Foster Dykema Cabot & Co. Inc. MA Has $273,000 Stake in Donaldson Company, Inc. (NYSE:DCI)
Foster Dykema Cabot & Co. Inc. MA maintained its position in Donaldson Company, Inc. (NYSE:DCI) during the second quarter, Holdings Channel reports. The institutional investor owned 6,000 shares of the industrial products company’s stock at the end of the second quarter. Foster Dykema Cabot & Co. Inc. MA’s holdings in Donaldson were worth $273,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Clean Yield Group purchased a new position in Donaldson during the first quarter worth approximately $109,000. TrimTabs Asset Management LLC purchased a new position in Donaldson during the first quarter worth approximately $125,000. Schroder Investment Management Group purchased a new position in Donaldson during the first quarter worth approximately $154,000. Mosaic Family Wealth LLC boosted its position in Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock worth $192,000 after buying an additional 123 shares during the period. Finally, Tyers Asset Management LLC boosted its position in Donaldson by 16.5% in the first quarter. Tyers Asset Management LLC now owns 4,416 shares of the industrial products company’s stock worth $201,000 after buying an additional 624 shares during the period. Institutional investors own 78.83% of the company’s stock.
Donaldson Company, Inc. (DCI) opened at 46.49 on Friday. The firm has a market capitalization of $6.09 billion, a PE ratio of 27.67 and a beta of 1.22. Donaldson Company, Inc. has a 1-year low of $35.59 and a 1-year high of $48.91. The firm’s 50-day moving average price is $46.50 and its 200-day moving average price is $45.37.
Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $608.20 million during the quarter, compared to analysts’ expectations of $580.44 million. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.43 EPS. On average, equities research analysts predict that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be issued a dividend of $0.18 per share. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.55%. Donaldson’s payout ratio is presently 41.92%.
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A number of research analysts have commented on DCI shares. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Wednesday, May 31st. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, May 31st. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Stifel Nicolaus restated a “hold” rating and set a $48.00 price target (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $48.25.
In related news, Director Michael J. Hoffman sold 14,400 shares of Donaldson stock in a transaction on Monday, June 19th. The shares were sold at an average price of $46.84, for a total transaction of $674,496.00. Following the transaction, the director now owns 41,473 shares in the company, valued at approximately $1,942,595.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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