Ceredex Value Advisors LLC Acquires Shares of 373,600 Donaldson Company, Inc. $DCI

Ceredex Value Advisors LLC bought a new position in Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 373,600 shares of the industrial products company’s stock, valued at approximately $33,538,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Trust Co. of Vermont purchased a new position in shares of Donaldson in the 2nd quarter worth about $31,000. Leonteq Securities AG bought a new position in Donaldson in the 4th quarter worth about $40,000. Clearstead Advisors LLC grew its position in Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 288 shares during the last quarter. Strive Financial Group LLC bought a new stake in Donaldson during the 4th quarter valued at about $57,000. Finally, Sachetta LLC bought a new stake in Donaldson during the 1st quarter valued at about $65,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

NYSE DCI opened at $92.34 on Friday. Donaldson Company, Inc. has a one year low of $73.63 and a one year high of $112.84. The stock has a 50-day moving average of $91.16 and a 200 day moving average of $90.75. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The company has a market capitalization of $10.70 billion, a price-to-earnings ratio of 24.82, a PEG ratio of 2.12 and a beta of 0.92.

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

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Donaldson’s dividend payout ratio is 34.41%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on DCI shares. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. 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 report on Thursday, June 4th. Robert W. Baird boosted their price objective on shares of Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company set a $91.00 price objective on Donaldson in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, Donaldson presently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Donaldson 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.