Glenview Trust Co Acquires Shares of 8,000 Donaldson Company, Inc. $DCI

Glenview Trust Co acquired a new stake in Donaldson Company, Inc. (NYSE:DCIFree Report) during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor acquired 8,000 shares of the industrial products company’s stock, valued at approximately $718,000.

Several other hedge funds and other institutional investors have also modified their holdings of DCI. Royal Bank of Canada lifted its holdings in shares of Donaldson by 38.2% during the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock valued at $6,848,000 after acquiring an additional 28,207 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after buying an additional 494 shares in the last quarter. Millennium Management LLC raised its stake in shares of Donaldson by 428.6% in the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after acquiring an additional 181,602 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Donaldson by 29.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock worth $18,745,000 after acquiring an additional 62,864 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in Donaldson by 84.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 933 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on DCI shares. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research report on Thursday, June 4th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Stifel Nicolaus set a $95.00 price objective on Donaldson in a report on Friday. Finally, Robert W. Baird upped their price target on Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Donaldson has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Check Out Our Latest Research Report on DCI

Donaldson Trading Down 0.6%

Shares of NYSE DCI opened at $91.81 on Friday. Donaldson Company, Inc. has a twelve month low of $78.52 and a twelve month high of $112.84. The stock has a market cap of $10.64 billion, a price-to-earnings ratio of 23.85, a P/E/G ratio of 2.14 and a beta of 0.92. The company has a quick ratio of 1.55, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The company’s fifty day moving average is $92.01 and its 200-day moving average is $90.33.

Donaldson (NYSE:DCIGet Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business posted $1.03 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Equities research analysts predict that Donaldson Company, Inc. will post 4.32 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Donaldson Company Profile

(Free Report)

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

Further Reading

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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