Donaldson (NYSE:DCI) Raised to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Donaldson (NYSE:DCI) from a hold rating to a buy rating in a research report sent to investors on Friday.

DCI has been the subject of several other reports. Robert W. Baird upped their price objective on Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Donaldson in a research report on Saturday, September 27th. Morgan Stanley upped their price objective on Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus upped their price objective on Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a research report on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $80.33.

Donaldson Trading Down 0.1%

DCI opened at $82.60 on Friday. Donaldson has a 12 month low of $57.45 and a 12 month high of $83.31. The stock has a market capitalization of $9.57 billion, a price-to-earnings ratio of 27.08, a PEG ratio of 1.96 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. The business has a fifty day moving average price of $77.57 and a 200 day moving average price of $71.24.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. The business had revenue of $980.70 million during the quarter, compared to analysts’ expectations of $951.59 million. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. Sell-side analysts expect that Donaldson will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.5%. Donaldson’s dividend payout ratio is currently 39.34%.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 31,900 shares of Donaldson stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the transaction, the director directly owned 29,330 shares in the company, valued at $2,345,226.80. This trade represents a 52.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Guillermo Briseno sold 13,500 shares of Donaldson stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the transaction, the president owned 25,309 shares in the company, valued at approximately $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 63,900 shares of company stock worth $5,129,264. 2.70% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Donaldson

Hedge funds and other institutional investors have recently bought and sold shares of the company. Impax Asset Management Group plc grew its position in Donaldson by 27.5% in the 1st quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company’s stock valued at $58,130,000 after buying an additional 189,580 shares during the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of Donaldson by 22.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company’s stock worth $248,000 after buying an additional 680 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Donaldson by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company’s stock worth $25,478,000 after buying an additional 7,663 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Donaldson by 162.5% during the 1st quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,503 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. raised its stake in shares of Donaldson by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company’s stock worth $372,000 after buying an additional 2,435 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

About Donaldson

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.