TD Asset Management Inc Sells 82,610 Shares of Donaldson Company, Inc. $DCI

TD Asset Management Inc decreased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 7.5% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,025,579 shares of the industrial products company’s stock after selling 82,610 shares during the period. TD Asset Management Inc’s holdings in Donaldson were worth $90,928,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of DCI. Leonteq Securities AG bought a new stake in Donaldson in the fourth quarter valued at approximately $40,000. Eagle Bay Advisors LLC acquired a new position in shares of Donaldson in the fourth quarter valued at approximately $45,000. Clearstead Advisors LLC grew its position in shares of Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 288 shares during the last quarter. CENTRAL TRUST Co grew its position in shares of Donaldson by 40.3% in the third quarter. CENTRAL TRUST Co now owns 1,024 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 294 shares during the last quarter. Finally, Steph & Co. grew its position in shares of Donaldson by 76.4% in the fourth quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 409 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on DCI. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday. Morgan Stanley decreased their target price on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Finally, Stifel Nicolaus decreased their target price on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.83.

Insider Transactions at Donaldson

In related news, Director James Owens sold 13,753 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the sale, the director owned 22,565 shares of the company’s stock, valued at $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders sold a total of 19,800 shares of company stock worth $1,765,184 over the last 90 days. Corporate insiders own 2.20% of the company’s stock.

Donaldson Trading Down 1.2%

Shares of NYSE:DCI opened at $84.20 on Friday. The company has a market capitalization of $9.75 billion, a P/E ratio of 22.63, a P/E/G ratio of 2.15 and a beta of 0.95. Donaldson Company, Inc. has a 1 year low of $67.71 and a 1 year high of $112.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.46. The business’s 50 day simple moving average is $85.78 and its 200 day simple moving average is $91.77.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.99 earnings per share. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. On average, research analysts anticipate that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be given a dividend of $0.32 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. Donaldson’s dividend payout ratio (DPR) is currently 34.41%.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.