Dimensional Fund Advisors LP Increases Stock Position in Donaldson Company, Inc. $DCI

Key Points

• Dimensional Fund Advisors LP increased its holdings in Donaldson Company, Inc. by 12.6% in Q1, acquiring an additional 202,746 shares, bringing its total to 1,818,227 shares valued at approximately $121.9 million.
• Donaldson Company reported a quarterly earnings per share of $0.99, exceeding analyst estimates of $0.95, with Q1 revenue of $940.1 million, marking a 1.3% year-over-year increase.
• The company declared a quarterly dividend of $0.30 per share, set to be paid on August 27th, representing an annualized dividend of $1.20 and a yield of 1.6%.

Dimensional Fund Advisors LP raised its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 12.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,818,227 shares of the industrial products company's stock after purchasing an additional 202,746 shares during the quarter. Dimensional Fund Advisors LP owned 1.52% of Donaldson worth $121,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in DCI. Close Asset Management Ltd lifted its position in shares of Donaldson by 27.9% during the 1st quarter. Close Asset Management Ltd now owns 1,298,164 shares of the industrial products company's stock valued at $87,074,000 after acquiring an additional 283,060 shares during the period. Janus Henderson Group PLC lifted its position in shares of Donaldson by 1.8% during the 4th quarter. Janus Henderson Group PLC now owns 1,297,229 shares of the industrial products company's stock valued at $87,369,000 after acquiring an additional 22,458 shares during the period. Northern Trust Corp lifted its position in shares of Donaldson by 13.8% during the 4th quarter. Northern Trust Corp now owns 1,198,173 shares of the industrial products company's stock valued at $80,697,000 after acquiring an additional 145,275 shares during the period. AQR Capital Management LLC lifted its position in shares of Donaldson by 28.1% during the 4th quarter. AQR Capital Management LLC now owns 885,797 shares of the industrial products company's stock valued at $59,658,000 after acquiring an additional 194,418 shares during the period. Finally, Impax Asset Management Group plc lifted its position in shares of Donaldson by 27.5% during the 1st quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company's stock valued at $58,130,000 after acquiring an additional 189,580 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DCI. Robert W. Baird lifted their price target on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $69.00 price target (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. One investment 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. According to data from MarketBeat, Donaldson presently has a consensus rating of "Hold" and a consensus target price of $70.00.

Donaldson Price Performance

Shares of Donaldson stock traded up $1.8450 during trading on Friday, hitting $75.7350. 636,298 shares of the company were exchanged, compared to its average volume of 514,822. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The stock has a market capitalization of $8.82 billion, a price-to-earnings ratio of 25.41, a P/E/G ratio of 1.85 and a beta of 0.99. The firm has a 50 day moving average price of $71.32 and a 200 day moving average price of $68.87.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $940.10 million during the quarter, compared to analyst estimates of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.92 earnings per share. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. On average, equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be issued a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Donaldson's dividend payout ratio (DPR) is 40.27%.

Donaldson 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.