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

Palisade Capital Management LLC NJ purchased a new stake in Donaldson Company, Inc. (NYSE:DCIGet Rating) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,432 shares of the industrial products company’s stock, valued at approximately $282,000.

Several other institutional investors have also recently added to or reduced their stakes in DCI. Column Capital Advisors LLC increased its position in Donaldson by 37.4% during the 4th quarter. Column Capital Advisors LLC now owns 1,000 shares of the industrial products company’s stock worth $59,000 after purchasing an additional 272 shares during the period. Baird Financial Group Inc. increased its position in Donaldson by 0.8% during the 4th quarter. Baird Financial Group Inc. now owns 38,748 shares of the industrial products company’s stock worth $2,296,000 after purchasing an additional 312 shares during the period. Blair William & Co. IL increased its position in Donaldson by 2.1% during the 4th quarter. Blair William & Co. IL now owns 17,317 shares of the industrial products company’s stock worth $1,026,000 after purchasing an additional 352 shares during the period. Avantax Advisory Services Inc. increased its position in Donaldson by 9.4% during the 1st quarter. Avantax Advisory Services Inc. now owns 4,650 shares of the industrial products company’s stock worth $242,000 after purchasing an additional 400 shares during the period. Finally, Advisor Group Holdings Inc. increased its position in Donaldson by 4.1% during the 4th quarter. Advisor Group Holdings Inc. now owns 10,812 shares of the industrial products company’s stock worth $640,000 after purchasing an additional 422 shares during the period. Institutional investors and hedge funds own 76.84% of the company’s stock.

Insider Activity at Donaldson

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

Wall Street Analyst Weigh In

Several equities analysts have issued reports on DCI shares. Morgan Stanley dropped 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. Robert W. Baird decreased their price target on Donaldson from $65.00 to $61.00 and set an “outperform” rating on the stock in a research note on Thursday, June 2nd. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Sunday, June 12th. Finally, Stifel Nicolaus decreased their price target on Donaldson from $53.00 to $51.00 in a research note on Monday, July 18th.

Donaldson Price Performance

Shares of NYSE:DCI opened at $54.60 on Friday. The business’s 50 day simple moving average is $50.32 and its 200-day simple moving average is $51.58. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 21.75, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.25 and a quick ratio of 1.41. Donaldson Company, Inc. has a 12 month low of $46.00 and a 12 month high of $69.35.

Donaldson (NYSE:DCIGet Rating) last posted its earnings results on Wednesday, June 1st. The industrial products company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $823.99 million. During the same period in the previous year, the company posted $0.66 EPS. Donaldson’s quarterly revenue was up 11.5% compared to the same quarter last year. As a group, equities analysts forecast that Donaldson Company, Inc. will post 2.69 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be paid a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date is Monday, August 15th. Donaldson’s payout ratio is currently 36.65%.

Donaldson Profile

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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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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