T. Rowe Price Investment Management Inc. Acquires 41,623 Shares of Donaldson Company, Inc. $DCI

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Donaldson Company, Inc. by 6.6% during the first quarter, now holding approximately 668,399 shares valued at about $44.8 million.
• Donaldson recently reported earnings of $0.99 EPS, exceeding analysts' expectations of $0.95, and announced a quarterly dividend of $0.30 per share.
• Wall Street analysts currently rate Donaldson with a consensus of "Hold" and have set an average price target of $70.00 for its shares.

T. Rowe Price Investment Management Inc. grew its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 668,399 shares of the industrial products company's stock after purchasing an additional 41,623 shares during the period. T. Rowe Price Investment Management Inc. owned approximately 0.56% of Donaldson worth $44,823,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its holdings in Donaldson by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company's stock worth $121,926,000 after acquiring an additional 202,746 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Donaldson by 0.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,598,281 shares of the industrial products company's stock valued at $107,181,000 after purchasing an additional 4,041 shares during the last quarter. Close Asset Management Ltd lifted its position in Donaldson by 27.9% in 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 purchasing an additional 283,060 shares during the last quarter. Janus Henderson Group PLC raised 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 worth $87,369,000 after buying an additional 22,458 shares in the last quarter. Finally, Northern Trust Corp raised 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 worth $80,697,000 after buying an additional 145,275 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

Shares of DCI traded down $2.00 during midday trading on Thursday, hitting $80.14. The company's stock had a trading volume of 1,087,915 shares, compared to its average volume of 593,939. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $83.31. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The company's fifty day simple moving average is $71.88 and its two-hundred day simple moving average is $69.03.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly 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. The firm had revenue of $980.70 million for 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 28.86%. The company's revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, 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 announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Donaldson's payout ratio is presently 39.34%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Robert W. Baird lifted their target price on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus upped their target price on shares of Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research note on Thursday. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Finally, Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $77.00.

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.