Gotham Asset Management LLC Buys 26,263 Shares of Donaldson Company, Inc. $DCI

Key Points

• Gotham Asset Management LLC increased its stake in Donaldson Company by 17.5%, now owning approximately 0.15% of the company, valued at about $11.8 million.
• Donaldson recently reported a 4.8% year-over-year revenue growth for the last quarter, with earnings per share of $1.03, slightly above analyst expectations.
• The company announced a quarterly dividend of $0.30 per share, representing a 1.5% yield with a payout ratio of 39.34%.

Gotham Asset Management LLC grew its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 17.5% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 175,956 shares of the industrial products company's stock after purchasing an additional 26,263 shares during the period. Gotham Asset Management LLC owned approximately 0.15% of Donaldson worth $11,800,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the company. Hancock Whitney Corp raised its stake in shares of Donaldson by 3.9% during the first quarter. Hancock Whitney Corp now owns 19,783 shares of the industrial products company's stock valued at $1,327,000 after purchasing an additional 742 shares during the period. AQR Capital Management LLC raised its stake in shares of Donaldson by 32.4% during the first quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company's stock valued at $77,636,000 after purchasing an additional 286,598 shares during the period. Advisors Asset Management Inc. raised its stake in shares of Donaldson by 25.9% during the first quarter. Advisors Asset Management Inc. now owns 4,768 shares of the industrial products company's stock valued at $320,000 after purchasing an additional 980 shares during the period. Perbak Capital Partners LLP purchased a new stake in shares of Donaldson during the first quarter valued at approximately $335,000. Finally, Ashton Thomas Securities LLC raised its stake in shares of Donaldson by 158.7% during the first quarter. Ashton Thomas Securities LLC now owns 29,740 shares of the industrial products company's stock valued at $2,047,000 after purchasing an additional 18,246 shares during the period. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insiders Place Their Bets

In other news, insider Amy C. Becker sold 18,500 shares of the company's stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $81.71, for a total value of $1,511,635.00. Following the transaction, the insider owned 44,645 shares in the company, valued at $3,647,942.95. This represents a 29.30% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Trudy A. Rautio sold 31,900 shares of the company's stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the completion of the transaction, the director owned 29,330 shares in the company, valued at $2,345,226.80. This represents a 52.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 63,900 shares of company stock worth $5,129,264. Company insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DCI. Morgan Stanley raised their price target on shares of Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 2nd. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Robert W. Baird raised their target price on Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, Stifel Nicolaus raised their target price on Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $80.33.

Donaldson Price Performance

NYSE DCI traded down $0.79 on Friday, reaching $80.82. The company's stock had a trading volume of 125,886 shares, compared to its average volume of 597,987. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $83.31. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. The stock has a market cap of $9.42 billion, a PE ratio of 26.47, a PEG ratio of 1.90 and a beta of 1.01. The firm's 50 day moving average is $74.23 and its two-hundred day moving average is $69.86.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.02 by $0.01. The firm had revenue of $980.70 million for the quarter, compared to the consensus estimate of $951.59 million. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The business's revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Donaldson's payout ratio is presently 39.34%.

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.