Donaldson Company, Inc. $DCI Shares Sold by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments cut its stake in Donaldson Company by 5.1% in the first quarter, selling 48,141 shares and ending with 898,389 shares worth about $77.3 million.
• Donaldson reported better-than-expected quarterly results, with EPS of $1.06 versus estimates of $1.05 and revenue of $995.1 million versus $973.65 million, while revenue rose 5.9% year over year.
• The company raised its quarterly dividend to $0.32 from $0.30, and analysts currently rate the stock Moderate Buy with a consensus price target of $97.83.

Allspring Global Investments Holdings LLC reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 898,389 shares of the industrial products company's stock after selling 48,141 shares during the period. Allspring Global Investments Holdings LLC owned about 0.78% of Donaldson worth $77,315,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Leonteq Securities AG purchased a new position in Donaldson in the fourth quarter valued at about $40,000. Eagle Bay Advisors LLC acquired a new stake in shares of Donaldson in the 4th quarter worth about $45,000. Clearstead Advisors LLC lifted its position in Donaldson by 92.6% in the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 288 shares during the last quarter. Strive Financial Group LLC bought a new stake in Donaldson in the 4th quarter valued at about $57,000. Finally, Sachetta LLC acquired a new position in Donaldson during the 1st quarter valued at about $65,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Performance

DCI opened at $90.27 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 12-month low of $69.58 and a 12-month high of $112.84. The stock's 50 day moving average price is $86.03 and its two-hundred day moving average price is $91.18. The firm has a market capitalization of $10.46 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Tuesday, June 2nd. The industrial products company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. The company had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The company's quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.99 EPS. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued a $0.32 dividend. This is a positive change from Donaldson's previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date was Monday, June 15th. Donaldson's dividend payout ratio (DPR) is 34.41%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on DCI shares. Wall Street Zen raised Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, July 12th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research note on Thursday, June 4th. Stifel Nicolaus decreased their target price on shares of Donaldson from $96.00 to $91.00 and set a "hold" rating for the company in a research report on Thursday, June 4th. Robert W. Baird lowered their target price on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating on the stock in a research note on Monday, March 30th. Finally, Weiss Ratings upgraded shares of Donaldson from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, June 3rd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $97.83.

Donaldson Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.