Confluence Investment Management LLC Has $21.68 Million Holdings in 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 holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 312,679 shares of the industrial products company's stock after selling 6,155 shares during the quarter. Confluence Investment Management LLC owned approximately 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 recently bought and sold shares of the business. ICW Investment Advisors LLC increased its stake in shares of Donaldson by 0.6% in the first quarter. ICW Investment Advisors LLC now owns 24,094 shares of the industrial products company's stock valued at $1,616,000 after purchasing an additional 150 shares during the period. Cresset Asset Management LLC increased its stake in shares of Donaldson by 1.7% in the first quarter. Cresset Asset Management LLC now owns 11,462 shares of the industrial products company's stock valued at $769,000 after purchasing an additional 191 shares during the period. State of Michigan Retirement System increased its stake in shares of Donaldson by 0.7% in the first quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company's stock valued at $1,915,000 after purchasing an additional 200 shares during the period. Xponance Inc. increased its stake in shares of Donaldson by 1.5% in the first quarter. Xponance Inc. now owns 13,872 shares of the industrial products company's stock valued at $930,000 after purchasing an additional 201 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Donaldson by 34.3% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 205 shares during the period. Institutional investors and hedge funds own 82.81% of the company's stock.

Analysts Set New Price Targets

DCI has been the topic of several analyst reports. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Stifel Nicolaus raised their price objective 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. Morgan Stanley raised their price objective 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. Finally, Robert W. Baird raised their price objective 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. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $80.33.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 31,900 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the sale, the director owned 29,330 shares of the company's stock, valued at $2,345,226.80. The trade was a 52.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Amy C. Becker sold 18,500 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were 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 directly owned 44,645 shares in the company, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 63,900 shares of company stock worth $5,129,264 in the last ninety days. Insiders own 2.70% of the company's stock.

Donaldson Price Performance

Shares of NYSE DCI traded up $1.19 during mid-day trading on Thursday, reaching $81.83. The company had a trading volume of 187,049 shares, compared to its average volume of 597,419. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The stock has a market cap of $9.53 billion, a PE ratio of 26.84, a P/E/G ratio of 1.92 and a beta of 1.01. The company has a 50-day moving average price of $75.03 and a two-hundred day moving average price of $70.19. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $83.31.

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

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Donaldson's dividend payout ratio (DPR) is currently 39.34%.

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.