Donaldson (NYSE:DCI) Posts Earnings Results, Beats Expectations By $0.04 EPS

Donaldson (NYSE:DCI - Get Free Report) issued its quarterly earnings data on Tuesday. The industrial products company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.95 by $0.04, Zacks reports. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $940.10 million for the quarter, compared to analysts' expectations of $936.02 million. During the same period in the prior year, the company earned $0.92 EPS. The firm's revenue was up 1.3% on a year-over-year basis. Donaldson updated its FY 2025 guidance to 3.640-3.700 EPS.

Donaldson Trading Up 0.4%

DCI traded up $0.26 during midday trading on Wednesday, hitting $69.55. The company's stock had a trading volume of 912,788 shares, compared to its average volume of 565,155. Donaldson has a 52-week low of $57.45 and a 52-week high of $78.95. The firm has a 50-day moving average price of $66.20 and a two-hundred day moving average price of $68.93. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm has a market cap of $8.31 billion, a P/E ratio of 20.22, a PEG ratio of 1.82 and a beta of 1.01.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.73%. This is a positive change from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date is Monday, June 16th. Donaldson's dividend payout ratio (DPR) is presently 31.58%.

Insider Buying and Selling

In related news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the business's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,961,279.48. This trade represents a 50.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Donaldson

Several institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. lifted its holdings in shares of Donaldson by 29.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company's stock valued at $18,745,000 after acquiring an additional 62,864 shares in the last quarter. Millennium Management LLC raised its position in Donaldson by 428.6% in the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock valued at $15,020,000 after purchasing an additional 181,602 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company's stock worth $233,000 after purchasing an additional 494 shares in the last quarter. Finally, Royal Bank of Canada lifted its holdings in Donaldson by 38.2% in the 1st quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company's stock worth $6,848,000 after buying an additional 28,207 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on DCI. Stifel Nicolaus cut their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Robert W. Baird boosted their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, Wall Street Zen lowered Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $69.67.

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.