Meiji Yasuda Asset Management Co Ltd. Cuts Stock Position 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. reduced its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 16.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,008 shares of the industrial products company's stock after selling 11,426 shares during the period. 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 have also modified their holdings of the company. Caxton Associates LLP bought a new stake in shares of Donaldson in the 1st quarter valued at about $909,000. Goldman Sachs Group Inc. boosted its holdings in shares of Donaldson by 29.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company's stock valued at $18,745,000 after buying an additional 62,864 shares in the last quarter. Kestra Investment Management LLC boosted its stake in Donaldson by 7.6% in the 1st quarter. Kestra Investment Management LLC now owns 6,633 shares of the industrial products company's stock worth $445,000 after purchasing an additional 470 shares in the last quarter. Millennium Management LLC boosted its stake in Donaldson by 428.6% in the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock worth $15,020,000 after purchasing an additional 181,602 shares in the last quarter. Finally, Integrated Wealth Concepts LLC grew its holdings in shares of Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company's stock valued at $233,000 after buying an additional 494 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

DCI has been the topic of several research analyst reports. Stifel Nicolaus boosted their price target on Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. Wall Street Zen lowered 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 shares of Donaldson from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Finally, Morgan Stanley raised their price target on shares of Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Donaldson currently has an average rating of "Hold" and an average price target of $80.33.

Donaldson Stock Performance

DCI traded down $0.70 during trading on Friday, reaching $80.91. 552,893 shares of the company's stock were exchanged, compared to its average volume of 600,549. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $83.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. The stock has a market capitalization of $9.43 billion, a P/E ratio of 26.53, a price-to-earnings-growth ratio of 1.90 and a beta of 1.01. The company's fifty day simple moving average is $74.23 and its 200-day simple moving average is $69.86.

Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.01. The firm had revenue of $980.70 million during the quarter, compared to analyst estimates of $951.59 million. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The business's quarterly 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, research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal 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 issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson's payout ratio is 39.34%.

Insider Activity

In other news, President Guillermo Briseno sold 13,500 shares of Donaldson 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 directly owned 25,309 shares of the company's stock, valued at $2,000,170.27. The trade was a 34.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of Donaldson stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the transaction, the insider directly owned 44,645 shares of the company's stock, valued at approximately $3,647,942.95. This trade represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock valued at $5,129,264 in the last three months. 2.70% of the stock is currently owned by corporate insiders.

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.