Hsbc Holdings PLC Has $6.31 Million Stock Position in Donaldson Company, Inc. $DCI

Key Points

• HSBC Holdings increased its Donaldson position by 21.4% in the second quarter, owning 70,448 shares worth approximately $6.31 million. Institutional investors collectively hold 82.81% of DCI’s outstanding stock.
• Donaldson exceeded quarterly expectations, reporting $1.15 in EPS versus the $1.13 consensus and $1.06 billion in revenue, up 8% year over year. The company issued fiscal 2027 EPS guidance of $4.22 to $4.38.
• Donaldson pays a quarterly dividend of $0.32, equivalent to an annualized $1.28 and a 1.4% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $101, compared with the reported share price of $89.71.

Hsbc Holdings PLC lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 21.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,448 shares of the industrial products company's stock after acquiring an additional 12,437 shares during the period. Hsbc Holdings PLC owned about 0.06% of Donaldson worth $6,310,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in DCI. Allworth Financial LP purchased a new position in Donaldson during the 2nd quarter worth approximately $29,000. Trust Co. of Vermont purchased a new stake in shares of Donaldson in the second quarter valued at $31,000. Leonteq Securities AG acquired a new stake in shares of Donaldson in the fourth quarter worth $40,000. Clearstead Advisors LLC boosted its position in shares of Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock worth $53,000 after buying an additional 288 shares during the period. Finally, Strive Financial Group LLC purchased a new position in shares of Donaldson during the fourth quarter valued at $57,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $89.71 on Thursday. The firm has a market cap of $10.40 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 2.10 and a beta of 0.92. Donaldson Company, Inc. has a 1 year low of $79.42 and a 1 year high of $112.84. 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 business has a fifty day simple moving average of $92.48 and a 200 day simple moving average of $89.15.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The firm had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The business's quarterly 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. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 4.34 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.32 dividend. The ex-dividend date was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Donaldson's dividend payout ratio is currently 33.25%.

Analysts Set New Price Targets

DCI has been the topic of several recent analyst reports. Wells Fargo & Company set a $91.00 price target on Donaldson in a research report on Thursday, June 4th. Robert W. Baird lifted their target price on Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $95.00 target price on Donaldson in a report on Friday, August 28th. Wall Street Zen raised shares of Donaldson from a "hold" rating to a "buy" rating in a research report on Sunday, August 9th. Finally, Weiss Ratings upgraded shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $101.00.

Donaldson 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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