Confluence Investment Management LLC Sells 6,155 Shares of Donaldson Company, Inc. $DCI

Key Points

• Confluence Investment Management LLC reduced its stake in Donaldson Company by 1.9%, selling 6,155 shares and now owning about 312,679 shares valued at approximately $21.7 million.
• Donaldson reported $1.03 earnings per share for the latest quarter, exceeding the consensus estimate of $1.02, alongside a revenue of $980.7 million, marking a 4.8% increase from the previous year.
• The company has declared a quarterly dividend of $0.30 per share, reflecting a dividend yield of 1.5%, with a payout ratio of 39.34%.

Confluence Investment Management LLC decreased its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 312,679 shares of the industrial products company's stock after selling 6,155 shares during the period. Confluence Investment Management LLC owned about 0.27% of Donaldson worth $21,684,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DCI. Cullen Frost Bankers Inc. bought a new position in shares of Donaldson during the first quarter valued at $29,000. Brooklyn Investment Group raised its stake in shares of Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 320 shares during the last quarter. Wood Tarver Financial Group LLC bought a new position in shares of Donaldson during the fourth quarter valued at $42,000. CX Institutional bought a new position in shares of Donaldson during the first quarter valued at $53,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Donaldson by 34.3% during the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 205 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Trading Down 0.9%

DCI opened at $80.91 on Friday. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $83.31. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $74.42 and a 200-day moving average of $69.94. The stock has a market cap of $9.43 billion, a PE ratio of 26.53, a price-to-earnings-growth ratio of 1.94 and a beta of 1.01.

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

Donaldson Dividend Announcement

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

Wall Street Analyst Weigh In

DCI has been the subject of several analyst reports. Robert W. Baird raised their price target on shares of Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Stifel Nicolaus raised their price target on shares of Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Morgan Stanley raised their price target on shares of Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $80.33.

Insider Transactions at Donaldson

In other news, President Guillermo Briseno sold 13,500 shares of the stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the sale, the president directly owned 25,309 shares in the company, valued at $2,000,170.27. This represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of the firm's stock in a transaction 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 completion of the sale, the insider owned 44,645 shares of the company's stock, valued at $3,647,942.95. The trade was a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock worth $5,129,264 over the last three months. 2.70% of the stock is owned by company insiders.

About Donaldson

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.

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