Royal Bank of Canada Raises Stock Holdings in Donaldson Company, Inc. $DCI

Royal Bank of Canada grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 24.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,084 shares of the industrial products company’s stock after acquiring an additional 32,153 shares during the quarter. Royal Bank of Canada owned about 0.14% of Donaldson worth $13,756,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Pictet Asset Management Holding SA lifted its position in Donaldson by 10,438.1% during the first 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 grew 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 purchasing an additional 1,701,387 shares during the period. Norges Bank purchased a new stake in Donaldson during the 4th quarter valued at $120,186,000. Fuller & Thaler Asset Management Inc. raised its stake in Donaldson by 22.0% during the 4th 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 buying an additional 380,419 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension bought a new position in shares of Donaldson during the 4th quarter valued at $22,872,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

NYSE:DCI opened at $98.72 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The business’s 50-day simple moving average is $89.25 and its two-hundred day simple moving average is $91.24. The stock has a market cap of $11.44 billion, a PE ratio of 26.54, a P/E/G ratio of 2.25 and a beta of 0.92. Donaldson Company, Inc. has a 52 week low of $71.79 and a 52 week high of $112.84.

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

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.3%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio is presently 34.41%.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of recent research reports. Stifel Nicolaus lowered their target price on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, August 1st. Finally, Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.83.

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.