Palisade Capital Management LLC NJ Makes New Investment in Donaldson Company, Inc. (NYSE:DCI)

Palisade Capital Management LLC NJ purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCIGet Rating) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 5,432 shares of the industrial products company’s stock, valued at approximately $282,000.

A number of other hedge funds also recently bought and sold shares of the business. State Street Corp lifted its position in shares of Donaldson by 8.0% in the fourth quarter. State Street Corp now owns 5,560,460 shares of the industrial products company’s stock valued at $329,513,000 after acquiring an additional 410,487 shares in the last quarter. Boston Trust Walden Corp lifted its position in shares of Donaldson by 4.6% in the first quarter. Boston Trust Walden Corp now owns 2,540,088 shares of the industrial products company’s stock valued at $131,907,000 after acquiring an additional 112,333 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Donaldson by 132.2% in the fourth quarter. American Century Companies Inc. now owns 1,803,843 shares of the industrial products company’s stock valued at $106,895,000 after acquiring an additional 1,026,890 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Donaldson by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 1,713,135 shares of the industrial products company’s stock valued at $101,520,000 after acquiring an additional 137,281 shares in the last quarter. Finally, Impax Asset Management Group plc lifted its position in shares of Donaldson by 2.1% in the fourth quarter. Impax Asset Management Group plc now owns 1,481,008 shares of the industrial products company’s stock valued at $86,935,000 after acquiring an additional 29,907 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DCI. Morgan Stanley decreased their target price on Donaldson from $68.00 to $63.00 and set an “overweight” rating on the stock in a research report on Monday, July 18th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 12th. Robert W. Baird decreased their target price on Donaldson from $65.00 to $61.00 and set an “outperform” rating on the stock in a research report on Thursday, June 2nd. Finally, Stifel Nicolaus cut their price target on Donaldson from $53.00 to $51.00 in a report on Monday, July 18th.

Insiders Place Their Bets

In other Donaldson news, Director Willard D. Oberton sold 7,200 shares of the firm’s stock in a transaction on Thursday, June 2nd. The stock was sold at an average price of $53.09, for a total transaction of $382,248.00. Following the completion of the sale, the director now owns 23,903 shares of the company’s stock, valued at $1,269,010.27. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.52% of the stock is owned by insiders.

Donaldson Price Performance

NYSE:DCI opened at $54.60 on Friday. Donaldson Company, Inc. has a one year low of $46.00 and a one year high of $69.35. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.41 and a current ratio of 2.25. The stock has a market cap of $6.71 billion, a PE ratio of 21.75, a P/E/G ratio of 1.70 and a beta of 1.26. The stock has a 50 day moving average price of $50.32 and a 200 day moving average price of $51.58.

Donaldson (NYSE:DCIGet Rating) last posted its quarterly earnings results on Wednesday, June 1st. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.05). Donaldson had a net margin of 9.91% and a return on equity of 28.15%. The company had revenue of $853.20 million during the quarter, compared to analyst estimates of $823.99 million. During the same period in the prior year, the business posted $0.66 EPS. Donaldson’s revenue for the quarter was up 11.5% compared to the same quarter last year. Equities research analysts expect that Donaldson Company, Inc. will post 2.69 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Shareholders of record on Tuesday, August 16th will be paid a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.92 annualized dividend and a yield of 1.68%. Donaldson’s dividend payout ratio (DPR) is 36.65%.

Donaldson Profile

(Get Rating)

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

Featured Articles

Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCIGet Rating).

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

Receive News & Ratings for Donaldson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson and related companies with MarketBeat.com's FREE daily email newsletter.