80,002 Shares in Donaldson Company, Inc. $DCI Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 80,002 shares of the industrial products company’s stock, valued at approximately $7,182,000. The Manufacturers Life Insurance Company owned about 0.07% of Donaldson as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Royal Bank of Canada boosted its holdings in Donaldson by 38.2% in the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock valued at $6,848,000 after acquiring an additional 28,207 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in Donaldson by 16.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 494 shares during the last quarter. Millennium Management LLC lifted its position in shares of Donaldson by 428.6% in the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock worth $15,020,000 after purchasing an additional 181,602 shares during the period. Goldman Sachs Group Inc. lifted its position in shares of Donaldson by 29.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock worth $18,745,000 after purchasing an additional 62,864 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Donaldson by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 933 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Performance

Shares of Donaldson stock opened at $91.81 on Monday. The business has a 50-day simple moving average of $92.01 and a 200 day simple moving average of $90.20. Donaldson Company, Inc. has a one year low of $78.52 and a one year high of $112.84. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41. The firm has a market capitalization of $10.64 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 2.13 and a beta of 0.92.

Donaldson (NYSE:DCI) last announced its quarterly earnings data 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. The firm had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The company’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, research analysts anticipate that Donaldson Company, Inc. will post 4.32 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Investors 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 dividend payout ratio (DPR) is presently 33.25%.

Wall Street Analyst Weigh In

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

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.