Donaldson Company, Inc. $DCI Shares Bought by Carnegie Investment Counsel

Carnegie Investment Counsel grew its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 363,710 shares of the industrial products company’s stock after buying an additional 10,053 shares during the quarter. Carnegie Investment Counsel’s holdings in Donaldson were worth $29,581,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Pictet Asset Management Holding SA lifted its holdings in shares of Donaldson by 10,438.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock valued at $152,873,000 after purchasing an additional 1,784,386 shares during the last quarter. William Blair Investment Management LLC increased its position in Donaldson by 26,235.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock worth $151,420,000 after buying an additional 1,701,387 shares during the period. Norges Bank purchased a new stake in Donaldson in the fourth quarter valued at approximately $120,186,000. Fuller & Thaler Asset Management Inc. lifted its stake in Donaldson by 22.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock valued at $187,037,000 after buying an additional 380,419 shares during the last quarter. Finally, Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Donaldson in the fourth quarter valued at approximately $22,872,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In related news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director owned 22,565 shares in the company, valued at $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.20% of the stock is owned by corporate insiders.

Donaldson Stock Performance

Shares of NYSE:DCI traded up $0.57 during trading on Friday, reaching $89.09. The company had a trading volume of 533,939 shares, compared to its average volume of 766,174. Donaldson Company, Inc. has a fifty-two week low of $69.03 and a fifty-two week 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 1.55. The stock’s fifty day moving average price is $85.72 and its 200 day moving average price is $91.25. The firm has a market capitalization of $10.33 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.26 and a beta of 0.93.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The firm had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. Donaldson’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the firm posted $0.99 EPS. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. As a group, equities research analysts predict that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were issued 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 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. Donaldson’s dividend payout ratio is currently 34.41%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on DCI. Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Robert W. Baird decreased their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Stifel Nicolaus lowered their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research note on Thursday, June 4th. Finally, Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Donaldson presently has a consensus rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Company 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.