Teacher Retirement System of Texas decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,088 shares of the industrial products company's stock after selling 59,356 shares during the quarter. Teacher Retirement System of Texas owned about 0.10% of Donaldson worth $7,852,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of the company. Colonial Trust Co SC acquired a new stake in Donaldson in the fourth quarter worth about $25,000. Johnson Financial Group Inc. lifted its holdings in Donaldson by 48.8% in the fourth 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. Smartleaf Asset Management LLC lifted its holdings in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after purchasing an additional 180 shares during the period. Wood Tarver Financial Group LLC acquired a new stake in Donaldson in the fourth quarter worth about $42,000. Finally, CX Institutional acquired a new stake in Donaldson in the first quarter worth about $53,000. Institutional investors and hedge funds own 82.81% of the company's stock.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on DCI shares. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday. Robert W. Baird boosted their price target on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus dropped their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley reiterated an "underweight" rating and issued a $69.00 price target (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th.
View Our Latest Research Report on Donaldson
Insider Buying and Selling at Donaldson
In other news, Director James Owens sold 18,700 shares of the company's stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director owned 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by corporate insiders.
Donaldson Price Performance
Donaldson stock traded up $0.10 during midday trading on Friday, hitting $71.26. The company's stock had a trading volume of 395,314 shares, compared to its average volume of 560,839. The stock's 50-day moving average price is $69.01 and its 200-day moving average price is $68.16. The company has a quick ratio of 1.24, a current ratio of 1.94 and a debt-to-equity ratio of 0.44. The company has a market capitalization of $8.30 billion, a PE ratio of 23.91, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98. 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 posted its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.04. The firm 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 for the quarter was up 1.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.92 EPS. Analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.
Donaldson Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Donaldson's previous quarterly dividend of $0.27. Donaldson's payout ratio is presently 40.27%.
About Donaldson
(
Free Report)
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.
Featured Stories
Before you consider Donaldson, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Donaldson wasn't on the list.
While Donaldson currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
