Swedbank AB Has $34.52 Million Stock Position in Donaldson Company, Inc. $DCI

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 grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 98.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 514,800 shares of the industrial products company's stock after buying an additional 255,400 shares during the quarter. Swedbank AB owned 0.44% of Donaldson worth $34,522,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Voya Investment Management LLC grew its holdings in shares of Donaldson by 20.9% during the first quarter. Voya Investment Management LLC now owns 157,802 shares of the industrial products company's stock valued at $10,582,000 after buying an additional 27,325 shares during the last quarter. Advisors Capital Management LLC grew its holdings in shares of Donaldson by 0.8% during the first quarter. Advisors Capital Management LLC now owns 33,111 shares of the industrial products company's stock valued at $2,220,000 after buying an additional 258 shares during the last quarter. Focus Partners Wealth boosted its holdings in Donaldson by 314.0% during the first quarter. Focus Partners Wealth now owns 57,028 shares of the industrial products company's stock worth $3,824,000 after purchasing an additional 43,254 shares during the last quarter. Integrity Alliance LLC. bought a new stake in Donaldson in the 1st quarter worth about $459,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Donaldson by 8.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 474,072 shares of the industrial products company's stock worth $31,791,000 after purchasing an additional 37,176 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Donaldson

In related news, insider Amy C. Becker sold 18,500 shares of Donaldson stock in a transaction that occurred on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the completion of the transaction, the insider directly owned 44,645 shares in the company, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 31,900 shares of Donaldson stock in a transaction that occurred on 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 completion of the transaction, the director owned 29,330 shares of the company's stock, valued at $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 63,900 shares of company stock worth $5,129,264 in the last quarter. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Morgan Stanley upped their price objective on shares of Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 2nd. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Robert W. Baird upped 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. Finally, Stifel Nicolaus upped their price objective on shares of Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research report on Thursday, August 28th. One investment 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 stock presently has a consensus rating of "Hold" and an average price target of $80.33.

Donaldson Trading Down 0.9%

Shares of DCI stock opened at $80.91 on Friday. The company has a 50 day moving average of $74.42 and a 200-day moving average of $69.94. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $83.31. The firm has a market cap of $9.43 billion, a P/E ratio of 26.53, a PEG ratio of 1.94 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $951.59 million. During the same quarter last year, the business posted $0.94 EPS. Donaldson'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. Sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently declared 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 was Tuesday, August 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. Donaldson's dividend payout ratio (DPR) is presently 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.

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