PineStone Asset Management Inc. Has $12.36 Million Position in Donaldson Company, Inc. $DCI

PineStone Asset Management Inc. cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.6% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 139,361 shares of the industrial products company’s stock after selling 11,500 shares during the period. PineStone Asset Management Inc.’s holdings in Donaldson were worth $12,356,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. JPMorgan Chase & Co. increased its stake in shares of Donaldson by 5.4% in the third quarter. JPMorgan Chase & Co. now owns 490,001 shares of the industrial products company’s stock worth $40,108,000 after acquiring an additional 25,156 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Donaldson by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock valued at $105,040,000 after purchasing an additional 123,000 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Donaldson by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company’s stock valued at $163,218,000 after purchasing an additional 20,478 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new position in Donaldson in the 3rd quarter worth about $3,068,000. Finally, First National Bank of Omaha acquired a new position in Donaldson in the 3rd quarter worth about $483,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Trading Up 2.6%

NYSE:DCI opened at $84.75 on Wednesday. The company’s 50 day moving average is $97.08 and its 200-day moving average is $90.86. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $112.84. The firm has a market cap of $9.81 billion, a price-to-earnings ratio of 26.48, a P/E/G ratio of 2.08 and a beta of 1.02.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, February 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.07). Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The firm had revenue of $896.30 million for the quarter, compared to the consensus estimate of $898.64 million. During the same period in the prior year, the company posted $0.83 earnings per share. Donaldson’s quarterly revenue was up 3.0% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.930-4.010 EPS. Equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Thursday, February 12th. Donaldson’s dividend payout ratio is 37.50%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on DCI shares. UBS Group set a $96.00 price target on Donaldson in a research note on Tuesday, February 24th. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Jefferies Financial Group raised their price objective on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Morgan Stanley reduced their target price on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th. Finally, Stifel Nicolaus boosted their target price on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $100.20.

About Donaldson

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.