AlphaQuest LLC Reduces Position in Donaldson Company, Inc. $DCI

Key Points

• AlphaQuest LLC significantly reduced its stake in Donaldson Company, Inc., selling 20,586 shares and decreasing its holdings by 94% in the first quarter, leaving it with 1,325 shares valued at $89,000.
• Donaldson reported earnings of $1.03 per share for the most recent quarter, exceeding the consensus estimate of $1.02, with a year-over-year revenue increase of 4.8% to $980.70 million.
• The company announced a quarterly dividend of $0.30 per share, representing a 1.5% yield, and has a dividend payout ratio of 39.34%.

AlphaQuest LLC lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 94.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,325 shares of the industrial products company's stock after selling 20,586 shares during the period. AlphaQuest LLC's holdings in Donaldson were worth $89,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Cresset Asset Management LLC lifted its holdings in Donaldson by 1.7% in the first quarter. Cresset Asset Management LLC now owns 11,462 shares of the industrial products company's stock valued at $769,000 after acquiring an additional 191 shares during the period. State of Michigan Retirement System grew its position in Donaldson by 0.7% during the first quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company's stock valued at $1,915,000 after buying an additional 200 shares during the period. Xponance Inc. increased its holdings in Donaldson by 1.5% during the first quarter. Xponance Inc. now owns 13,872 shares of the industrial products company's stock valued at $930,000 after buying an additional 201 shares during the last quarter. Callan Family Office LLC raised its position in Donaldson by 5.8% in the first quarter. Callan Family Office LLC now owns 3,794 shares of the industrial products company's stock worth $254,000 after acquiring an additional 208 shares during the period. Finally, USA Financial Formulas grew its position in shares of Donaldson by 21.7% during the 1st quarter. USA Financial Formulas now owns 1,269 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 226 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

DCI has been the topic of several analyst reports. Morgan Stanley lifted their target price on Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a research report on Tuesday. Stifel Nicolaus lifted their price objective on Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research report on Thursday, August 28th. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Robert W. Baird lifted their price target on shares of Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, August 29th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $80.33.

Insider Activity

In other news, President Guillermo Briseno sold 13,500 shares of the firm's stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the transaction, the president owned 25,309 shares in the company, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Amy C. Becker sold 18,500 shares of the firm's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the transaction, the insider owned 44,645 shares of the company's stock, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock worth $5,129,264 over the last 90 days. Corporate insiders own 2.70% of the company's stock.

Donaldson Price Performance

NYSE:DCI traded up $0.42 on Friday, reaching $81.04. 555,782 shares of the company's stock traded hands, compared to its average volume of 599,124. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The stock has a 50-day simple moving average of $73.18 and a 200-day simple moving average of $69.46. The firm has a market cap of $9.44 billion, a PE ratio of 26.57, a P/E/G ratio of 1.89 and a beta of 1.01. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $83.31.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.01. The business had revenue of $980.70 million for the quarter, compared to analysts' expectations of $951.59 million. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The business's quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.94 earnings per share. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. Equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. Donaldson's dividend payout ratio (DPR) is presently 39.34%.

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.