Donaldson Company, Inc. $DCI Shares Sold by Dorsey & Whitney Trust CO LLC

Key Points

• Dorsey & Whitney Trust CO LLC reduced its stake in Donaldson Company by 10.6%, holding 63,755 shares worth approximately $4.27 million after selling 7,533 shares in the first quarter.
• Donaldson Company reported earnings per share (EPS) of $0.99 for the latest quarter, exceeding the consensus estimate of $0.95, with revenue increasing 1.3% year-over-year to $940.1 million.
• The company announced a quarterly dividend of $0.30 per share, which translates to an annualized dividend yield of 1.6% and reflects a payout ratio of 40.27%.

Dorsey & Whitney Trust CO LLC trimmed its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 10.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 63,755 shares of the industrial products company's stock after selling 7,533 shares during the period. Dorsey & Whitney Trust CO LLC owned approximately 0.05% of Donaldson worth $4,275,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DCI. Colonial Trust Co SC bought a new position in shares of Donaldson during the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in Donaldson during the first quarter worth about $29,000. Brooklyn Investment Group grew its holdings in shares of Donaldson by 113.9% during the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock worth $40,000 after purchasing an additional 320 shares during the last quarter. Johnson Financial Group Inc. boosted its holdings 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 acquiring an additional 195 shares during the last quarter. Finally, Wood Tarver Financial Group LLC acquired a new position in Donaldson in the fourth quarter valued at approximately $42,000. 82.81% of the stock is owned by institutional investors.

Donaldson Price Performance

Shares of NYSE:DCI traded up $1.8450 during mid-day trading on Friday, reaching $75.7350. The stock had a trading volume of 636,298 shares, compared to its average volume of 509,533. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a market cap of $8.82 billion, a P/E ratio of 25.41, a price-to-earnings-growth ratio of 1.80 and a beta of 0.99. The business's 50 day moving average price is $71.32 and its 200 day moving average price is $68.88. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly 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. The business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%.The business's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.92 EPS. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. Research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company 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 (DPR) is currently 40.27%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Morgan Stanley reaffirmed an "underweight" rating and set a $69.00 target price (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Robert W. Baird raised their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. One investment 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 currently has a consensus rating of "Hold" and an average target price of $70.00.

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.