TD Asset Management Inc Raises Stock Position in Donaldson Company, Inc. (NYSE:DCI)

TD Asset Management Inc lifted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 23.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,920,651 shares of the industrial products company’s stock after buying an additional 367,705 shares during the quarter. TD Asset Management Inc’s holdings in Donaldson were worth $143,434,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Park Place Capital Corp purchased a new stake in shares of Donaldson during the 1st quarter worth approximately $27,000. Fortitude Family Office LLC purchased a new stake in shares of Donaldson during the 4th quarter worth approximately $27,000. YHB Investment Advisors Inc. purchased a new stake in shares of Donaldson during the 1st quarter worth approximately $32,000. Lindbrook Capital LLC lifted its position in shares of Donaldson by 58.2% during the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after buying an additional 174 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in shares of Donaldson by 1,252.6% in the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 476 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the transaction, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is owned by corporate insiders.

Donaldson Price Performance

NYSE DCI traded down $0.53 during trading hours on Thursday, reaching $73.85. The company’s stock had a trading volume of 88,196 shares, compared to its average volume of 492,875. The stock has a market cap of $8.89 billion, a PE ratio of 23.20, a PEG ratio of 2.12 and a beta of 1.05. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The company’s 50-day moving average is $72.94 and its two-hundred day moving average is $70.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 1.91.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.08. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. The company had revenue of $927.90 million for the quarter, compared to analysts’ expectations of $915.84 million. During the same period last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. Analysts forecast that Donaldson Company, Inc. will post 3.37 EPS for the current year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a dividend of $0.27 per share. This is a boost from Donaldson’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.46%. The ex-dividend date was Monday, June 17th. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of recent research reports. Raymond James started coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Robert W. Baird cut their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $67.67.

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.