Kayne Anderson Rudnick Investment Management LLC Buys 1,430,120 Shares of Donaldson Company, Inc. $DCI

Key Points

• Kayne Anderson Rudnick Investment Management LLC increased its stake in Donaldson Company, Inc. (NYSE: DCI) by 75.3%, owning 3,330,602 shares worth approximately $223.35 million.
• Donaldson recently announced a quarterly dividend of $0.30 per share, with an annualized dividend representing a yield of 1.6%.
• The company's last quarter earnings surpassed estimates, reporting $0.99 earnings per share, and a revenue increase of 1.3% year-over-year.

Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 75.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,330,602 shares of the industrial products company's stock after buying an additional 1,430,120 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 2.79% of Donaldson worth $223,350,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP raised its stake in Donaldson by 8.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company's stock worth $108,804,000 after purchasing an additional 129,189 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Donaldson by 186.2% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,204 shares of the industrial products company's stock valued at $755,000 after buying an additional 7,289 shares during the period. Hsbc Holdings PLC boosted its stake in shares of Donaldson by 15.7% in the fourth quarter. Hsbc Holdings PLC now owns 51,890 shares of the industrial products company's stock valued at $3,495,000 after buying an additional 7,040 shares during the period. Price T Rowe Associates Inc. MD grew its position in Donaldson by 9.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 70,072 shares of the industrial products company's stock worth $4,720,000 after buying an additional 6,114 shares in the last quarter. Finally, MGO One Seven LLC increased its stake in Donaldson by 155.0% during the 4th quarter. MGO One Seven LLC now owns 7,988 shares of the industrial products company's stock worth $538,000 after acquiring an additional 4,856 shares during the period. Institutional investors own 82.81% of the company's stock.

Wall Street Analyst Weigh In

DCI has been the topic of several analyst reports. Robert W. Baird increased their target price on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Stifel Nicolaus increased their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research note on Thursday. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Morgan Stanley reiterated an "underweight" rating and set a $69.00 price target (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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $77.00.

Donaldson Trading Down 2.4%

NYSE:DCI traded down $2.00 during trading hours on Thursday, hitting $80.14. 1,505,121 shares of the company were exchanged, compared to its average volume of 596,979. The stock has a market capitalization of $9.34 billion, a price-to-earnings ratio of 26.89, a price-to-earnings-growth ratio of 1.85 and a beta of 0.99. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $83.31. The company has a fifty day simple moving average of $71.88 and a 200 day simple moving average of $69.03. 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 issued its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share for the quarter, beating the consensus estimate of $1.02 by $0.01. Donaldson had a return on equity of 28.86% and a net margin of 9.94%.The company had revenue of $980.70 million during the quarter, compared to analysts' expectations of $951.59 million. During the same quarter in the prior year, the firm posted $0.94 earnings per share. The business's quarterly revenue was up 4.8% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. Sell-side analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

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

Donaldson 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.