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

Bank of New York Mellon Corp grew its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,222,704 shares of the industrial products company’s stock after purchasing an additional 9,451 shares during the period. Bank of New York Mellon Corp’s holdings in Donaldson were worth $103,771,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DCI. Verdence Capital Advisors LLC raised its holdings in Donaldson by 1.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock worth $763,000 after purchasing an additional 101 shares in the last quarter. TIAA Trust National Association boosted its holdings in Donaldson by 2.0% in the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 108 shares in the last quarter. Perigon Wealth Management LLC increased its position in Donaldson by 3.6% during the 4th quarter. Perigon Wealth Management LLC now owns 3,440 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 118 shares during the period. Signaturefd LLC increased its position in Donaldson by 9.6% during the 4th quarter. Signaturefd LLC now owns 1,403 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 123 shares during the period. Finally, HB Wealth Management LLC raised its stake in shares of Donaldson by 3.8% during the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock worth $297,000 after buying an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on DCI shares. Wells Fargo & Company set a $91.00 price target on Donaldson in a research note on Thursday, June 4th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. 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. Stifel Nicolaus reduced their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, June 4th. Finally, Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Stock Performance

Shares of NYSE DCI opened at $89.65 on Tuesday. The company has a market cap of $10.39 billion, a PE ratio of 24.10, a price-to-earnings-growth ratio of 2.28 and a beta of 0.93. Donaldson Company, Inc. has a 12 month low of $69.58 and a 12 month 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. The company has a 50-day simple moving average of $86.11 and a 200-day simple moving average of $91.18.

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

Donaldson Increases Dividend

The business also recently disclosed 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. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, June 15th. This is an increase from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s payout ratio is currently 34.41%.

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.