Donaldson Company, Inc. $DCI Shares Sold by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC reduced its stake in Donaldson Company, Inc. by 2.3%, selling 8,640 shares and holding 371,285 shares valued at approximately $26.46 million.
• Several institutional investors, including Impax Asset Management and OneDigital Investment Advisors, increased their positions in Donaldson during the first quarter, indicating strong interest in the company.
• Donaldson reported a quarterly EPS of $1.03, exceeding estimates, with a year-over-year revenue increase of 4.8% to $980.70 million.

Wealth Enhancement Advisory Services LLC trimmed its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 2.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 371,285 shares of the industrial products company's stock after selling 8,640 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.32% of Donaldson worth $26,458,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the stock. Cullen Frost Bankers Inc. purchased a new position in shares of Donaldson in the 1st quarter valued at $29,000. Brooklyn Investment Group raised its holdings in Donaldson by 113.9% in the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company's stock worth $40,000 after purchasing an additional 320 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new stake in shares of Donaldson during the fourth quarter valued at about $42,000. CX Institutional bought a new stake in shares of Donaldson in the 1st quarter valued at about $53,000. Finally, Smartleaf Asset Management LLC grew 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 during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

Donaldson Stock Performance

Shares of NYSE DCI traded down $0.09 during midday trading on Monday, reaching $80.99. 221,316 shares of the stock were exchanged, compared to its average volume of 606,020. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The firm has a market cap of $9.44 billion, a price-to-earnings ratio of 26.54, a PEG ratio of 1.92 and a beta of 1.01. The firm has a 50-day simple moving average of $75.45 and a two-hundred day simple moving average of $70.39. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $83.31.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.02 by $0.01. The company had revenue of $980.70 million for the quarter, compared to analyst estimates of $951.59 million. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The firm's revenue was up 4.8% on a year-over-year basis. During the same quarter last year, the business earned $0.94 earnings per share. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced 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. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson's dividend payout ratio is presently 39.34%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Robert W. Baird increased their price objective on Donaldson from $78.00 to $85.00 and gave the company an "outperform" rating in a report on Friday, August 29th. Morgan Stanley raised their price objective on Donaldson from $69.00 to $72.00 and gave the stock an "underweight" rating in a research report on Tuesday, September 2nd. Finally, Stifel Nicolaus boosted their target price on Donaldson from $69.00 to $84.00 and gave the stock a "hold" rating in a research note on Thursday, August 28th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $80.33.

Insider Activity

In related news, Director Trudy A. Rautio sold 31,900 shares of Donaldson stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $79.96, for a total value of $2,550,724.00. Following the sale, the director owned 29,330 shares of the company's stock, valued at approximately $2,345,226.80. This trade represents a 52.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of the stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 63,900 shares of company stock worth $5,129,264 in the last quarter. Corporate insiders own 2.70% of the company's stock.

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.