Susquehanna Fundamental Investments LLC Grows Stake in Donaldson Company, Inc. $DCI

Key Points

• Susquehanna Fundamental Investments increased its Donaldson stake by 75.8% in the second quarter, reaching 152,315 shares valued at approximately $13.7 million. Institutional investors collectively own 82.81% of DCI.
• Analysts have a “Moderate Buy” consensus on Donaldson, with an average price target of $101; Robert W. Baird raised its target to $110 and maintained an “outperform” rating.
• Donaldson exceeded quarterly expectations with earnings of $1.15 per share and revenue of $1.06 billion, while revenue grew 8% year over year. The company also announced a quarterly dividend of $0.32 per share, equivalent to a 1.4% annualized yield.

Susquehanna Fundamental Investments LLC lifted its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 75.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 152,315 shares of the industrial products company's stock after acquiring an additional 65,692 shares during the quarter. Susquehanna Fundamental Investments LLC owned 0.13% of Donaldson worth $13,673,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DCI. First Nebraska Trust Co purchased a new position in Donaldson in the second quarter valued at about $7,299,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Donaldson by 3,094.9% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company's stock valued at $3,934,000 after buying an additional 42,988 shares during the last quarter. Artemis Investment Management LLP acquired a new position in shares of Donaldson in the fourth quarter valued at about $1,494,000. BlackRock Inc. acquired a new position in Donaldson in the 2nd quarter worth approximately $1,072,012,000. Finally, Swedbank AB increased its stake in shares of Donaldson by 2.6% in the fourth quarter. Swedbank AB now owns 528,100 shares of the industrial products company's stock worth $46,821,000 after acquiring an additional 13,300 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Wall Street Zen raised Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research note on Friday. Robert W. Baird upped their price target on Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday. Finally, Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $101.00.

Donaldson Stock Down 0.1%

Donaldson stock opened at $91.81 on Monday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41. Donaldson Company, Inc. has a 1-year low of $78.52 and a 1-year high of $112.84. The company has a market cap of $10.64 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92. The stock's 50 day moving average price is $92.01 and its 200 day moving average price is $90.20.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the company earned $1.03 EPS. The company's quarterly revenue was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, sell-side analysts predict that Donaldson Company, Inc. will post 4.32 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson's payout ratio is presently 33.25%.

Donaldson Company Profile

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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