Gallagher Fiduciary Advisors LLC Invests $642,000 in Donaldson Company, Inc. $DCI

Gallagher Fiduciary Advisors LLC acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 7,152 shares of the industrial products company’s stock, valued at approximately $642,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. First Nebraska Trust Co acquired a new position in shares of Donaldson during the second quarter worth approximately $7,299,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Donaldson by 3,094.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company’s stock worth $3,934,000 after acquiring an additional 42,988 shares during the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Donaldson in the fourth quarter worth $1,494,000. BlackRock Inc. bought a new position in Donaldson during the second quarter worth $1,072,012,000. Finally, Swedbank AB increased its position in Donaldson by 2.6% during the fourth quarter. Swedbank AB now owns 528,100 shares of the industrial products company’s stock worth $46,821,000 after acquiring an additional 13,300 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Up 0.9%

DCI opened at $93.29 on Wednesday. Donaldson Company, Inc. has a fifty-two week low of $75.58 and a fifty-two week high of $112.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. The firm’s fifty day moving average price is $91.55 and its two-hundred day moving average price is $90.52. The company has a market capitalization of $10.81 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.11 and a beta of 0.92.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $995.10 million during 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 was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.99 EPS. On average, analysts anticipate that Donaldson Company, Inc. will post 3.96 EPS for the current 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. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson’s dividend payout ratio is 34.41%.

Analysts Set New Price Targets

A number of analysts have weighed in on DCI shares. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a report on Thursday, June 4th. 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 reduced their target price 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. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Finally, Robert W. Baird boosted their price target on Donaldson from $95.00 to $105.00 and gave the company an “outperform” rating in a research note on Wednesday, August 19th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $99.50.

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.