Meiji Yasuda Asset Management Co Ltd. Has $4.02 Million Stock Holdings in Donaldson Company, Inc. $DCI

Key Points

• Meiji Yasuda Asset Management Co Ltd. has reduced its position in Donaldson Company by 16.0%, holding 60,008 shares valued at approximately $4 million after selling 11,426 shares.
• Donaldson Company reported a Q2 earnings per share (EPS) of $1.03, exceeding analysts' expectations by $0.01, with a revenue of $980.70 million.
• The company announced a quarterly dividend of $0.30 per share, yielding 1.5%, with a dividend payout ratio of 39.34%.

Meiji Yasuda Asset Management Co Ltd. lowered its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,008 shares of the industrial products company's stock after selling 11,426 shares during the quarter. Meiji Yasuda Asset Management Co Ltd. owned 0.05% of Donaldson worth $4,024,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DCI. Kayne Anderson Rudnick Investment Management LLC increased its stake in Donaldson by 75.3% in 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 acquiring an additional 1,430,120 shares during the period. Carnegie Investment Counsel bought a new stake in Donaldson in the first quarter valued at about $23,147,000. Fiduciary Management Inc. WI increased its stake in Donaldson by 13.1% in 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 acquiring an additional 290,477 shares during the period. AQR Capital Management LLC increased its stake in Donaldson by 32.4% in the first quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company's stock valued at $77,636,000 after acquiring an additional 286,598 shares during the period. Finally, Close Asset Management Ltd increased its stake in Donaldson by 27.9% in the first quarter. Close Asset Management Ltd now owns 1,298,164 shares of the industrial products company's stock valued at $87,074,000 after acquiring an additional 283,060 shares during the period. Institutional investors own 82.81% of the company's stock.

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the transaction, the director directly owned 29,330 shares in the company, valued at $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, President Guillermo Briseno sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were 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 represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,900 shares of company stock worth $5,129,264 over the last ninety days. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird upped their target price on shares of Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Stifel Nicolaus upped their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research note on Thursday, August 28th. Finally, Morgan Stanley upped their price objective on shares of Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $80.33.

Donaldson Price Performance

Shares of DCI traded down $0.70 during mid-day trading on Friday, hitting $80.91. 552,893 shares of the company traded hands, compared to its average volume of 741,446. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $83.31. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The business has a 50-day moving average of $74.42 and a 200 day moving average of $69.96. The stock has a market capitalization of $9.43 billion, a price-to-earnings ratio of 26.53, a PEG ratio of 1.92 and a beta of 1.00.

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, beating the consensus estimate of $1.02 by $0.01. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The business had revenue of $980.70 million for the quarter, compared to analysts' expectations of $951.59 million. During the same period in the prior year, the firm earned $0.94 earnings per share. Donaldson's revenue was up 4.8% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm 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 yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Donaldson's dividend payout ratio is currently 39.34%.

Donaldson Company Profile

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.