Russell Investments Group Ltd. Boosts Holdings in Donaldson Company, Inc. $DCI

Key Points

• Russell Investments Group Ltd. increased its stake in Donaldson Company, Inc. by 15.8% during the first quarter, holding approximately $6,250,000 worth of shares.
• Donaldson recently reported earnings of $0.99 EPS for the quarter, exceeding estimates, with a year-over-year revenue increase of 1.3%.
• The company announced a quarterly dividend of $0.30 per share, yielding 1.6% annually, with an upcoming payment date on August 27.

Russell Investments Group Ltd. boosted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 15.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,205 shares of the industrial products company's stock after purchasing an additional 12,706 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Donaldson worth $6,250,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Co SC purchased a new stake in Donaldson in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. bought a new position in shares of Donaldson in the 1st quarter worth $29,000. Johnson Financial Group Inc. increased its holdings 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 bought a new position in shares of Donaldson in the 4th quarter worth $42,000. Finally, CX Institutional bought a new position in shares of Donaldson in the 1st quarter worth $53,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Up 2.5%

Donaldson stock traded up $1.8450 during trading hours on Friday, reaching $75.7350. The stock had a trading volume of 636,298 shares, compared to its average volume of 509,533. The stock has a market cap of $8.82 billion, a PE ratio of 25.41, a PEG ratio of 1.85 and a beta of 0.99. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The company has a fifty day simple moving average of $71.32 and a 200-day simple moving average of $68.87.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The company's revenue was up 1.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.92 EPS. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. Analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders 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 yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson's dividend payout ratio (DPR) is 40.27%.

Wall Street Analyst Weigh In

DCI has been the topic of a number of research analyst reports. Robert W. Baird increased their price target on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Morgan Stanley reissued an "underweight" rating and issued a $69.00 price target (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. One investment analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $70.00.

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.