HighTower Advisors LLC Sells 151,767 Shares of Donaldson Company, Inc. $DCI

Key Points

• HighTower Advisors reduced its Donaldson stake by 41.1%, selling 151,767 shares in the second quarter and retaining 217,476 shares valued at approximately $19.5 million. Institutional investors collectively own 82.81% of DCI.
• Analyst sentiment remains positive, with Donaldson receiving a consensus “Moderate Buy” rating and an average price target of $101.00, compared with a recent share price of $91.05.
• Donaldson exceeded quarterly expectations, reporting $1.15 in earnings per share and $1.06 billion in revenue, with revenue up 8% year over year. The company also maintains a quarterly dividend of $0.32 per share, yielding about 1.4% annually.

HighTower Advisors LLC cut its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 41.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 217,476 shares of the industrial products company's stock after selling 151,767 shares during the period. HighTower Advisors LLC owned approximately 0.19% of Donaldson worth $19,523,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Royal Bank of Canada lifted its position in Donaldson by 38.2% in the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company's stock valued at $6,848,000 after purchasing an additional 28,207 shares during the last quarter. Integrated Wealth Concepts LLC boosted its position in Donaldson by 16.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company's stock valued at $233,000 after buying an additional 494 shares during the period. Millennium Management LLC grew its holdings in Donaldson by 428.6% in the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company's stock worth $15,020,000 after acquiring an additional 181,602 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of Donaldson by 29.0% in the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company's stock valued at $18,745,000 after acquiring an additional 62,864 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in shares of Donaldson by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company's stock valued at $141,000 after acquiring an additional 933 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on DCI shares. Wall Street Zen upgraded shares of Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Robert W. Baird increased their price objective on Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Weiss Ratings upgraded Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Stifel Nicolaus set a $95.00 target price on Donaldson in a report on Friday, August 28th. Finally, Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Donaldson currently has a consensus rating of "Moderate Buy" and a consensus target price of $101.00.

Donaldson Price Performance

DCI opened at $91.05 on Wednesday. The stock has a fifty day simple moving average of $92.45 and a two-hundred day simple moving average of $89.27. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. The company has a market cap of $10.55 billion, a price-to-earnings ratio of 23.65, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92. Donaldson Company, Inc. has a 12-month low of $79.42 and a 12-month high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company's revenue was up 8.0% compared to the same quarter last year. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Research analysts predict that Donaldson Company, Inc. will post 4.34 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 17th. Donaldson's dividend payout ratio (DPR) is presently 33.25%.

Donaldson Company Profile

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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