Kingstone Capital Partners Texas LLC Makes New Investment in Donaldson Company, Inc. $DCI

Key Points

• Kingstone Capital Partners Texas LLC has invested approximately $679.48 million in Donaldson Company, acquiring 10,500,737 shares, which accounts for 9.01% of the company's stock.
• Analysts have varied expectations for Donaldson, with the stock receiving a consensus 'Hold' rating and an average price target of $80.33.
• Donaldson Company recently announced a quarterly dividend of $0.30 per share, reflecting a yield of 1.5% and a payout ratio of 39.34%.

Kingstone Capital Partners Texas LLC bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 10,500,737 shares of the industrial products company's stock, valued at approximately $679,475,000. Kingstone Capital Partners Texas LLC owned approximately 9.01% of Donaldson at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Donaldson by 75.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company's stock worth $223,350,000 after acquiring an additional 1,430,120 shares in the last quarter. Fiduciary Management Inc. WI raised its stake in shares of Donaldson by 13.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company's stock valued at $167,634,000 after purchasing an additional 290,477 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Donaldson by 12.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company's stock valued at $121,926,000 after purchasing an additional 202,746 shares during the period. Fuller & Thaler Asset Management Inc. raised its stake in shares of Donaldson by 0.3% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,598,281 shares of the industrial products company's stock valued at $107,181,000 after purchasing an additional 4,041 shares during the period. Finally, Close Asset Management Ltd raised its stake in shares of Donaldson by 27.9% in the 1st quarter. Close Asset Management Ltd now owns 1,298,164 shares of the industrial products company's stock valued at $87,074,000 after purchasing an additional 283,060 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

Shares of DCI traded up $0.27 during trading hours on Tuesday, reaching $81.16. The stock had a trading volume of 176,218 shares, compared to its average volume of 605,447. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $83.31. The stock has a market capitalization of $9.46 billion, a PE ratio of 26.61, a PEG ratio of 1.92 and a beta of 1.00. 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 company's 50-day moving average is $75.66 and its two-hundred day moving average is $70.47.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.01. Donaldson had a return on equity of 29.50% 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 period in the prior year, the company earned $0.94 EPS. Donaldson's revenue was up 4.8% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. Research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson's dividend payout ratio (DPR) is currently 39.34%.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the completion of the sale, the director directly owned 29,330 shares in the company, valued at approximately $2,345,226.80. This trade represents a 52.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amy C. Becker sold 18,500 shares of the 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 sale, the insider owned 44,645 shares of the company's stock, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock valued at $5,129,264 in the last three months. Insiders own 2.70% of the company's stock.

Wall Street Analyst Weigh In

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

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.