OneDigital Investment Advisors LLC Takes $919,000 Position in Donaldson Company, Inc. $DCI

OneDigital Investment Advisors LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 10,236 shares of the industrial products company’s stock, valued at approximately $919,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. State Street Corp boosted its holdings in Donaldson by 0.7% during the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after buying an additional 36,866 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Donaldson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock valued at $252,386,000 after buying an additional 15,674 shares in the last quarter. Morgan Stanley lifted its position in shares of Donaldson by 1.9% during the 4th quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock valued at $225,389,000 after acquiring an additional 47,062 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in shares of Donaldson by 22.0% during the 4th 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, Dimensional Fund Advisors LP boosted its stake in shares of Donaldson by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock worth $178,224,000 after acquiring an additional 15,799 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DCI has been the topic of several analyst reports. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus decreased their price objective 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. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research report on Thursday, June 4th. Finally, Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $97.83.

Donaldson Trading Down 1.2%

Shares of NYSE DCI opened at $94.78 on Tuesday. Donaldson Company, Inc. has a one year low of $72.95 and a one year high of $112.84. The firm has a market capitalization of $10.99 billion, a PE ratio of 25.48, a PEG ratio of 2.19 and a beta of 0.92. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $90.68 and a two-hundred day moving average price of $90.95.

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

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio is currently 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.