Charles Schwab Investment Management Inc. Has $52.24 Million Stock Position in Donaldson Company, Inc. $DCI

Key Points

• Charles Schwab Investment Management Inc. increased its holdings in Donaldson Company, Inc. by 2.3%, now owning approximately 0.65% of the company with a value of $52.2 million.
• Donaldson recently announced a quarterly dividend of $0.30 per share, reflecting an annualized dividend yield of 1.6% and a payout ratio of 40.27%.
• Equities analysts have mixed ratings on Donaldson, with Wall Street Zen downgrading the stock to a "hold," while Robert W. Baird set a new price target of $78.00 with an "outperform" rating.

Charles Schwab Investment Management Inc. raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 778,962 shares of the industrial products company's stock after buying an additional 17,145 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of Donaldson worth $52,237,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Johnson Financial Group Inc. boosted its holdings in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after buying an additional 195 shares in the last quarter. State of Michigan Retirement System lifted its position in shares of Donaldson by 0.7% in the 1st quarter. State of Michigan Retirement System now owns 28,558 shares of the industrial products company's stock valued at $1,915,000 after acquiring an additional 200 shares in the last quarter. Xponance Inc. lifted its position in shares of Donaldson by 1.5% in the 1st quarter. Xponance Inc. now owns 13,872 shares of the industrial products company's stock valued at $930,000 after acquiring an additional 201 shares in the last quarter. USA Financial Formulas lifted its position in shares of Donaldson by 21.7% in the 1st quarter. USA Financial Formulas now owns 1,269 shares of the industrial products company's stock valued at $85,000 after acquiring an additional 226 shares in the last quarter. Finally, Values First Advisors Inc. lifted its position in shares of Donaldson by 1.0% in the 1st quarter. Values First Advisors Inc. now owns 24,504 shares of the industrial products company's stock valued at $1,643,000 after acquiring an additional 243 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Morgan Stanley restated an "underweight" rating and issued a $69.00 price target (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Robert W. Baird upped their price target on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Donaldson presently has an average rating of "Hold" and an average price target of $70.00.

Donaldson Stock Down 0.7%

DCI stock traded down $0.5120 during midday trading on Thursday, reaching $73.8080. The company had a trading volume of 425,530 shares, compared to its average volume of 505,254. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $8.60 billion, a P/E ratio of 24.77, a PEG ratio of 1.81 and a beta of 0.99. The company has a 50 day moving average of $71.18 and a two-hundred day moving average of $68.84.

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

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. Donaldson's dividend payout ratio is 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.