Heartland Advisors Inc. Invests $11.89 Million in Donaldson Company, Inc. $DCI

Heartland Advisors Inc. acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 132,479 shares of the industrial products company’s stock, valued at approximately $11,893,000.

Several other hedge funds have also added to or reduced their stakes in the business. Royal Bank of Canada grew its holdings in Donaldson by 38.2% during the 1st quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock worth $6,848,000 after acquiring an additional 28,207 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 494 shares during the last quarter. Millennium Management LLC raised its stake in shares of Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after acquiring an additional 181,602 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Donaldson by 29.0% during the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock worth $18,745,000 after purchasing an additional 62,864 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its holdings in shares of Donaldson by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 933 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DCI has been the subject of a number of recent research reports. Stifel Nicolaus decreased their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Robert W. Baird lifted their target price on Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Wells Fargo & Company set a $91.00 price target on Donaldson in a research note on Thursday, June 4th. Finally, Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Donaldson Stock Performance

DCI stock opened at $93.19 on Friday. The firm has a market cap of $10.80 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.11 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 stock has a 50-day moving average price of $91.30 and a 200-day moving average price of $90.77. Donaldson Company, Inc. has a 1-year low of $73.88 and a 1-year high of $112.84.

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

Donaldson Announces Dividend

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