Hsbc Holdings PLC Cuts Stock Position in Donaldson Company, Inc. $DCI

Key Points

• Hsbc Holdings PLC has decreased its stake in Donaldson Company, Inc. by 29.8%, now holding 36,402 shares valued at approximately $2.43 million after selling 15,488 shares in the first quarter.
• Analysts have issued mixed ratings on Donaldson, with one recent downgrade from "buy" to "hold," while the average target price among analysts is set at $70.00.
• Donaldson posted a 4.8% year-over-year revenue increase in its latest quarter, reporting $980.70 million in revenue and $1.03 EPS, exceeding expectations.

Hsbc Holdings PLC cut its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 29.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,402 shares of the industrial products company's stock after selling 15,488 shares during the quarter. Hsbc Holdings PLC's holdings in Donaldson were worth $2,430,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Impax Asset Management Group plc increased its position in shares of Donaldson by 27.5% during the first quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company's stock worth $58,130,000 after purchasing an additional 189,580 shares in the last quarter. OneDigital Investment Advisors LLC increased its position in shares of Donaldson by 22.5% during the first quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company's stock worth $248,000 after purchasing an additional 680 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Donaldson by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock worth $25,478,000 after purchasing an additional 7,663 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Donaldson by 162.5% during the first quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock worth $163,000 after purchasing an additional 1,503 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Donaldson by 78.0% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company's stock worth $372,000 after purchasing an additional 2,435 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Down 0.0%

Shares of Donaldson stock traded down $0.04 during trading hours on Tuesday, hitting $79.63. The company's stock had a trading volume of 702,948 shares, compared to its average volume of 657,812. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $83.31. The firm has a fifty day moving average of $72.76 and a 200-day moving average of $69.30. The stock has a market cap of $9.28 billion, a price-to-earnings ratio of 26.11, a P/E/G ratio of 1.89 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.24 and a current ratio of 1.93.

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

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Donaldson's payout ratio is currently 39.34%.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Stifel Nicolaus boosted their price target on Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research report on Thursday, August 28th. Robert W. Baird boosted their price target on Donaldson from $78.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research note on Tuesday. One investment 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's stock. According to data from MarketBeat.com, Donaldson has a consensus rating of "Hold" and a consensus price target of $80.33.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 31,900 shares of the business's stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $79.96, for a total value of $2,550,724.00. Following the sale, the director owned 29,330 shares in the company, valued at approximately $2,345,226.80. The trade was a 52.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amy C. Becker sold 18,500 shares of the business's stock in a transaction on 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 completion of the sale, the insider owned 44,645 shares in the company, valued at $3,647,942.95. This represents a 29.30% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by insiders.

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.