California State Teachers Retirement System Increases Stock Holdings in Donaldson Company, Inc. $DCI

Key Points

• California State Teachers Retirement System dramatically increased its Donaldson stake by 9,050% in the second quarter, ending with 12.1 million shares worth approximately $1.08 billion, or 10.43% of the company.
• Donaldson exceeded quarterly expectations, reporting $1.15 in EPS and $1.06 billion in revenue, with sales up 8% year over year. The company projects fiscal 2027 EPS of $4.22–$4.38.
• Analysts maintain a favorable outlook, with a consensus “Moderate Buy” rating and an average price target of $101, compared with the reported share price of $89.16. Donaldson also pays a quarterly dividend of $0.32, yielding about 1.4% annually.

California State Teachers Retirement System increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9,050.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 12,085,645 shares of the industrial products company's stock after purchasing an additional 11,953,562 shares during the quarter. California State Teachers Retirement System owned 10.43% of Donaldson worth $1,084,928,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Allworth Financial LP bought a new position in Donaldson during the 2nd quarter valued at about $29,000. Trust Co. of Vermont purchased a new position in shares of Donaldson during the second quarter valued at approximately $31,000. Leonteq Securities AG bought a new position in shares of Donaldson during the fourth quarter valued at approximately $40,000. Clearstead Advisors LLC raised its holdings in shares of Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock worth $53,000 after buying an additional 288 shares during the period. Finally, Strive Financial Group LLC bought a new stake in shares of Donaldson during the 4th quarter worth approximately $57,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Up 1.1%

Shares of NYSE DCI opened at $89.16 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41. The stock has a market capitalization of $10.33 billion, a P/E ratio of 23.16, a price-to-earnings-growth ratio of 2.06 and a beta of 0.92. Donaldson Company, Inc. has a 1-year low of $79.42 and a 1-year high of $112.84. The business has a fifty day moving average price of $92.46 and a 200 day moving average price of $89.01.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.06 billion for 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 firm's quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Equities research analysts expect that Donaldson Company, Inc. will post 4.34 EPS for the current fiscal year.

Donaldson Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently issued reports on DCI shares. Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a research note 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. Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a research note on Friday, August 28th. Robert W. Baird boosted their price target on Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a report on Thursday, August 27th. Finally, Wells Fargo & Company set a $91.00 price objective on Donaldson in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Donaldson presently has a consensus rating of "Moderate Buy" and an average target price of $101.00.

About Donaldson

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts. Founded in 1915, the company develops products that help protect engines, equipment, manufacturing processes and people from airborne and liquid contaminants.

Donaldson's products include air and liquid filters, dust and fume collectors, hydraulic and process filtration systems, exhaust and emissions solutions, and replacement filtration parts. Its technologies are used in applications such as heavy-duty and off-road equipment, agriculture, construction, mining, transportation, power generation, manufacturing, and other industrial operations.

The company serves original equipment manufacturers, distributors and end users through operations and sales channels spanning North America, Europe, Asia-Pacific and other international markets.

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