Deutsche Bank AG purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,929 shares of the industrial products company's stock, valued at approximately $1,789,000.
Several other hedge funds also recently added to or reduced their stakes in the company. Trust Co. of Vermont bought a new stake in shares of Donaldson during the 2nd quarter worth approximately $31,000. Leonteq Securities AG purchased a new stake in Donaldson in the fourth quarter worth $40,000. Clearstead Advisors LLC lifted its position in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock worth $53,000 after purchasing an additional 288 shares during the last quarter. Strive Financial Group LLC bought a new stake in shares of Donaldson during the fourth quarter worth $57,000. Finally, Sachetta LLC purchased a new stake in shares of Donaldson during the first quarter valued at $65,000. 82.81% of the stock is currently owned by institutional investors.
Donaldson Stock Down 0.6%
NYSE:DCI opened at $91.81 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.55. Donaldson Company, Inc. has a 1-year low of $78.52 and a 1-year high of $112.84. The company has a 50-day moving average of $92.01 and a 200 day moving average of $90.33. The firm has a market cap of $10.64 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92.
Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The business had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the firm posted $1.03 EPS. The company's revenue for the quarter was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, research analysts anticipate that Donaldson Company, Inc. will post 4.32 EPS for the current fiscal year.
Donaldson Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson's dividend payout ratio (DPR) is presently 34.41%.
Wall Street Analyst Weigh In
DCI has been the topic of several recent analyst reports. Robert W. Baird raised their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research report on Thursday, June 4th. Weiss Ratings upgraded shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Finally, Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a research note on Friday. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $101.00.
Read Our Latest Stock Analysis on Donaldson
Donaldson Profile
(
Free Report)
Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.
Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.
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