First Republic Investment Management Inc. Acquires 1,216 Shares of Donaldson Company, Inc. (NYSE:DCI)

First Republic Investment Management Inc. grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCIGet Rating) by 10.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 13,404 shares of the industrial products company’s stock after buying an additional 1,216 shares during the period. First Republic Investment Management Inc.’s holdings in Donaldson were worth $794,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Gladius Capital Management LP bought a new stake in shares of Donaldson in the 4th quarter valued at $142,000. Brinker Capital Investments LLC bought a new stake in Donaldson in the fourth quarter valued at $314,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Donaldson by 63.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 2,984 shares of the industrial products company’s stock valued at $177,000 after purchasing an additional 1,161 shares during the period. Raymond James & Associates boosted its position in shares of Donaldson by 8.4% during the 4th quarter. Raymond James & Associates now owns 220,911 shares of the industrial products company’s stock worth $13,091,000 after purchasing an additional 17,136 shares in the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Donaldson by 12.1% in the 4th quarter. CIBC Asset Management Inc now owns 5,972 shares of the industrial products company’s stock valued at $354,000 after buying an additional 644 shares during the period. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Shares of Donaldson stock opened at $49.66 on Friday. Donaldson Company, Inc. has a 52 week low of $48.13 and a 52 week high of $69.35. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $51.28 and a 200-day moving average price of $55.31. The company has a market cap of $6.14 billion, a PE ratio of 19.86, a price-to-earnings-growth ratio of 1.71 and a beta of 1.28.

Donaldson (NYSE:DCIGet Rating) last released its quarterly earnings results on Wednesday, March 2nd. The industrial products company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The company had revenue of $802.50 million during the quarter, compared to analysts’ expectations of $770.36 million. Donaldson had a net margin of 10.24% and a return on equity of 28.09%. The company’s quarterly revenue was up 18.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, research analysts anticipate that Donaldson Company, Inc. will post 2.7 EPS for the current year.

Several research analysts have issued reports on DCI shares. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, April 28th. Robert W. Baird cut their target price on Donaldson from $70.00 to $65.00 in a report on Thursday, March 3rd. Finally, William Blair restated a “market perform” rating on shares of Donaldson in a report on Thursday, March 3rd. Two equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $66.67.

Donaldson Profile (Get Rating)

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

Further Reading

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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