Sanctuary Advisors LLC Makes New Investment in Donaldson Company, Inc. $DCI

Sanctuary Advisors LLC acquired a new stake in Donaldson Company, Inc. (NYSE:DCI) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,836 shares of the industrial products company’s stock, valued at approximately $703,000.

A number of other institutional investors also recently modified their holdings of DCI. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Donaldson in the 2nd quarter worth $5,043,000. Meiji Yasuda Asset Management Co Ltd. bought a new stake in Donaldson during the 2nd quarter valued at $3,038,000. First Nebraska Trust Co bought a new stake in Donaldson during the 2nd quarter valued at $7,299,000. Commerce Bank acquired a new position in Donaldson during the second quarter worth $2,058,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in Donaldson during the second quarter worth $83,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Donaldson Trading Down 0.6%

NYSE:DCI opened at $91.81 on Friday. Donaldson Company, Inc. has a 52 week low of $78.52 and a 52 week high of $112.84. The firm has a 50-day moving average price of $92.01 and a two-hundred day moving average price of $90.33. 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 firm has a market cap of $10.64 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92.

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

Donaldson Announces Dividend

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