JPMorgan Chase & Co. Purchases 11,451 Shares of Donaldson Company, Inc. $DCI

JPMorgan Chase & Co. increased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 464,845 shares of the industrial products company’s stock after acquiring an additional 11,451 shares during the period. JPMorgan Chase & Co. owned about 0.40% of Donaldson worth $32,239,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Hantz Financial Services Inc. boosted its holdings in shares of Donaldson by 5,112.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 409 shares in the last quarter. NewSquare Capital LLC bought a new stake in shares of Donaldson during the 2nd quarter worth $34,000. Brooklyn Investment Group boosted its stake in Donaldson by 113.9% in the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after buying an additional 320 shares in the last quarter. Hoese & Co LLP grew its position in Donaldson by 266.7% in the second quarter. Hoese & Co LLP now owns 660 shares of the industrial products company’s stock valued at $46,000 after acquiring an additional 480 shares during the last quarter. Finally, Steph & Co. acquired a new position in Donaldson during the second quarter worth about $46,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Price Performance

Shares of NYSE:DCI opened at $88.26 on Wednesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $90.94. The firm has a market cap of $10.22 billion, a PE ratio of 28.94, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The firm’s fifty day moving average is $84.48 and its 200-day moving average is $77.09.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. The business had revenue of $802.50 million during the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%. Sell-side analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be issued a $0.30 dividend. The ex-dividend date is Friday, December 5th. This represents a $1.20 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio is presently 39.34%.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $72.00 to $84.00 in a research note on Monday, November 24th. Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Finally, Robert W. Baird boosted their price objective on Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Donaldson has an average rating of “Moderate Buy” and an average target price of $86.33.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.