Ritholtz Wealth Management Raises Stake in Donaldson Company, Inc. $DCI

Ritholtz Wealth Management increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 230.9% in the first quarter, Holdings Channel reports. The firm owned 8,750 shares of the industrial products company’s stock after acquiring an additional 6,106 shares during the period. Ritholtz Wealth Management’s holdings in Donaldson were worth $743,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in Donaldson by 5.4% during the 3rd 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 in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in Donaldson by 3,094.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company’s stock valued at $3,934,000 after acquiring an additional 42,988 shares in the last quarter. Artemis Investment Management LLP acquired a new stake in Donaldson in the fourth quarter valued at approximately $1,494,000. Dimensional Fund Advisors LP raised its stake in shares of Donaldson by 1.0% during 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 during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Donaldson during the fourth quarter valued at approximately $17,105,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 0.3%

DCI stock opened at $88.30 on Tuesday. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The firm has a 50 day simple moving average of $85.57 and a 200-day simple moving average of $91.42. The company has a market capitalization of $10.23 billion, a P/E ratio of 23.74, a PEG ratio of 2.24 and a beta of 0.95. Donaldson Company, Inc. has a twelve month low of $68.96 and a twelve month high of $112.84.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $973.65 million. During the same period in the prior year, the company posted $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. On average, equities research analysts predict that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.32 dividend. This is a boost from Donaldson’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 15th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is currently 34.41%.

Insider Activity at Donaldson

In other news, Director James Owens sold 13,753 shares of the stock in a transaction dated 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 transaction, the director owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 19,800 shares of company stock worth $1,765,184 over the last quarter. Company insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on DCI shares. Morgan Stanley decreased 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. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research note on Thursday, June 4th. Stifel Nicolaus cut their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, Robert W. Baird lowered their target price on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $97.83.

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.