Comerica Bank Acquires 3,312 Shares of Donaldson Company, Inc. $DCI

Key Points

• Comerica Bank increased its stake in Donaldson Company by 7.3%, acquiring 3,312 additional shares, bringing its total holdings to 48,579 shares valued at approximately $3.26 million.
• Analysts have shown mixed sentiments, with Robert W. Baird raising the target price to $85.00 while Morgan Stanley issued an underweight rating with a target price of $69.00.
• Donaldson recently reported an Earnings Per Share (EPS) of $1.03 for the last quarter, exceeding analysts' estimates, and announced a quarterly dividend of $0.30, equating to an annual yield of 1.5%.

Comerica Bank increased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 7.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,579 shares of the industrial products company's stock after purchasing an additional 3,312 shares during the quarter. Comerica Bank's holdings in Donaldson were worth $3,258,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Co SC bought a new stake in Donaldson during the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new stake in Donaldson during the first quarter worth about $29,000. Brooklyn Investment Group lifted its position in Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock worth $40,000 after purchasing an additional 320 shares during the period. Wood Tarver Financial Group LLC acquired a new position in Donaldson during the fourth quarter worth about $42,000. Finally, CX Institutional acquired a new position in Donaldson during the first quarter worth about $53,000. Institutional investors own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

DCI has been the subject of several research analyst reports. Stifel Nicolaus boosted their target price on Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research note on Thursday, August 28th. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Morgan Stanley boosted their target price on Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research note on Tuesday. Finally, Robert W. Baird upped their price objective on Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $80.33.

Insider Buying and Selling at Donaldson

In other Donaldson news, insider Amy C. Becker sold 18,500 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the transaction, the insider directly owned 44,645 shares in the company, valued at approximately $3,647,942.95. This represents a 29.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $79.96, for a total value of $2,550,724.00. Following the transaction, the director owned 29,330 shares in the company, valued at $2,345,226.80. The trade was a 52.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 63,900 shares of company stock valued at $5,129,264. 2.70% of the stock is currently owned by company insiders.

Donaldson Trading Up 0.5%

Shares of Donaldson stock traded up $0.38 on Thursday, hitting $80.00. The stock had a trading volume of 200,289 shares, compared to its average volume of 596,745. The firm has a market capitalization of $9.32 billion, a P/E ratio of 26.21, a PEG ratio of 1.89 and a beta of 1.01. The stock has a 50 day moving average of $72.97 and a 200 day moving average of $69.37. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.93. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $83.31.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.02 by $0.01. The business had revenue of $980.70 million during the quarter, compared to the consensus estimate of $951.59 million. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The company's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. Sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson's dividend payout ratio is currently 39.34%.

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.