HighTower Advisors LLC Has $39.79 Million Position in Donaldson Company, Inc. $DCI

Key Points

• HighTower Advisors LLC reduced its stake in Donaldson Company, Inc. by 1.2% in the first quarter, selling 7,378 shares and now owns approximately 0.50% of the company.
• Donaldson recently reported earnings of $0.99 per share, surpassing analysts' expectations of $0.95, and indicated a revenue increase of 1.3% year-over-year.
• The company announced a quarterly dividend of $0.30, with an annualized yield of 1.6%, and a payout ratio of 40.27% as of the latest disclosures.

HighTower Advisors LLC lowered its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 593,394 shares of the industrial products company's stock after selling 7,378 shares during the period. HighTower Advisors LLC owned approximately 0.50% of Donaldson worth $39,793,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. Johnson Financial Group Inc. raised its stake in Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 195 shares in the last quarter. State of Michigan Retirement System increased its holdings in 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 buying an additional 200 shares during the period. Xponance Inc. lifted its holdings in shares of Donaldson by 1.5% during the 1st quarter. Xponance Inc. now owns 13,872 shares of the industrial products company's stock worth $930,000 after acquiring an additional 201 shares during the period. USA Financial Formulas increased its stake in Donaldson by 21.7% in the first 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 during the last quarter. Finally, Values First Advisors Inc. raised its position in Donaldson by 1.0% during the first quarter. Values First Advisors Inc. now owns 24,504 shares of the industrial products company's stock valued at $1,643,000 after purchasing an additional 243 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DCI. Morgan Stanley restated an "underweight" rating and set a $69.00 price objective (up 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 note on Saturday, July 5th. Finally, Robert W. Baird lifted their price target on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $70.00.

Donaldson Trading Up 1.0%

NYSE DCI traded up $0.7670 on Tuesday, hitting $74.8270. The company's stock had a trading volume of 124,270 shares, compared to its average volume of 575,800. The firm has a market cap of $8.72 billion, a PE ratio of 25.11, a PEG ratio of 1.79 and a beta of 0.99. The company's 50-day moving average is $70.92 and its 200 day moving average is $68.73. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%.The business had revenue of $940.10 million for the quarter, compared to analysts' expectations of $936.02 million. During the same period in the prior year, the business posted $0.92 earnings per share. The firm's revenue was up 1.3% on a year-over-year basis. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. As a group, analysts predict 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. Shareholders of record on Tuesday, August 12th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.20 annualized dividend and a yield of 1.6%. Donaldson's payout ratio is 40.27%.

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.