AQR Capital Management LLC Acquires 286,598 Shares of Donaldson Company, Inc. $DCI

Key Points

• AQR Capital Management increased its stake in Donaldson Company, Inc. by 32.4% in Q1, holding approximately 1.17 million shares valued at $77.64 million.
• Donaldson recently reported earnings of $1.03 per share, exceeding expectations, and announced a quarterly dividend of $0.30 per share.
• Insider sales were notable, with Amy C. Becker and President Guillermo Briseno reducing their holdings by 29.30% and 34.79% respectively in recent transactions.

AQR Capital Management LLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 32.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,172,395 shares of the industrial products company's stock after purchasing an additional 286,598 shares during the quarter. AQR Capital Management LLC owned about 0.98% of Donaldson worth $77,636,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Colonial Trust Co SC bought a new position in shares of Donaldson in the 4th quarter worth about $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Donaldson during the first quarter valued at approximately $29,000. Brooklyn Investment Group increased its position in Donaldson by 113.9% during the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock valued at $40,000 after buying an additional 320 shares in the last quarter. Wood Tarver Financial Group LLC bought a new stake in Donaldson in the fourth quarter worth $42,000. Finally, CX Institutional purchased a new stake in shares of Donaldson in the first quarter worth $53,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 31,900 shares of the business's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.96, for a total value of $2,550,724.00. Following the sale, the director directly owned 29,330 shares in the company, valued at approximately $2,345,226.80. The trade was a 52.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, President Guillermo Briseno sold 13,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total value of $1,066,905.00. Following the transaction, the president owned 25,309 shares of the company's stock, valued at $2,000,170.27. This represents a 34.79% decrease in their position. The disclosure for this sale can be found here. Insiders sold 63,900 shares of company stock valued at $5,129,264 in the last 90 days. Insiders own 2.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a report on Tuesday, September 2nd. Robert W. Baird lifted their price objective on Donaldson from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Stifel Nicolaus lifted their price target on shares of Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research note on Thursday, August 28th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Donaldson has a consensus rating of "Hold" and an average target price of $80.33.

Donaldson Price Performance

Shares of NYSE DCI traded up $1.42 during midday trading on Thursday, reaching $81.60. The stock had a trading volume of 1,054,728 shares, compared to its average volume of 704,387. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $83.31. The stock has a 50-day moving average of $74.23 and a 200-day moving average of $69.86. The company has a market capitalization of $9.51 billion, a price-to-earnings ratio of 26.75, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results 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. The business had revenue of $980.70 million during the quarter, compared to the consensus estimate of $951.59 million. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal 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 paid a $0.30 dividend. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.5%. Donaldson's payout ratio is presently 39.34%.

Donaldson Company 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.