Armstrong Henry H Associates Inc. Increases Position in Donaldson Company, Inc. $DCI

Armstrong Henry H Associates Inc. boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 467.1% during the second quarter, Holdings Channel reports. The fund owned 15,880 shares of the industrial products company’s stock after acquiring an additional 13,080 shares during the period. Armstrong Henry H Associates Inc.’s holdings in Donaldson were worth $1,426,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in DCI. Pictet Asset Management Holding SA increased its position in shares of Donaldson by 10,438.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock valued at $152,873,000 after purchasing an additional 1,784,386 shares during the last quarter. William Blair Investment Management LLC boosted its stake in Donaldson by 26,235.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock worth $151,420,000 after buying an additional 1,701,387 shares in the last quarter. Norges Bank purchased a new stake in Donaldson in the fourth quarter worth approximately $120,186,000. Fuller & Thaler Asset Management Inc. grew its position in Donaldson by 22.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock valued at $187,037,000 after acquiring an additional 380,419 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new position in Donaldson during the fourth quarter valued at approximately $22,872,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on DCI. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research note on Thursday, June 4th. Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Stifel Nicolaus lowered their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $97.83.

Donaldson Trading Up 1.0%

NYSE:DCI opened at $98.26 on Friday. The firm has a market capitalization of $11.39 billion, a P/E ratio of 26.41, a P/E/G ratio of 2.22 and a beta of 0.92. 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 company has a fifty day moving average of $88.91 and a 200 day moving average of $91.18. Donaldson Company, Inc. has a 52 week low of $71.74 and a 52 week high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings results 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. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The business had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same quarter last year, the firm earned $0.99 EPS. The company’s revenue was up 5.9% on a year-over-year basis. On average, research analysts predict that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. Donaldson’s dividend payout ratio (DPR) is presently 34.41%.

Donaldson Company Profile

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.