Sunbelt Securities Inc. Purchases New Position in Donaldson Company, Inc. (NYSE:DCI)

Sunbelt Securities Inc. acquired a new position in Donaldson Company, Inc. (NYSE:DCI) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 700 shares of the industrial products company’s stock, valued at approximately $52,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DCI. Fortitude Family Office LLC purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $27,000. Lindbrook Capital LLC grew its position in shares of Donaldson by 58.2% in 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 period. Blue Trust Inc. increased its stake in shares of Donaldson by 65.5% in the 4th quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 298 shares in the last quarter. Riverview Trust Co purchased a new position in Donaldson during the 1st quarter valued at about $46,000. Finally, GAMMA Investing LLC bought a new stake in Donaldson during the fourth quarter worth about $55,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

DCI stock opened at $71.56 on Monday. The stock’s 50 day simple moving average is $73.36 and its 200 day simple moving average is $70.25. The company has a current ratio of 1.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The stock has a market capitalization of $8.62 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 2.03 and a beta of 1.06.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $927.90 million during the quarter, compared to the consensus estimate of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. Donaldson’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same period last year, the company earned $0.76 EPS. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.36 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.27 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, June 17th. This represents a $1.08 dividend on an annualized basis and a yield of 1.51%. Donaldson’s dividend payout ratio is 33.44%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Raymond James initiated coverage on Donaldson in a research note on Friday. They set a “market perform” rating for the company. Finally, Robert W. Baird cut their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus 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.