Donaldson Company, Inc. $DCI Shares Sold by State Farm Mutual Automobile Insurance Co.

Key Points

• State Farm Mutual Automobile Insurance Co. reduced its holdings in Donaldson Company, Inc. by 1.6%, owning approximately 9.14 million shares valued at $613.1 million as of its latest SEC filing.
• According to recent analyst reports, Donaldson has received mixed ratings, with Morgan Stanley maintaining an "underweight" rating while Robert W. Baird upgraded their price target and rating to "outperform."
• Donaldson recently announced a $0.30 per share quarterly dividend, with a total annual yield of 1.6%, reflecting a dividend payout ratio of 40.27%.

State Farm Mutual Automobile Insurance Co. decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,142,617 shares of the industrial products company's stock after selling 144,235 shares during the period. State Farm Mutual Automobile Insurance Co. owned approximately 7.65% of Donaldson worth $613,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its stake in shares of Donaldson by 35.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 203,409 shares of the industrial products company's stock worth $13,700,000 after purchasing an additional 53,376 shares during the period. Cerity Partners LLC lifted its stake in Donaldson by 63.0% in the fourth quarter. Cerity Partners LLC now owns 17,302 shares of the industrial products company's stock worth $1,188,000 after purchasing an additional 6,687 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of Donaldson during the fourth quarter valued at approximately $13,865,000. Sterling Capital Management LLC grew its stake in shares of Donaldson by 55.5% during the fourth quarter. Sterling Capital Management LLC now owns 7,117 shares of the industrial products company's stock valued at $479,000 after buying an additional 2,539 shares during the last quarter. Finally, Barclays PLC grew its stake in shares of Donaldson by 53.1% during the fourth quarter. Barclays PLC now owns 128,236 shares of the industrial products company's stock valued at $8,638,000 after buying an additional 44,498 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Analyst Ratings Changes

DCI has been the subject of a number of research analyst reports. Robert W. Baird raised their price target on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th. Morgan Stanley reiterated an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Finally, Wall Street Zen downgraded Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $70.00.

Donaldson Stock Down 0.9%

NYSE:DCI traded down $0.67 during trading hours on Wednesday, reaching $74.34. The company's stock had a trading volume of 685,086 shares, compared to its average volume of 493,148. The stock has a 50 day moving average price of $71.10 and a two-hundred day moving average price of $68.81. 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 capitalization 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 Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95.

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, beating analysts' consensus estimates of $0.95 by $0.04. The business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%.The business's revenue was up 1.3% compared to the same quarter last year. During the same period last year, the business posted $0.92 EPS. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. Equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced 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. The ex-dividend date is Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.6%. Donaldson's payout ratio is currently 40.27%.

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.