Claro Advisors LLC Raises Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Claro Advisors LLC boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,461 shares of the industrial products company’s stock after acquiring an additional 235 shares during the period. Claro Advisors LLC’s holdings in Donaldson were worth $781,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Lindbrook Capital LLC increased its position in shares of Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. SFE Investment Counsel grew its stake in Donaldson by 0.3% during the 4th quarter. SFE Investment Counsel now owns 84,416 shares of the industrial products company’s stock valued at $5,517,000 after acquiring an additional 261 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in Donaldson by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 59,954 shares of the industrial products company’s stock worth $3,576,000 after purchasing an additional 289 shares in the last quarter. Blue Trust Inc. grew its position in shares of Donaldson by 65.5% in the fourth quarter. Blue Trust Inc. now owns 753 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 298 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in Donaldson by 3.6% during the fourth quarter. Mackenzie Financial Corp now owns 8,902 shares of the industrial products company’s stock worth $582,000 after buying an additional 311 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Price Performance

Shares of NYSE:DCI opened at $70.77 on Tuesday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30. Donaldson Company, Inc. has a 12 month low of $57.05 and a 12 month high of $78.03. The firm has a market capitalization of $8.52 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.03 and a beta of 1.05. The company’s fifty day moving average price is $73.33 and its 200 day moving average price is $70.29.

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

Donaldson Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.27 dividend. This is an increase from Donaldson’s previous quarterly dividend of $0.25. This represents a $1.08 annualized dividend and a dividend yield of 1.53%. The ex-dividend date was Monday, June 17th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Wall Street Analyst Weigh In

DCI has been the subject of several analyst reports. Raymond James assumed coverage on Donaldson in a report on Friday. They issued a “market perform” rating for the company. Robert W. Baird cut their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One investment 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average 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.