AXQ Capital LP Takes $3.36 Million Position in Donaldson Company, Inc. $DCI

Key Points

• AXQ Capital LP acquired 37,402 shares of Donaldson Company, valued at approximately $3.36 million. Institutional investors collectively own 82.81% of DCI’s outstanding stock.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and an average price target of $101.00; Robert W. Baird raised its target to $110.00.
• Donaldson exceeded quarterly earnings expectations, reporting $1.15 EPS and $1.06 billion in revenue, while revenue increased 8% year over year. The company also pays a quarterly dividend of $0.32 per share, equivalent to a 1.4% annual yield.

AXQ Capital LP acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 37,402 shares of the industrial products company's stock, valued at approximately $3,358,000.

Several other institutional investors and hedge funds have also made changes to their positions in DCI. Royal Bank of Canada raised its position in shares of 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 during the period. Integrated Wealth Concepts LLC raised its stake in shares of Donaldson by 16.5% in the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company's stock valued at $233,000 after acquiring an additional 494 shares during the period. Millennium Management LLC lifted its holdings in shares of Donaldson by 428.6% during the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock valued at $15,020,000 after acquiring an additional 181,602 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in Donaldson by 29.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company's stock worth $18,745,000 after purchasing an additional 62,864 shares during the period. Finally, EverSource Wealth Advisors LLC raised its position in Donaldson by 84.9% in the second quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company's stock valued at $141,000 after purchasing an additional 933 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently issued reports on DCI shares. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research note on Friday, August 28th. Robert W. Baird lifted their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Wall Street Zen upgraded shares of Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Finally, Wells Fargo & Company set a $91.00 target price on Donaldson in a research note 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 stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $101.00.

Donaldson Price Performance

Shares of NYSE:DCI opened at $90.56 on Friday. The firm's 50 day moving average is $92.32 and its two-hundred day moving average is $89.65. The firm has a market capitalization of $10.50 billion, a P/E ratio of 23.52, a PEG ratio of 2.07 and a beta of 0.92. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a 52 week low of $79.42 and a 52 week high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The business's revenue for the quarter was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company posted $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Analysts anticipate that Donaldson Company, Inc. will post 4.34 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, August 17th. Donaldson's payout ratio is presently 33.25%.

About Donaldson

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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