California State Teachers Retirement System Purchases 2,546 Shares of Donaldson Company, Inc. $DCI

California State Teachers Retirement System grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 134,629 shares of the industrial products company's stock after acquiring an additional 2,546 shares during the quarter. California State Teachers Retirement System owned 0.12% of Donaldson worth $12,085,645 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of DCI. Studio Investment Management LLC boosted its position in shares of Donaldson by 1.6% in the 2nd quarter. Studio Investment Management LLC now owns 11,413 shares of the industrial products company's stock valued at $1,025,000 after purchasing an additional 185 shares during the period. HB Wealth Management LLC lifted its position in Donaldson by 7.1% in the second quarter. HB Wealth Management LLC now owns 3,750 shares of the industrial products company's stock worth $337,000 after purchasing an additional 248 shares during the period. AlphaGrep UK Ltd acquired a new position in Donaldson during the second quarter valued at $258,000. denkapparat Operations GmbH boosted its holdings in shares of Donaldson by 59.4% during the 2nd quarter. denkapparat Operations GmbH now owns 6,190 shares of the industrial products company's stock worth $556,000 after buying an additional 2,306 shares during the period. Finally, AXQ Capital LP acquired a new position in shares of Donaldson in the 2nd quarter worth approximately $3,358,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Down 1.4%

NYSE DCI traded down $1.25 during trading on Tuesday, hitting $86.67. 289,164 shares of the company traded hands, compared to its average volume of 715,603. The company has a market capitalization of $10.05 billion, a P/E ratio of 22.54, a PEG ratio of 2.06 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 12 month low of $79.42 and a 12 month high of $112.84. The business has a fifty day simple moving average of $92.40 and a 200 day simple moving average of $88.75.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly 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 firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The company's revenue was up 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 4.34 EPS for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.32 dividend. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Donaldson's payout ratio is presently 33.25%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a 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, August 27th. Stifel Nicolaus set a $95.00 price objective on Donaldson in a research report on Friday, August 28th. Wall Street Zen upgraded Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Finally, Wells Fargo & Company set a $91.00 price objective on Donaldson in a research note on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $101.00.

Donaldson Company Profile

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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