New England Research & Management Inc. Acquires Shares of 20,200 Donaldson Company, Inc. (NYSE:DCI)

New England Research & Management Inc. acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,200 shares of the industrial products company’s stock, valued at approximately $1,509,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fortitude Family Office LLC purchased a new position in Donaldson during the fourth quarter valued at $27,000. Lindbrook Capital LLC lifted its holdings in Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 174 shares in the last quarter. Riverview Trust Co purchased a new position in Donaldson during the first quarter valued at $46,000. Sunbelt Securities Inc. purchased a new position in Donaldson during the first quarter valued at $52,000. Finally, Blue Trust Inc. lifted its holdings in Donaldson by 65.5% during the fourth quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 298 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Robert W. Baird reduced their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, Raymond James assumed coverage on shares of Donaldson in a research report on Friday. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $67.67.

Donaldson Price Performance

Shares of NYSE DCI opened at $71.56 on Friday. The firm has a 50-day simple moving average of $73.36 and a 200-day simple moving average of $70.15. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 22.15, a price-to-earnings-growth ratio of 2.02 and a beta of 1.06. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03. The company has a quick ratio of 1.30, a current ratio of 1.91 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The business had revenue of $927.90 million for the quarter, compared to analysts’ expectations of $915.84 million. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. The company’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.76 EPS. On average, equities analysts predict that Donaldson Company, Inc. will post 3.37 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.51%. This is a boost from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, June 17th. Donaldson’s payout ratio is presently 33.44%.

Donaldson 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.