70,448 Shares in Donaldson Company, Inc. $DCI Purchased by Hsbc Holdings PLC

Hsbc Holdings PLC acquired a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 70,448 shares of the industrial products company’s stock, valued at approximately $6,310,000.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in shares of Donaldson in the second quarter valued at approximately $1,072,012,000. State Street Corp boosted its stake in Donaldson by 0.7% during the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after buying an additional 36,866 shares during the last quarter. Geode Capital Management LLC boosted its stake in Donaldson by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock worth $252,386,000 after buying an additional 15,674 shares during the last quarter. Morgan Stanley grew its holdings in Donaldson by 1.9% in the 4th quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock valued at $225,389,000 after buying an additional 47,062 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its holdings in Donaldson by 22.0% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Trading Down 0.6%

Shares of Donaldson stock opened at $91.81 on Friday. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 2.14 and a beta of 0.92. Donaldson Company, Inc. has a fifty-two week low of $78.52 and a fifty-two week high of $112.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.55 and a current ratio of 2.08. The stock has a 50 day moving average of $92.01 and a 200 day moving average of $90.33.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. The company’s revenue for the quarter was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, research analysts predict that Donaldson Company, Inc. will post 4.32 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s payout ratio is 34.41%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on DCI shares. Stifel Nicolaus set a $95.00 target price on Donaldson in a research note on Friday. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Robert W. Baird raised their price objective on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday. Finally, Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Donaldson presently has an average rating of “Moderate Buy” and an average target price of $101.00.

About Donaldson

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.