First Nebraska Trust Co Buys Shares of 81,307 Donaldson Company, Inc. $DCI

First Nebraska Trust Co purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 81,307 shares of the industrial products company’s stock, valued at approximately $7,299,000. First Nebraska Trust Co owned about 0.07% of Donaldson as of its most recent filing with the SEC.

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

Donaldson Stock Up 0.8%

DCI stock opened at $93.19 on Friday. The stock’s 50 day simple moving average is $91.30 and its 200 day simple moving average is $90.77. The company has a market cap of $10.80 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. Donaldson Company, Inc. has a fifty-two week low of $73.88 and a fifty-two week high of $112.84.

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

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is presently 34.41%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DCI. Robert W. Baird increased their price target on Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. Stifel Nicolaus dropped their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Wells Fargo & Company set a $91.00 target price on Donaldson in a report on Thursday, June 4th. Three research 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 stock has a consensus rating of “Moderate Buy” and an average price target of $99.50.

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.