Donaldson Company, Inc. $DCI Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,213,253 shares of the industrial products company’s stock after selling 70,073 shares during the period. Bank of New York Mellon Corp’s holdings in Donaldson were worth $107,567,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DCI. William Blair Investment Management LLC grew its holdings in shares of Donaldson by 26,235.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock valued at $151,420,000 after purchasing an additional 1,701,387 shares in the last quarter. Norges Bank acquired a new stake in Donaldson during the 4th quarter worth approximately $120,186,000. Victory Capital Management Inc. boosted its position in Donaldson by 6,069.9% in the 3rd quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock valued at $96,492,000 after buying an additional 1,159,777 shares during the period. Arbejdsmarkedets Tillaegspension purchased a new position in Donaldson in the 4th quarter valued at approximately $22,872,000. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of Donaldson in the fourth quarter worth $17,105,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director James Owens sold 13,753 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value 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 $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold a total of 19,800 shares of company stock worth $1,765,184 in the last three months. 2.20% of the stock is owned by insiders.

Donaldson Price Performance

Donaldson stock opened at $83.72 on Monday. 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 company has a fifty day simple moving average of $85.71 and a 200-day simple moving average of $91.76. The stock has a market cap of $9.70 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 2.11 and a beta of 0.95. Donaldson Company, Inc. has a 12-month low of $67.71 and a 12-month high of $112.84.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The firm had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.Donaldson’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.99 earnings per share. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Equities analysts expect that Donaldson Company, Inc. will post 3.97 EPS for the current fiscal year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be given a dividend of $0.32 per share. This is a boost from Donaldson’s previous quarterly dividend of $0.30. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. Donaldson’s dividend payout ratio is 34.41%.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on DCI. Stifel Nicolaus cut their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday. Robert W. Baird lowered their target price on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Saturday. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday. Finally, Wells Fargo & Company set a $91.00 price objective on Donaldson in a research note on Thursday. 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 a consensus rating of “Moderate Buy” and a consensus target price of $97.83.

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.