Hsbc Holdings PLC Sells 28,132 Shares of Donaldson Company, Inc. $DCI

Hsbc Holdings PLC lessened its position in Donaldson Company, Inc. (NYSE:DCI) by 42.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 37,893 shares of the industrial products company’s stock after selling 28,132 shares during the quarter. Hsbc Holdings PLC’s holdings in Donaldson were worth $3,375,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. William Blair Investment Management LLC grew its stake in shares of Donaldson by 26,235.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock worth $151,420,000 after acquiring an additional 1,701,387 shares in the last quarter. Norges Bank bought a new stake in shares of Donaldson in the fourth quarter worth $120,186,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Donaldson by 22.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock worth $187,037,000 after purchasing an additional 380,419 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new position in Donaldson during the fourth quarter worth $22,872,000. Finally, Robeco Institutional Asset Management B.V. bought a new position in Donaldson in the fourth quarter valued at $17,105,000. Institutional investors own 82.81% of the company’s stock.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 13,753 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.20% of the stock is currently owned by insiders.

Donaldson Stock Performance

Shares of Donaldson stock opened at $89.09 on Friday. The company’s 50 day moving average price is $85.72 and its two-hundred day moving average price is $91.25. The firm has a market capitalization of $10.33 billion, a P/E ratio of 23.95, a P/E/G ratio of 2.24 and a beta of 0.93. Donaldson Company, Inc. has a fifty-two week low of $69.03 and a fifty-two week high of $112.84. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. During the same period in the prior year, the business earned $0.99 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. On average, equities analysts forecast that Donaldson Company, Inc. will post 3.96 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. This is a boost from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s payout ratio is currently 34.41%.

Wall Street Analysts Forecast Growth

DCI has been the topic of several recent research reports. Robert W. Baird lowered their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, June 30th. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Finally, Stifel Nicolaus cut their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Three research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $97.83.

Donaldson Company 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.