Heartland Advisors Inc. Acquires Shares of 132,479 Donaldson Company, Inc. $DCI

Heartland Advisors Inc. bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 132,479 shares of the industrial products company’s stock, valued at approximately $11,893,000. Heartland Advisors Inc. owned approximately 0.11% of Donaldson as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Keating Financial Advisory Services Inc. bought a new stake in shares of Donaldson in the second quarter valued at approximately $142,000. Allworth Financial LP acquired a new stake in Donaldson during the second quarter worth approximately $29,000. B. Metzler seel. Sohn & Co. AG bought a new position in Donaldson during the 2nd quarter worth $3,679,000. Ceredex Value Advisors LLC bought a new position in Donaldson during the 2nd quarter worth $33,538,000. Finally, Advisors Capital Management LLC acquired a new position in Donaldson in the 2nd quarter valued at $4,007,000. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DCI has been the subject of a number of recent analyst reports. Stifel Nicolaus cut their target price on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Robert W. Baird boosted their price target on Donaldson from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research note on Thursday, June 4th. Finally, Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Donaldson presently has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Donaldson Stock Performance

NYSE:DCI opened at $93.19 on Friday. Donaldson Company, Inc. has a twelve month low of $73.88 and a twelve month 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 stock’s 50-day simple moving average is $91.30 and its 200 day simple moving average is $90.77. The firm has a market capitalization of $10.80 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92.

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

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.32 per share. 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 presently 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.