Confluence Investment Management LLC Acquires New Holdings in Donaldson Company, Inc. (NYSE:DCI)

Confluence Investment Management LLC acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 335,000 shares of the industrial products company’s stock, valued at approximately $25,018,000. Confluence Investment Management LLC owned approximately 0.28% of Donaldson as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of DCI. Fortitude Family Office LLC bought a new stake in shares of Donaldson during the fourth quarter valued at about $27,000. Lindbrook Capital LLC grew its holdings in Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 174 shares during the period. Blue Trust Inc. grew its holdings in Donaldson by 65.5% during the fourth quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 298 shares during the period. GAMMA Investing LLC acquired a new position in Donaldson during the fourth quarter worth about $55,000. Finally, Pacific Center for Financial Services acquired a new position in Donaldson during the third quarter worth about $60,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Up 0.5 %

DCI traded up $0.38 during trading on Tuesday, reaching $72.90. The company had a trading volume of 143,314 shares, compared to its average volume of 490,413. The firm’s 50-day simple moving average is $73.53 and its 200 day simple moving average is $69.60. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 22.55, a PEG ratio of 2.03 and a beta of 1.06. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 1.91.

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

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Monday, June 17th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.48%. The ex-dividend date is Monday, June 17th. This is a boost from Donaldson’s previous quarterly dividend of $0.25. Donaldson’s payout ratio is 30.96%.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Willard D. Oberton sold 4,500 shares of Donaldson stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the transaction, the director now owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.58% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on DCI shares. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Robert W. Baird lowered their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and a consensus price target of $67.25.

Donaldson Company 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.