Legal & General Group Plc Takes Position in Donaldson Company, Inc. $DCI

Key Points

• Legal & General Group purchased 157,887 shares of Donaldson, valued at approximately $14.2 million, giving it a 0.14% stake. Institutional investors collectively own 82.81% of the company.
• Donaldson exceeded quarterly expectations with earnings of $1.15 per share and revenue of $1.06 billion, while revenue increased 8% year over year. The company issued a quarterly dividend of $0.32 per share, equivalent to a 1.4% annual yield.
• Analyst sentiment is positive, with a consensus rating of “Moderate Buy” and an average price target of $101, compared with the stock’s reported opening price of $91.81.

Legal & General Group Plc purchased a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 157,887 shares of the industrial products company's stock, valued at approximately $14,174,000. Legal & General Group Plc owned 0.14% of Donaldson as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in DCI. TIAA Trust National Association lifted its position in shares of Donaldson by 2.0% in the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company's stock worth $496,000 after purchasing an additional 108 shares during the period. HB Wealth Management LLC lifted its holdings in Donaldson by 3.8% in the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company's stock worth $297,000 after buying an additional 129 shares during the period. Quadrant Capital Group LLC boosted its position in Donaldson by 2.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company's stock valued at $500,000 after acquiring an additional 132 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Donaldson by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company's stock worth $248,000 after acquiring an additional 133 shares during the period. Finally, Bessemer Group Inc. grew its holdings in shares of Donaldson by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company's stock worth $145,000 after acquiring an additional 139 shares during the period. Institutional investors own 82.81% of the company's stock.

Donaldson Stock Down 0.1%

DCI stock opened at $91.81 on Monday. The business has a 50 day moving average of $92.01 and a 200 day moving average of $90.20. The firm has a market cap of $10.64 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. Donaldson Company, Inc. has a twelve month low of $78.52 and a twelve month high of $112.84. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.13 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The company's quarterly revenue was up 8.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.03 earnings per share. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, research analysts forecast that Donaldson Company, Inc. will post 4.32 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson's dividend payout ratio (DPR) is currently 33.25%.

Wall Street Analyst Weigh In

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