Donaldson Company, Inc. $DCI Shares Sold by American Century Companies Inc.

Key Points

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American Century Companies Inc. reduced its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,491,797 shares of the industrial products company's stock after selling 74,538 shares during the period. American Century Companies Inc. owned approximately 1.25% of Donaldson worth $100,040,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of DCI. Colonial Trust Co SC acquired a new stake in Donaldson during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Donaldson during the first quarter valued at about $29,000. Johnson Financial Group Inc. increased its position in shares of Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after acquiring an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Donaldson in the fourth quarter valued at approximately $42,000. Finally, CX Institutional purchased a new position in shares of Donaldson in the first quarter valued at approximately $53,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on DCI shares. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Robert W. Baird raised their price objective on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $70.00.

Donaldson Stock Up 2.5%

Shares of Donaldson stock traded up $1.8450 during trading hours on Friday, hitting $75.7350. The company had a trading volume of 476,217 shares, compared to its average volume of 577,574. The company's 50-day moving average is $71.18 and its two-hundred day moving average is $68.84. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The company has a market cap of $8.82 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 1.81 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The business had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. During the same quarter in the prior year, the business posted $0.92 EPS. The company's revenue for the quarter was up 1.3% on a year-over-year basis. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. Analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Donaldson's dividend payout ratio is presently 40.27%.

Donaldson Company Profile

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.