119,625 Shares in Donaldson Company, Inc. $DCI Purchased by Corient Private Wealth LP

Corient Private Wealth LP acquired 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 acquired 119,625 shares of the industrial products company's stock, valued at approximately $10,739,000. Corient Private Wealth LP owned about 0.10% of Donaldson as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Donaldson during the 2nd quarter worth approximately $1,072,012,000. State Street Corp lifted its stake in Donaldson by 0.7% in the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company's stock valued at $362,132,000 after purchasing an additional 36,866 shares during the last quarter. Geode Capital Management LLC grew its holdings in Donaldson by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company's stock valued at $252,386,000 after purchasing an additional 15,674 shares during the period. Morgan Stanley grew its holdings in Donaldson by 1.9% during the fourth quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company's stock valued at $225,389,000 after purchasing an additional 47,062 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its position in Donaldson by 22.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company's stock worth $187,037,000 after buying an additional 380,419 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Performance

Shares of DCI opened at $91.81 on Friday. The stock's 50-day simple moving average is $92.01 and its 200 day simple moving average is $90.33. The stock has a market capitalization of $10.64 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth 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. Donaldson Company, Inc. has a 52-week low of $78.52 and a 52-week high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results 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. The business had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The firm's revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Research analysts forecast that Donaldson Company, Inc. will post 4.32 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson's dividend payout ratio (DPR) is 33.25%.

Analyst Ratings Changes

DCI has been the topic of several research reports. Wells Fargo & Company set a $91.00 target price on Donaldson in a research note on Thursday, June 4th. Stifel Nicolaus set a $95.00 price objective on Donaldson in a report on Friday. 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 note on Thursday. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Finally, Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.00.

Donaldson 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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