Element Capital Management LLC Invests $2.66 Million in Donaldson Company, Inc. $DCI

Key Points

• Element Capital Management LLC acquired a new position in Donaldson Company, purchasing 39,681 shares valued at approximately $2.66 million during the first quarter of 2023.
• Donaldson recently announced a quarterly dividend of $0.30 per share, with a dividend yield of 1.6% and a payout ratio of 40.27%.
• Donaldson reported quarterly earnings with EPS of $0.99, surpassing estimates, and showed a 1.3% increase in revenue compared to the previous year.

Element Capital Management LLC purchased a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 39,681 shares of the industrial products company's stock, valued at approximately $2,661,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new position in Donaldson in the fourth quarter worth about $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Donaldson in the 1st quarter worth approximately $29,000. Johnson Financial Group Inc. boosted its holdings in shares of Donaldson by 48.8% in 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 period. Wood Tarver Financial Group LLC purchased a new position in Donaldson during the fourth quarter worth $42,000. Finally, CX Institutional purchased a new position in Donaldson during the first quarter worth $53,000. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on DCI shares. Robert W. Baird lifted their price objective on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Morgan Stanley restated an "underweight" rating and set a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research report on Friday, June 6th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $70.00.

Donaldson Trading Down 0.9%

Donaldson stock traded down $0.67 during trading hours on Wednesday, hitting $74.34. The company had a trading volume of 685,086 shares, compared to its average volume of 493,148. The firm has a market cap of $8.66 billion, a P/E ratio of 24.95, a P/E/G ratio of 1.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. 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 price of $71.10 and a two-hundred day moving average price of $68.81.

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

Donaldson Announces Dividend

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