Sit Investment Associates Inc. Has $7.38 Million Holdings in Donaldson Company, Inc. $DCI

Key Points

• Sit Investment Associates Inc. sold 49,140 shares of Donaldson Company, Inc., reducing its stake by 30.9% and now holds 110,085 shares valued at approximately $7.38 million.
• The company's stock has seen a 1.8% decline, with current trading at around $74.38, and analysts predict an EPS of 3.64 for the current fiscal year.
• Donaldson recently announced a quarterly dividend of $0.30 per share, with a dividend yield of 1.6% and a payout ratio of 40.27%.

Sit Investment Associates Inc. decreased its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 30.9% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 110,085 shares of the industrial products company's stock after selling 49,140 shares during the period. Sit Investment Associates Inc. owned about 0.09% of Donaldson worth $7,382,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Colonial Trust Co SC acquired a new position in Donaldson in the 4th quarter worth approximately $25,000. Cullen Frost Bankers Inc. acquired a new position in Donaldson in the 1st quarter worth approximately $29,000. Johnson Financial Group Inc. boosted its stake in 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 purchasing an additional 195 shares during the period. Wood Tarver Financial Group LLC acquired a new position in Donaldson in the 4th quarter worth approximately $42,000. Finally, CX Institutional acquired a new position in Donaldson in the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Donaldson Stock Down 0.9%

Shares of NYSE:DCI traded down $0.67 during trading on Wednesday, reaching $74.34. 685,086 shares of the company traded hands, compared to its average volume of 493,148. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $78.95. The firm has a fifty day simple moving average of $71.10 and a 200 day simple moving average of $68.81. The firm has a market cap of $8.66 billion, a P/E ratio of 24.95, a price-to-earnings-growth ratio of 1.83 and a beta of 0.99.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The business had revenue of $940.10 million during the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the previous year, the business earned $0.92 EPS. Donaldson's quarterly 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. Analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th will be paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, August 12th. Donaldson's payout ratio is presently 40.27%.

Wall Street Analysts Forecast Growth

DCI has been the subject of a number of research reports. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Robert W. Baird lifted 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, Morgan Stanley reissued an "underweight" rating and set a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $70.00.

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.