Hsbc Holdings PLC Purchases New Shares in Donaldson Company, Inc. $DCI

Hsbc Holdings PLC acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 70,448 shares of the industrial products company’s stock, valued at approximately $6,310,000. Hsbc Holdings PLC owned approximately 0.06% of Donaldson as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of DCI. BlackRock Inc. acquired a new stake in shares of Donaldson during the 2nd quarter valued at about $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 worth $152,873,000 after purchasing an additional 1,784,386 shares during the period. William Blair Investment Management LLC raised its holdings in Donaldson by 26,235.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock worth $151,420,000 after purchasing an additional 1,701,387 shares during the period. Norges Bank purchased a new position in Donaldson during the fourth quarter worth approximately $120,186,000. Finally, Bank of New York Mellon Corp purchased a new position in Donaldson during the second quarter worth approximately $95,542,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Trading Down 0.6%

Shares of Donaldson stock opened at $91.81 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.55 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a twelve month low of $78.52 and a twelve month high of $112.84. The firm has a market capitalization of $10.64 billion, a PE ratio of 23.85, a P/E/G ratio of 2.14 and a beta of 0.92. The firm’s 50-day moving average price is $92.01 and its 200 day moving average price is $90.33.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 26th. 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 company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business earned $1.03 EPS. Donaldson’s quarterly revenue 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, sell-side analysts predict that Donaldson Company, Inc. will post 4.32 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s payout ratio is presently 34.41%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Robert W. Baird boosted their price objective on Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a research note on Friday. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research note on Thursday, June 4th. Finally, Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $101.00.

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.