Raymond James Financial Inc. Grows Stock Holdings in Donaldson Company, Inc. $DCI

Key Points

• Raymond James Financial Inc. increased its holdings in Donaldson Company, Inc. by 26.3%, acquiring an additional 54,107 shares during the first quarter, bringing its total ownership to nearly 0.22% valued at $17.4 million.
• Donaldson's recent quarterly earnings reported $1.03 earnings per share, surpassing estimates, with revenue reaching $980.7 million, a 4.8% year-over-year increase.
• A quarterly dividend of $0.30 per share was recently declared, representing an annual yield of 1.5% with a payout ratio of 40.27%.

Raymond James Financial Inc. grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 26.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 259,980 shares of the industrial products company's stock after purchasing an additional 54,107 shares during the quarter. Raymond James Financial Inc. owned approximately 0.22% of Donaldson worth $17,434,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Colonial Trust Co SC purchased a new position in shares of Donaldson in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. purchased a new position in shares of Donaldson in the 1st quarter worth approximately $29,000. Johnson Financial Group Inc. grew its position in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock worth $42,000 after buying an additional 195 shares during the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Donaldson in the 4th quarter worth approximately $42,000. Finally, CX Institutional purchased a new position in shares of Donaldson in the 1st quarter worth approximately $53,000. Institutional investors own 82.81% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on DCI. Robert W. Baird lifted their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an "outperform" rating in a research report on Friday. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Morgan Stanley lifted their price objective on shares of Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research report on Tuesday. Finally, Stifel Nicolaus lifted their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research report on Thursday, August 28th. One equities research 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.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $80.33.

Donaldson Stock Performance

NYSE:DCI traded down $0.04 during trading hours on Tuesday, hitting $79.63. 702,948 shares of the company were exchanged, compared to its average volume of 657,812. The stock has a market capitalization of $9.28 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 1.89 and a beta of 1.01. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $83.31. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.24. The company's 50 day moving average price is $72.76 and its 200-day moving average price is $69.30.

Donaldson (NYSE:DCI - Get Free Report) last released its 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. The company had revenue of $980.70 million for the quarter, compared to the consensus estimate of $951.59 million. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. Donaldson's revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, research analysts forecast 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 issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson's dividend payout ratio is 39.34%.

Insider Buying and Selling at Donaldson

In other news, insider Amy C. Becker sold 18,500 shares of the company's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the sale, the insider directly owned 44,645 shares of the company's stock, valued at $3,647,942.95. This represents a 29.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Trudy A. Rautio sold 31,900 shares of the company's stock in a transaction on Thursday, August 28th. The shares were 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 $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. 2.70% of the stock is owned by corporate insiders.

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.