Carnegie Investment Counsel Purchases 8,065 Shares of Donaldson Company, Inc. $DCI

Carnegie Investment Counsel raised its position in Donaldson Company, Inc. (NYSE:DCI) by 2.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 354,320 shares of the industrial products company’s stock after purchasing an additional 8,065 shares during the quarter. Carnegie Investment Counsel’s holdings in Donaldson were worth $29,001,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its stake in shares of Donaldson by 34.3% during the first quarter. Smartleaf Asset Management LLC now owns 802 shares of the industrial products company’s stock valued at $54,000 after buying an additional 205 shares during the last quarter. Freedom Investment Management Inc. bought a new position in Donaldson in the 1st quarter valued at $253,000. Comerica Bank increased its stake in Donaldson by 7.3% in the first quarter. Comerica Bank now owns 48,579 shares of the industrial products company’s stock worth $3,258,000 after purchasing an additional 3,312 shares during the period. Ieq Capital LLC lifted its position in shares of Donaldson by 40.7% during the first quarter. Ieq Capital LLC now owns 34,643 shares of the industrial products company’s stock worth $2,323,000 after purchasing an additional 10,019 shares during the last quarter. Finally, ICW Investment Advisors LLC lifted its position in shares of Donaldson by 0.6% during the first quarter. ICW Investment Advisors LLC now owns 24,094 shares of the industrial products company’s stock worth $1,616,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity

In other news, CFO Bradley J. Pogalz sold 566 shares of Donaldson stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total value of $51,828.62. Following the transaction, the chief financial officer owned 434 shares of the company’s stock, valued at $39,741.38. The trade was a 56.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ajita G. Rajendra sold 19,800 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the transaction, the director owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. This trade represents a 31.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is owned by insiders.

Donaldson Price Performance

NYSE DCI opened at $91.26 on Friday. The company has a market cap of $10.53 billion, a PE ratio of 28.43, a P/E/G ratio of 2.25 and a beta of 0.99. The firm’s 50 day moving average price is $88.08 and its 200-day moving average price is $79.76. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.39 and a current ratio of 2.15. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $95.00.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, December 4th. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $922.68 million. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.Donaldson’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.83 earnings per share. Donaldson has set its FY 2026 guidance at 3.950-4.110 EPS. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.3%. Donaldson’s dividend payout ratio (DPR) is presently 37.38%.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Stifel Nicolaus raised their price target on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $72.00 to $84.00 in a research report on Monday, November 24th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird set a $100.00 price target on Donaldson in a report on Friday, December 5th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating and two have issued 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 $93.33.

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.