Dimensional Fund Advisors LP Has $168.77 Million Stake in Donaldson Company, Inc. $DCI

Dimensional Fund Advisors LP decreased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,988,788 shares of the industrial products company’s stock after selling 21,222 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Donaldson were worth $168,770,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in DCI. Northwestern Mutual Wealth Management Co. increased its holdings in shares of Donaldson by 3,094.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company’s stock worth $3,934,000 after buying an additional 42,988 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in shares of Donaldson during the 4th quarter valued at $1,494,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Donaldson during the 4th quarter valued at $17,105,000. Swedbank AB boosted its holdings in shares of Donaldson by 2.6% during the 4th quarter. Swedbank AB now owns 528,100 shares of the industrial products company’s stock valued at $46,821,000 after acquiring an additional 13,300 shares in the last quarter. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new stake in Donaldson during the 4th quarter worth $2,004,000. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on DCI. Stifel Nicolaus dropped their target price on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Finally, Robert W. Baird dropped their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Donaldson presently has a consensus rating of “Moderate Buy” and a consensus price target of $97.83.

Donaldson Stock Performance

NYSE DCI opened at $92.88 on Friday. The company has a market capitalization of $10.77 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.35 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a twelve month low of $70.17 and a twelve month high of $112.84. The stock has a fifty day simple moving average of $86.72 and a 200 day simple moving average of $91.23.

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

Donaldson Increases Dividend

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

Donaldson Company 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.