Fuller & Thaler Asset Management Inc. Increases Stock Position in Donaldson Company, Inc. $DCI

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Donaldson Company, Inc. by 0.3%, owning 1,598,281 shares valued at approximately $107.2 million.
• Donaldson's stock has a market capitalization of $8.55 billion and recently topped analysts' earnings expectations with a reported EPS of $0.99 for the last quarter.
• The company also declared a quarterly dividend of $0.30 per share, reflecting an annualized dividend yield of 1.6%.

Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,598,281 shares of the industrial products company's stock after acquiring an additional 4,041 shares during the quarter. Fuller & Thaler Asset Management Inc. owned 1.34% of Donaldson worth $107,181,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DCI. Carnegie Investment Counsel bought a new stake in Donaldson during the 1st quarter worth approximately $23,147,000. Close Asset Management Ltd boosted its stake in shares of 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. T. Rowe Price Investment Management Inc. boosted its stake in shares of Donaldson by 70.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 626,776 shares of the industrial products company's stock valued at $42,214,000 after purchasing an additional 258,800 shares during the last quarter. Nuveen LLC bought a new stake in shares of Donaldson in the 1st quarter valued at $15,747,000. Finally, Raymond James Financial Inc. bought a new stake in shares of Donaldson in the 4th quarter valued at $13,865,000. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DCI has been the topic of a number of 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. Morgan Stanley reiterated an "underweight" rating and set a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Finally, Robert W. Baird boosted their target price 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. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $70.00.

Donaldson Stock Up 2.5%

DCI traded up $1.8450 during trading on Friday, hitting $75.7350. 636,298 shares of the company's stock were exchanged, compared to its average volume of 578,729. 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 business's 50 day moving average is $71.18 and its two-hundred day moving average is $68.84. 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 cap of $8.82 billion, a P/E ratio of 25.41, a PEG ratio of 1.81 and a beta of 0.99.

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

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be issued a $0.30 dividend. 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 is currently 40.27%.

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.