104,544 Shares in Donaldson Company, Inc. $DCI Purchased by Caisse de depot et placement du Quebec

Caisse de depot et placement du Quebec purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 104,544 shares of the industrial products company's stock, valued at approximately $9,385,000. Caisse de depot et placement du Quebec owned 0.09% of Donaldson as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. TIAA Trust National Association raised its holdings in shares of Donaldson by 2.0% in the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company's stock worth $496,000 after buying an additional 108 shares in the last quarter. HB Wealth Management LLC boosted its stake in Donaldson by 3.8% in the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company's stock valued at $297,000 after buying an additional 129 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Donaldson by 2.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company's stock valued at $500,000 after buying an additional 132 shares in the last quarter. Blue Trust Inc. grew its position in Donaldson by 4.8% in the first quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company's stock valued at $248,000 after acquiring an additional 133 shares during the period. Finally, Bessemer Group Inc. grew its position in Donaldson by 8.9% in the first quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company's stock valued at $145,000 after acquiring an additional 139 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Price Performance

Shares of DCI stock opened at $91.81 on Friday. Donaldson Company, Inc. has a 52 week low of $78.52 and a 52 week high of $112.84. The stock has a market capitalization of $10.64 billion, a PE ratio of 23.85, a PEG ratio of 2.13 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.55 and a current ratio of 2.08. The stock's fifty day moving average is $92.01 and its 200-day moving average is $90.33.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.During the same period in the previous year, the business posted $1.03 earnings per share. The firm's revenue for the quarter was up 8.0% compared to the same quarter last year. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Equities research analysts expect that Donaldson Company, Inc. will post 4.32 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid 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 of this dividend is Monday, August 17th. Donaldson's dividend payout ratio is 33.25%.

Analyst Ratings Changes

A number of research analysts have issued reports on DCI shares. Wall Street Zen raised Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a report on Friday. Weiss Ratings upgraded shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Robert W. Baird lifted their price target on shares of Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, Donaldson has an average rating of "Moderate Buy" and an average price target of $101.00.

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.

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