Seizert Capital Partners LLC Invests $3.91 Million in Donaldson Company, Inc. (NYSE:DCI)

Seizert Capital Partners LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 58,350 shares of the industrial products company’s stock, valued at approximately $3,913,000.

Other large investors have also added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new position in Donaldson during the fourth quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new position in Donaldson during the first quarter worth $29,000. Johnson Financial Group Inc. boosted its holdings in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new stake in Donaldson in the fourth quarter valued at $42,000. Finally, CX Institutional acquired a new stake in Donaldson in the first quarter valued at $53,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE DCI opened at $72.11 on Wednesday. The firm has a 50-day moving average of $69.97 and a 200-day moving average of $68.54. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The stock has a market cap of $8.40 billion, a PE ratio of 24.20, a P/E/G ratio of 1.87 and a beta of 0.98. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $78.95.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04. The company had revenue of $940.10 million during the quarter, compared to analysts’ expectations of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. Donaldson’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.92 EPS. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Tuesday, August 12th. Donaldson’s dividend payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Morgan Stanley reiterated an “underweight” rating and issued a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Stifel Nicolaus cut their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th. Robert W. Baird increased their price target on shares of Donaldson from $76.00 to $78.00 and gave the company an “outperform” rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th.

Donaldson 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.