Van ECK Associates Corp Increases Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Van ECK Associates Corp raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 23.4% during the first quarter, Holdings Channel.com reports. The firm owned 95,550 shares of the industrial products company’s stock after purchasing an additional 18,120 shares during the period. Van ECK Associates Corp’s holdings in Donaldson were worth $7,136,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Envestnet Asset Management Inc. boosted its stake in Donaldson by 49.6% during the third quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock worth $4,968,000 after buying an additional 27,633 shares during the period. LPL Financial LLC boosted its stake in shares of Donaldson by 13.4% in the 3rd quarter. LPL Financial LLC now owns 69,691 shares of the industrial products company’s stock valued at $4,156,000 after buying an additional 8,237 shares during the period. Natixis Advisors L.P. grew its position in shares of Donaldson by 87.3% during the third quarter. Natixis Advisors L.P. now owns 20,731 shares of the industrial products company’s stock worth $1,236,000 after buying an additional 9,660 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of Donaldson by 122.9% during the third quarter. Bank of Nova Scotia now owns 7,160 shares of the industrial products company’s stock worth $427,000 after buying an additional 3,948 shares during the period. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in Donaldson in the third quarter valued at approximately $1,760,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on DCI shares. Raymond James initiated coverage on shares of Donaldson in a report on Friday, June 28th. They set a “market perform” rating for the company. Robert W. Baird decreased their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Donaldson has an average rating of “Hold” and an average price target of $67.67.

Insider Buying and Selling at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 2.58% of the company’s stock.

Donaldson Price Performance

DCI stock opened at $70.06 on Friday. The company has a current ratio of 1.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $8.44 billion, a P/E ratio of 21.69, a PEG ratio of 2.01 and a beta of 1.05. The business has a 50 day simple moving average of $73.21 and a 200-day simple moving average of $70.37. Donaldson Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03.

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. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. The firm had revenue of $927.90 million during the quarter, compared to analysts’ expectations of $915.84 million. During the same quarter in the prior year, the business earned $0.76 EPS. Donaldson’s quarterly revenue was up 6.0% compared to the same quarter last year. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.37 EPS for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.54%. This is a boost from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, June 17th. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

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.