Donaldson Company, Inc. (NYSE:DCI) Shares Bought by Federated Hermes Inc.

Federated Hermes Inc. lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 13.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 14,787 shares of the industrial products company’s stock after buying an additional 1,729 shares during the quarter. Federated Hermes Inc.’s holdings in Donaldson were worth $1,058,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in DCI. GHP Investment Advisors Inc. lifted its stake in Donaldson by 7.0% in the 2nd quarter. GHP Investment Advisors Inc. now owns 39,621 shares of the industrial products company’s stock valued at $2,835,000 after buying an additional 2,591 shares in the last quarter. DekaBank Deutsche Girozentrale raised its holdings in shares of Donaldson by 0.4% in the second quarter. DekaBank Deutsche Girozentrale now owns 162,553 shares of the industrial products company’s stock worth $11,586,000 after acquiring an additional 674 shares during the last quarter. Jupiter Asset Management Ltd. lifted its position in shares of Donaldson by 91.4% in the second quarter. Jupiter Asset Management Ltd. now owns 370,756 shares of the industrial products company’s stock valued at $26,531,000 after acquiring an additional 177,078 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Donaldson by 4.7% during the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after acquiring an additional 75,733 shares during the last quarter. Finally, Mitchell Sinkler & Starr PA purchased a new stake in Donaldson during the 2nd quarter worth about $332,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Stock Down 1.2 %

NYSE DCI opened at $72.30 on Friday. The business has a 50 day moving average price of $72.46 and a two-hundred day moving average price of $72.90. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The stock has a market cap of $8.71 billion, a PE ratio of 22.38, a P/E/G ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.49%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio is currently 33.44%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on DCI shares. Robert W. Baird reduced their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. Stifel Nicolaus lowered their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Raymond James initiated coverage on Donaldson in a research note on Friday, June 28th. They set a “market perform” rating for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $69.67.

Insider Activity

In related news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director James Owens sold 5,210 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the sale, the chief financial officer now owns 37,702 shares in the company, valued at $2,675,710.94. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

About Donaldson

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.