Public Employees Retirement System of Ohio bought a new stake in Donaldson Company, Inc. (NYSE:DCI – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 39,737 shares of the industrial products company’s stock, valued at approximately $3,567,000.
Other institutional investors also recently modified their holdings of the company. Corient Private Wealth LP purchased a new stake in Donaldson during the 2nd quarter worth about $10,739,000. Ausdal Financial Partners Inc. purchased a new position in Donaldson during the second quarter valued at approximately $298,000. Bank of America Corp DE bought a new stake in Donaldson during the 2nd quarter worth approximately $46,685,000. Freestone Grove Partners LP bought a new position in shares of Donaldson in the second quarter worth $4,715,000. Finally, Caisse de depot et placement du Quebec purchased a new stake in shares of Donaldson in the 2nd quarter valued at about $9,385,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities analysts have commented on the stock. Robert W. Baird boosted their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research report on Friday, August 28th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.
Donaldson Stock Performance
Shares of DCI opened at $90.56 on Friday. The company has a 50-day simple moving average of $92.32 and a two-hundred day simple moving average of $89.65. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41. The firm has a market capitalization of $10.50 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92. Donaldson Company, Inc. has a one year low of $79.42 and a one year high of $112.84.
Donaldson (NYSE:DCI – Get Free Report) last posted its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the business earned $1.03 EPS. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, analysts anticipate that Donaldson Company, Inc. will post 4.34 EPS for the current fiscal year.
Donaldson Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a $0.32 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Donaldson’s dividend payout ratio is 33.25%.
Donaldson Company Profile
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.
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