Donaldson Company, Inc. $DCI Shares Purchased by Swedbank AB

Key Points

• Swedbank AB increased its stake in Donaldson Company by 98.5%, owning 514,800 shares valued at approximately $34.52 million after purchasing an additional 255,400 shares in the first quarter.
• Insider trading activities include significant sales by company officials, with Amy C. Becker selling 18,500 shares and Trudy A. Rautio selling 31,900 shares, resulting in a total of 63,900 shares sold worth over $5 million in the last quarter.
• Donaldson's stock currently carries a consensus rating of "Hold" with an average price target of $80.33 and reported quarterly earnings of $1.03 EPS, exceeding estimates.

Swedbank AB increased its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 98.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 514,800 shares of the industrial products company's stock after buying an additional 255,400 shares during the period. Swedbank AB owned about 0.44% of Donaldson worth $34,522,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DCI. Cullen Frost Bankers Inc. purchased a new stake in shares of Donaldson in the 1st quarter worth about $29,000. Brooklyn Investment Group boosted its position in shares of Donaldson by 113.9% in the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock worth $40,000 after buying an additional 320 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Donaldson in the 4th quarter worth about $42,000. CX Institutional purchased a new stake in shares of Donaldson in the 1st quarter worth about $53,000. Finally, Smartleaf Asset Management LLC boosted its position in shares of Donaldson by 34.3% in the 1st quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company's stock worth $54,000 after buying an additional 205 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Robert W. Baird boosted 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, August 29th. Morgan Stanley boosted their target price on shares of Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a research note on Tuesday, September 2nd. Stifel Nicolaus boosted their target price on shares of Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. Finally, Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One research 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. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $80.33.

Insider Activity

In other news, President Guillermo Briseno sold 13,500 shares of the company's stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $79.03, for a total transaction of $1,066,905.00. Following the completion of the transaction, the president owned 25,309 shares of the company's stock, valued at $2,000,170.27. This represents a 34.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Trudy A. Rautio sold 31,900 shares of the company's stock in a transaction dated 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 transaction, the director directly owned 29,330 shares of the company's stock, valued at approximately $2,345,226.80. This represents a 52.10% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock valued at $5,129,264 in the last 90 days. 2.70% of the stock is currently owned by insiders.

Donaldson Price Performance

DCI stock traded up $1.17 during trading on Thursday, hitting $81.81. The stock had a trading volume of 106,602 shares, compared to its average volume of 597,095. The company's 50 day moving average price is $75.03 and its two-hundred day moving average price is $70.19. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $83.31. The stock has a market cap of $9.53 billion, a price-to-earnings ratio of 26.83, a price-to-earnings-growth ratio of 1.92 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter, beating analysts' consensus estimates of $1.02 by $0.01. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The company had revenue of $980.70 million during the quarter, compared to the consensus estimate of $951.59 million. During the same quarter in the prior year, the company posted $0.94 EPS. The company's quarterly revenue was up 4.8% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. Donaldson's dividend payout ratio is currently 39.34%.

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.