson during the first quarter valued at approximately $65,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DCI shares. Robert W. Baird raised their target price on shares of Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. Wells Fargo & Company set a $91.00 target price on shares of Donaldson 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. Stifel Nicolaus dropped their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Finally, Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $99.50.

Donaldson Price Performance

NYSE DCI opened at $92.95 on Thursday. The company has a 50-day moving average price of $91.02 and a 200-day moving average price of $90.82. Donaldson Company, Inc. has a 52 week low of $73.63 and a 52 week high of $112.84. 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 firm has a market capitalization of $10.77 billion, a P/E ratio of 24.99, a PEG ratio of 2.15 and a beta of 0.92.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm’s revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.99 earnings per share. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio (DPR) 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.