Tidal Investments LLC Sells 57,861 Shares of Donaldson Company, Inc. $DCI

Key Points

• Tidal Investments cut its Donaldson Company stake by 83.8% in the second quarter, selling 57,861 shares and retaining 11,195 shares valued at approximately $1.005 million. Institutional investors and hedge funds collectively own 82.81% of DCI.
• Donaldson exceeded quarterly expectations, reporting $1.15 in EPS versus the $1.13 consensus and $1.06 billion in revenue, up 8% year over year. The company issued fiscal 2027 EPS guidance of $4.22–$4.38.
• Donaldson pays a quarterly dividend of $0.32 per share, or $1.28 annually, yielding about 1.5%. Analysts maintain a “Moderate Buy” consensus with an average price target of $101, although one recent rating was downgraded to “Hold.”

Tidal Investments LLC decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 83.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,195 shares of the industrial products company's stock after selling 57,861 shares during the quarter. Tidal Investments LLC's holdings in Donaldson were worth $1,005,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. HB Wealth Management LLC increased its stake in Donaldson by 3.8% during the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company's stock valued at $297,000 after purchasing an additional 129 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Donaldson by 4.8% during the first quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company's stock valued at $248,000 after buying an additional 133 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Donaldson by 8.9% in the 1st quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company's stock worth $145,000 after acquiring an additional 139 shares during the last quarter. Studio Investment Management LLC lifted its position in Donaldson by 1.6% in the 2nd quarter. Studio Investment Management LLC now owns 11,413 shares of the industrial products company's stock valued at $1,025,000 after acquiring an additional 185 shares in the last quarter. Finally, Perkins Capital Management Inc. boosted its stake in Donaldson by 4.5% during the 1st quarter. Perkins Capital Management Inc. now owns 4,600 shares of the industrial products company's stock valued at $390,000 after purchasing an additional 200 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Performance

Shares of Donaldson stock opened at $86.39 on Friday. The business's fifty day simple moving average is $92.21 and its 200 day simple moving average is $88.53. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a 12 month low of $79.42 and a 12 month high of $112.84. The firm has a market capitalization of $10.01 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92.

Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The business's revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, analysts anticipate that Donaldson Company, Inc. will post 4.34 EPS for the current year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Donaldson's dividend payout ratio (DPR) is 33.25%.

Analyst Ratings Changes

DCI has been the subject of several recent research reports. Robert W. Baird upped their price target on Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a report on Thursday, August 27th. Wall Street Zen downgraded shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday. Wells Fargo & Company set a $91.00 target price on shares of Donaldson in a research note on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research report on Thursday, August 20th. Finally, Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a report on Friday, August 28th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $101.00.

About Donaldson

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts. Founded in 1915, the company develops products that help protect engines, equipment, manufacturing processes and people from airborne and liquid contaminants.

Donaldson's products include air and liquid filters, dust and fume collectors, hydraulic and process filtration systems, exhaust and emissions solutions, and replacement filtration parts. Its technologies are used in applications such as heavy-duty and off-road equipment, agriculture, construction, mining, transportation, power generation, manufacturing, and other industrial operations.

The company serves original equipment manufacturers, distributors and end users through operations and sales channels spanning North America, Europe, Asia-Pacific and other international markets.

Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.