Sprucegrove Investment Management Ltd. Sells 30,970 Shares of Donaldson Company, Inc. $DCI

Key Points

• Sprucegrove Investment Management Ltd. reduced its stake in Donaldson Company, Inc. by 10.1%, now holding 276,461 shares, making it the 9th largest position in their investment portfolio.
• Donaldson reported earnings of $0.99 EPS, exceeding analyst expectations, with revenues up 1.3% year-over-year, totaling $940.10 million.
• The company announced a quarterly dividend of $0.30 per share, with a yield of 1.6%, set to be paid to shareholders on August 27th.

Sprucegrove Investment Management Ltd. decreased its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 10.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 276,461 shares of the industrial products company's stock after selling 30,970 shares during the quarter. Donaldson accounts for approximately 1.6% of Sprucegrove Investment Management Ltd.'s holdings, making the stock its 9th largest position. Sprucegrove Investment Management Ltd. owned 0.23% of Donaldson worth $18,539,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC acquired a new position in shares of Donaldson in the 4th quarter worth $25,000. Cullen Frost Bankers Inc. acquired a new stake in shares of Donaldson in the first quarter worth about $29,000. Johnson Financial Group Inc. lifted its position in shares of Donaldson by 48.8% during the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after purchasing an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Donaldson during the 4th quarter worth about $42,000. Finally, CX Institutional bought a new position in Donaldson during the first quarter valued at about $53,000. Institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have recently commented on DCI shares. Robert W. Baird boosted their target price on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a report on Friday, June 6th. 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 company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $70.00.

Donaldson Trading Down 0.6%

Shares of DCI stock traded down $0.43 during trading hours on Thursday, reaching $73.89. The company had a trading volume of 136,710 shares, compared to its average volume of 576,475. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The company has a 50 day moving average of $71.10 and a 200 day moving average of $68.81. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 1.83 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. The business had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. Donaldson's revenue was up 1.3% on a year-over-year basis. During the same period last year, the business posted $0.92 EPS. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. On average, equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson's payout ratio is presently 40.27%.

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.