Corebridge Financial Inc. Sells 3,586 Shares of Donaldson Company, Inc. $DCI

Key Points

• Corebridge Financial Inc. sold 2.6% of its stake in Donaldson Company, resulting in ownership of 131,914 shares worth approximately $8.85 million as of the end of the first quarter.
• Donaldson stock recently opened at $82.19, with analysts expecting the company to post $3.64 earnings per share for the current year.
• The firm has declared a quarterly dividend of $0.30 per share, which represents an annualized yield of 1.5% and reflects a payout ratio of 40.27%.

Corebridge Financial Inc. reduced its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 131,914 shares of the industrial products company's stock after selling 3,586 shares during the period. Corebridge Financial Inc. owned 0.11% of Donaldson worth $8,846,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank boosted its position in Donaldson by 7.3% during the first quarter. Comerica Bank now owns 48,579 shares of the industrial products company's stock valued at $3,258,000 after purchasing an additional 3,312 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in Donaldson by 75.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company's stock valued at $223,350,000 after purchasing an additional 1,430,120 shares during the last quarter. Freedom Investment Management Inc. acquired a new position in Donaldson during the first quarter valued at approximately $253,000. Smartleaf Asset Management LLC boosted its position in Donaldson by 34.3% during the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock valued at $54,000 after purchasing an additional 205 shares during the last quarter. Finally, Fiduciary Management Inc. WI boosted its position in Donaldson by 13.1% during the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company's stock valued at $167,634,000 after purchasing an additional 290,477 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DCI has been the subject of several recent research reports. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Robert W. Baird increased their price target on Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research report on Friday. Morgan Stanley reissued an "underweight" rating and set a $69.00 price target (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Finally, Stifel Nicolaus raised their price objective on Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research report on Thursday. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $79.33.

Donaldson Stock Performance

Shares of NYSE DCI traded down $0.45 during trading hours on Monday, reaching $79.68. 868,994 shares of the stock were exchanged, compared to its average volume of 678,326. The firm has a market capitalization of $9.28 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.89 and a beta of 1.00. 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 52 week low of $57.45 and a 52 week high of $83.31. The stock's fifty day simple moving average is $72.34 and its 200 day simple moving average is $69.15.

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

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were paid 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 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.