First Nebraska Trust Co Takes Position in Donaldson Company, Inc. $DCI

First Nebraska Trust Co acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 81,512 shares of the industrial products company’s stock, valued at approximately $6,918,000.

Other large investors have also made changes to their positions in the company. Pictet Asset Management Holding SA boosted its stake in Donaldson by 10,438.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock valued at $152,873,000 after purchasing an additional 1,784,386 shares during the period. William Blair Investment Management LLC increased its position in Donaldson by 26,235.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock worth $151,420,000 after buying an additional 1,701,387 shares during the period. Norges Bank acquired a new position in shares of Donaldson during the fourth quarter worth approximately $120,186,000. Fuller & Thaler Asset Management Inc. boosted its position in shares of Donaldson by 22.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock valued at $187,037,000 after acquiring an additional 380,419 shares during the period. Finally, Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Donaldson in the fourth quarter worth $22,872,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on DCI. Stifel Nicolaus dropped their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Donaldson currently has a consensus rating of “Moderate Buy” and an average price target of $97.83.

Donaldson Price Performance

Shares of DCI stock opened at $94.39 on Friday. The stock has a 50 day moving average of $87.82 and a two-hundred day moving average of $91.27. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12 month low of $70.17 and a 12 month high of $112.84. The company has a market capitalization of $10.94 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.38 and a beta of 0.93.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. The company had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.Donaldson’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 EPS. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were paid a dividend of $0.32 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, June 15th. Donaldson’s dividend payout ratio is presently 34.41%.

Donaldson Profile

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.