Dorsey & Whitney Trust CO LLC Sells 8,770 Shares of Donaldson Company, Inc. $DCI

Dorsey & Whitney Trust CO LLC decreased its stake in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 17.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,111 shares of the industrial products company’s stock after selling 8,770 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Donaldson were worth $3,556,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of DCI. William Blair Investment Management LLC boosted its stake in shares of Donaldson by 26,235.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock valued at $151,420,000 after purchasing an additional 1,701,387 shares in the last quarter. Norges Bank bought a new stake in shares of Donaldson during the 4th quarter valued at about $120,186,000. Victory Capital Management Inc. boosted its stake in shares of Donaldson by 6,069.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock valued at $96,492,000 after purchasing an additional 1,159,777 shares in the last quarter. Arbejdsmarkedets Tillaegspension bought a new stake in shares of Donaldson during the 4th quarter valued at about $22,872,000. Finally, Robeco Institutional Asset Management B.V. bought a new stake in shares of Donaldson during the 4th quarter valued at about $17,105,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

DCI opened at $83.75 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a market capitalization of $9.71 billion, a P/E ratio of 22.51, a P/E/G ratio of 2.18 and a beta of 0.95. The company’s 50-day simple moving average is $85.77 and its two-hundred day simple moving average is $91.75. Donaldson Company, Inc. has a 52-week low of $67.71 and a 52-week high of $112.84.

Donaldson (NYSE:DCIGet Free Report) last released its quarterly earnings data on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm had revenue of $995.10 million during the quarter, compared to analysts’ expectations of $973.65 million. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. As a group, analysts predict that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.32 per share. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Donaldson’s dividend payout ratio is presently 34.41%.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 13,753 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the transaction, the director directly owned 22,565 shares of the company’s stock, valued at $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 19,800 shares of company stock worth $1,765,184 over the last three months. 2.20% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Stifel Nicolaus dropped their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research note on Thursday, June 4th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Saturday, June 6th. Finally, UBS Group set a $96.00 price objective on shares of Donaldson in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $97.83.

Check Out Our Latest Research Report on Donaldson

Donaldson 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

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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