Gabelli Funds LLC Reduces Stock Holdings in Donaldson Company, Inc. $DCI

Key Points

• Gabelli Funds LLC has reduced its stake in Donaldson Company, Inc. by 1.8%, holding 667,150 shares valued at approximately $44.7 million following the sale of 12,050 shares.
• Donaldson reported $0.99 EPS for the most recent quarter, exceeding the analyst expectations of $0.95 and demonstrating a 1.3% year-over-year increase in revenue.
• The company declared a quarterly dividend of $0.30 per share, with a yield of 1.6%, scheduled for payment on August 27th to shareholders on record by August 12th.

Gabelli Funds LLC lessened its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.8% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 667,150 shares of the industrial products company's stock after selling 12,050 shares during the period. Gabelli Funds LLC owned 0.56% of Donaldson worth $44,739,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DCI. 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 grew its holdings in shares of Donaldson by 75.3% in the 1st 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 buying an additional 1,430,120 shares during the period. Freedom Investment Management Inc. acquired a new position in Donaldson during the first quarter worth $253,000. Smartleaf Asset Management LLC raised its stake in Donaldson by 34.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock valued at $54,000 after acquiring an additional 205 shares during the period. Finally, Fiduciary Management Inc. WI increased its stake in Donaldson by 13.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company's stock worth $167,634,000 after acquiring an additional 290,477 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on DCI. Morgan Stanley reaffirmed an "underweight" rating and issued a $69.00 price objective (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Stifel Nicolaus upped their price target on Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research note on Thursday. Robert W. Baird lifted their price target on shares of Donaldson from $78.00 to $85.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Donaldson has a consensus rating of "Hold" and a consensus target price of $79.33.

Donaldson Trading Down 0.6%

Donaldson stock traded down $0.45 during trading on Friday, hitting $79.68. The company's stock had a trading volume of 868,994 shares, compared to its average volume of 598,646. The stock's fifty day moving average is $72.11 and its 200 day moving average is $69.10. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.93. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 26.12, a P/E/G ratio of 1.99 and a beta of 0.99. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $83.31.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS 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 the consensus estimate of $951.59 million. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. Donaldson's revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, equities research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company 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 dividend on an annualized basis and a yield of 1.5%. Donaldson's dividend payout ratio (DPR) is currently 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.