New England Research & Management Inc. Acquires Shares of 20,200 Donaldson Company, Inc. (NYSE:DCI)

New England Research & Management Inc. acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,200 shares of the industrial products company’s stock, valued at approximately $1,509,000.

Several other large investors also recently bought and sold shares of the company. Janiczek Wealth Management LLC grew its position in Donaldson by 17.2% in the first quarter. Janiczek Wealth Management LLC now owns 2,556 shares of the industrial products company’s stock valued at $191,000 after acquiring an additional 376 shares in the last quarter. Sunbelt Securities Inc. acquired a new stake in Donaldson in the first quarter valued at approximately $52,000. Riverview Trust Co acquired a new stake in Donaldson in the first quarter valued at approximately $46,000. FCF Advisors LLC boosted its stake in shares of Donaldson by 49.8% during the 1st quarter. FCF Advisors LLC now owns 20,645 shares of the industrial products company’s stock valued at $1,542,000 after buying an additional 6,867 shares during the last quarter. Finally, Confluence Investment Management LLC purchased a new position in shares of Donaldson during the 1st quarter valued at approximately $25,018,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of DCI opened at $71.56 on Friday. The business’s fifty day moving average price is $73.36 and its 200 day moving average price is $70.15. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The stock has a market capitalization of $8.62 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The firm had revenue of $927.90 million for the quarter, compared to analysts’ expectations of $915.84 million. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 6.0% on a year-over-year basis. Equities research analysts forecast that Donaldson Company, Inc. will post 3.37 EPS for the current year.

Donaldson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a $0.27 dividend. The ex-dividend date of this dividend was Monday, June 17th. This is a positive change from Donaldson’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a yield of 1.51%. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Analyst Ratings Changes

DCI has been the subject of several research analyst reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Raymond James started coverage on Donaldson in a research note on Friday. They set a “market perform” rating for the company. Finally, Robert W. Baird reduced their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.67.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.