Donaldson Company, Inc. $DCI Position Increased by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. significantly increased its stake in Donaldson Company, purchasing an additional 33,114 shares, bringing its total ownership to 48,012 shares valued at $3.22 million.
• Donaldson recently reported earnings of $0.99 per share, surpassing estimates and indicating a 1.3% increase in revenue year-over-year.
• The company has announced a dividend of $0.30 per share, representing an annualized yield of 1.6%.

Vestmark Advisory Solutions Inc. grew its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 222.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 48,012 shares of the industrial products company's stock after purchasing an additional 33,114 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Donaldson were worth $3,220,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Colonial Trust Co SC acquired a new position in shares of Donaldson during the fourth quarter valued at $25,000. Cullen Frost Bankers Inc. acquired a new position in Donaldson in the first quarter valued at about $29,000. Johnson Financial Group Inc. raised its position in shares of Donaldson by 48.8% during 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. Wood Tarver Financial Group LLC bought a new position in shares of Donaldson during the 4th quarter worth approximately $42,000. Finally, CX Institutional bought a new position in shares of Donaldson during the 1st quarter worth approximately $53,000. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on DCI. Wall Street Zen cut Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley reaffirmed an "underweight" rating and set a $69.00 price target (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Finally, Robert W. Baird increased their price target on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $70.00.

Donaldson Stock Performance

Shares of NYSE:DCI traded down $0.3850 during midday trading on Thursday, hitting $73.9350. The company had a trading volume of 92,052 shares, compared to its average volume of 576,219. The company has a market cap of $8.61 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 1.83 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The company has a fifty day moving average of $71.10 and a two-hundred day moving average of $68.81. 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 for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The company had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. Donaldson has set its FY 2025 guidance at 3.640-3.700 EPS. On average, equities research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, August 12th. Donaldson's dividend payout ratio is presently 40.27%.

Donaldson Company Profile

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.