Nuveen LLC bought a new position in Donaldson Company, Inc. (NYSE:DCI - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 234,816 shares of the industrial products company's stock, valued at approximately $15,747,000. Nuveen LLC owned 0.20% of Donaldson at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of DCI. Barclays PLC increased its stake in shares of Donaldson by 53.1% in the fourth quarter. Barclays PLC now owns 128,236 shares of the industrial products company's stock worth $8,638,000 after purchasing an additional 44,498 shares during the period. CANADA LIFE ASSURANCE Co increased its position in Donaldson by 15.7% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 105,184 shares of the industrial products company's stock worth $7,082,000 after buying an additional 14,274 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Donaldson by 8.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,615,481 shares of the industrial products company's stock worth $108,804,000 after buying an additional 129,189 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Donaldson by 8.5% in the fourth quarter. MetLife Investment Management LLC now owns 67,508 shares of the industrial products company's stock valued at $4,547,000 after acquiring an additional 5,283 shares during the period. Finally, Tower Research Capital LLC TRC grew 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 worth $755,000 after acquiring an additional 7,289 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.
Donaldson Price Performance
Shares of NYSE DCI traded up $1.8450 during mid-day trading on Friday, hitting $75.7350. 636,298 shares of the stock were exchanged, compared to its average volume of 509,533. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The stock's fifty day simple moving average is $71.32 and its two-hundred day simple moving average is $68.88. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The company has a market cap of $8.82 billion, a P/E ratio of 25.41, a PEG ratio of 1.85 and a beta of 0.99.
Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping the consensus estimate of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%.The business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same period in the previous year, the business earned $0.92 EPS. Donaldson's revenue was up 1.3% compared to the same quarter last year. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. As a group, analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.
Donaldson Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson's payout ratio is currently 40.27%.
Analyst Ratings Changes
Several equities analysts recently commented on the stock. Morgan Stanley reiterated an "underweight" rating and set a $69.00 target price (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Robert W. Baird increased their target price on shares of Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research note on Wednesday, June 4th. Finally, Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $70.00.
Read Our Latest Stock Analysis on DCI
About Donaldson
(
Free Report)
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.
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