Willis Investment Counsel grew its position in Donaldson Company, Inc. (NYSE:DCI – Free Report) by 9.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 89,360 shares of the industrial products company’s stock after purchasing an additional 7,615 shares during the quarter. Willis Investment Counsel’s holdings in Donaldson were worth $7,778,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of DCI. BlackRock Inc. bought a new stake in shares of Donaldson in the second quarter valued at approximately $1,072,012,000. Pictet Asset Management Holding SA raised its holdings in Donaldson by 10,438.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock valued at $152,873,000 after acquiring an additional 1,784,386 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Donaldson by 0.8% in the 1st quarter. Bank of New York Mellon Corp now owns 1,222,704 shares of the industrial products company’s stock valued at $103,771,000 after acquiring an additional 9,451 shares in the last quarter. Gabelli Funds LLC lifted its position in Donaldson by 1.7% during the first quarter. Gabelli Funds LLC now owns 653,500 shares of the industrial products company’s stock worth $55,463,000 after purchasing an additional 10,850 shares during the period. Finally, Swedbank AB boosted its position in shares of Donaldson by 1.2% during the 1st quarter. Swedbank AB now owns 534,400 shares of the industrial products company’s stock worth $45,355,000 after acquiring an additional 6,300 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.
Analyst Upgrades and Downgrades
DCI has been the subject of several research analyst reports. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Robert W. Baird boosted their target price on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, August 27th. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Stifel Nicolaus set a $95.00 price target on Donaldson in a research note on Friday, August 28th. Finally, Morgan Stanley lifted their price target on shares of Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 29th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $101.67.
View Our Latest Stock Report on Donaldson
Donaldson Stock Performance
NYSE DCI traded down $0.08 during trading on Tuesday, hitting $87.24. 89,281 shares of the company’s stock traded hands, compared to its average volume of 707,126. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. Donaldson Company, Inc. has a 12-month low of $79.61 and a 12-month high of $112.84. The stock has a market capitalization of $10.10 billion, a price-to-earnings ratio of 22.66, a PEG ratio of 2.03 and a beta of 0.87. The business has a 50 day moving average of $89.77 and a 200-day moving average of $88.57.
Donaldson (NYSE:DCI – Get Free Report) last issued its earnings results on Tuesday, August 25th. 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 during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the company earned $1.03 EPS. The firm’s revenue was up 8.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Donaldson Company, Inc. will post 4.33 earnings per share for the current fiscal year.
Donaldson Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is 33.25%.
Donaldson Profile
Donaldson Company, Inc (NYSE: DCI) is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.
Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.
Featured Stories
- Five stocks we like better than Donaldson
- Meta Platforms’ AI Comeback Faces an Earnings Test—And a $10 Billion Charge
- IonQ’s Bold Expansion Could Leave Shareholders Paying the Price
- Powering Up: Applied Digital Execs Buy $6.7M in Stock
- Chip Stocks Are Sliding—Why Is Smart Money Buying?
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:DCI – Free Report).
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.
