Parallel Advisors LLC Sells 4,495 Shares of Donaldson Company, Inc. $DCI

Key Points

• Parallel Advisors LLC reduced its stake in Donaldson Company, Inc. by 2.9%, owning 150,313 shares valued at approximately $10.4 million after selling 4,495 shares in the 2nd quarter.
• Insider trading activity involved President Guillermo Briseno and Director Trudy A. Rautio selling a total of 45,400 shares, resulting in significant decreases in their ownership stakes.
• Donaldson Company reported Q3 earnings of $1.03 per share, exceeding analyst estimates, with revenues increasing by 4.8% year-over-year, leading to a market capitalization of $9.43 billion.

Parallel Advisors LLC lessened its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 150,313 shares of the industrial products company's stock after selling 4,495 shares during the quarter. Parallel Advisors LLC owned 0.13% of Donaldson worth $10,424,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new position in Donaldson in the first quarter worth approximately $29,000. Brooklyn Investment Group lifted its stake in Donaldson by 113.9% in the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock worth $40,000 after acquiring an additional 320 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new position in Donaldson in the fourth quarter worth approximately $42,000. CX Institutional purchased a new position in Donaldson in the first quarter worth approximately $53,000. Finally, Smartleaf Asset Management LLC lifted its stake in Donaldson by 34.3% in the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock worth $54,000 after acquiring an additional 205 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Insider Buying and Selling

In related news, President Guillermo Briseno sold 13,500 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the transaction, the president directly owned 25,309 shares of the company's stock, valued at approximately $2,000,170.27. This represents a 34.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the transaction, the director directly owned 29,330 shares of the company's stock, valued at approximately $2,345,226.80. This trade represents a 52.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 63,900 shares of company stock valued at $5,129,264. 2.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DCI. Robert W. Baird raised their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Stifel Nicolaus raised their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a report on Thursday, August 28th. Morgan Stanley lifted their target price on shares of Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One investment 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 data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $80.33.

Donaldson Stock Down 0.7%

NYSE DCI traded down $0.56 during trading hours on Friday, hitting $81.19. 179,687 shares of the company traded hands, compared to its average volume of 597,086. The business's 50-day moving average is $75.23 and its 200-day moving average is $70.28. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $83.31. 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 stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 26.63, a P/E/G ratio of 1.91 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share for the quarter, topping the consensus estimate of $1.02 by $0.01. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The business had revenue of $980.70 million during the quarter, compared to analysts' expectations of $951.59 million. During the same period last year, the firm posted $0.94 EPS. The firm's revenue for the quarter was up 4.8% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

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

Donaldson Company 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.