Donaldson Company, Inc. $DCI Shares Bought by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 10,438.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,801,481 shares of the industrial products company’s stock after buying an additional 1,784,386 shares during the period. Pictet Asset Management Holding SA’s holdings in Donaldson were worth $152,873,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DCI. Leonteq Securities AG purchased a new position in Donaldson during the fourth quarter valued at approximately $40,000. Eagle Bay Advisors LLC acquired a new position in Donaldson during the fourth quarter worth $45,000. Clearstead Advisors LLC raised its position in shares of Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the last quarter. Strive Financial Group LLC purchased a new position in shares of Donaldson in the fourth quarter valued at approximately $57,000. Finally, Steph & Co. lifted its holdings in Donaldson by 76.4% in the 4th quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 409 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Up 0.0%

Donaldson stock opened at $88.56 on Monday. Donaldson Company, Inc. has a twelve month low of $68.96 and a twelve month high of $112.84. The stock’s fifty day simple moving average is $85.55 and its 200-day simple moving average is $91.44. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $10.26 billion, a P/E ratio of 23.81, a P/E/G ratio of 2.24 and a beta of 0.95.

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

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, June 15th. This is a boost from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Insider Activity at Donaldson

In other news, Director James Owens sold 13,753 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 19,800 shares of company stock worth $1,765,184 over the last three months. Insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on DCI shares. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Morgan Stanley decreased their target price on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. Robert W. Baird decreased their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Wells Fargo & Company set a $91.00 target price on shares of Donaldson in a report on Thursday, June 4th. Finally, Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research report on Monday, June 22nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.