81,307 Shares in Donaldson Company, Inc. $DCI Purchased by First Nebraska Trust Co

First Nebraska Trust Co purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 81,307 shares of the industrial products company’s stock, valued at approximately $7,299,000.

A number of other hedge funds have also added to or reduced their stakes in DCI. Allworth Financial LP bought a new stake in Donaldson during the 2nd quarter worth approximately $29,000. Trust Co. of Vermont bought a new position in shares of Donaldson in the second quarter valued at approximately $31,000. Leonteq Securities AG purchased a new position in shares of Donaldson during the fourth quarter valued at approximately $40,000. Clearstead Advisors LLC boosted its position in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after buying an additional 288 shares during the last quarter. Finally, Strive Financial Group LLC bought a new stake in Donaldson during the fourth quarter worth $57,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus cut their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Robert W. Baird increased their target price on shares of Donaldson from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently 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 company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The firm has a market cap of $10.80 billion, a PE ratio of 25.05, a P/E/G ratio of 2.13 and a beta of 0.92. The business has a 50 day moving average of $91.30 and a 200-day moving average of $90.77. Donaldson Company, Inc. has a 12-month low of $73.88 and a 12-month high of $112.84.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same period last year, the company posted $0.99 earnings per share. Donaldson’s quarterly revenue was up 5.9% compared to the same quarter last year. As a group, sell-side analysts expect 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. Stockholders of record on Monday, August 17th will be paid 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 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.