Donaldson Company, Inc. $DCI Stake Raised by Fifth Third Bancorp

Fifth Third Bancorp raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 3,249.0% in the first quarter, Holdings Channel.com reports. The fund owned 38,580 shares of the industrial products company’s stock after acquiring an additional 37,428 shares during the period. Fifth Third Bancorp’s holdings in Donaldson were worth $3,274,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Leonteq Securities AG acquired a new position in shares of Donaldson in the 4th quarter worth approximately $40,000. Eagle Bay Advisors LLC bought a new stake in Donaldson during the fourth quarter worth approximately $45,000. Clearstead Advisors LLC boosted its holdings in Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after buying an additional 288 shares in the last quarter. Strive Financial Group LLC acquired a new position in Donaldson in the fourth quarter worth approximately $57,000. Finally, Sachetta LLC acquired a new position in Donaldson in the first quarter worth approximately $65,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 0.1%

NYSE:DCI opened at $90.27 on Monday. The business’s fifty day moving average price is $86.03 and its 200 day moving average price is $91.18. The firm has a market capitalization of $10.46 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.28 and a beta of 0.93. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 1-year low of $69.58 and a 1-year high of $112.84.

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

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, June 15th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. This is an increase from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s dividend payout ratio is presently 34.41%.

Analyst Ratings Changes

DCI has been the subject of a number of recent research reports. Stifel Nicolaus cut their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Robert W. Baird cut their target price on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Wells Fargo & Company set a $91.00 target price on Donaldson in a report on Thursday, June 4th. Finally, Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target 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.