Carnegie Investment Counsel Raises Holdings in Donaldson Company, Inc. $DCI

Carnegie Investment Counsel boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 2.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 363,710 shares of the industrial products company’s stock after purchasing an additional 10,053 shares during the quarter. Carnegie Investment Counsel owned about 0.31% of Donaldson worth $29,581,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in Donaldson by 5.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 490,001 shares of the industrial products company’s stock valued at $40,108,000 after acquiring an additional 25,156 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in Donaldson by 3,094.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company’s stock valued at $3,934,000 after purchasing an additional 42,988 shares during the period. Artemis Investment Management LLP acquired a new position in Donaldson in the fourth quarter valued at about $1,494,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Donaldson in the 4th quarter worth approximately $17,105,000. Finally, AEGON ASSET MANAGEMENT UK Plc purchased a new stake in Donaldson in the fourth quarter valued at approximately $2,004,000. 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. 2.20% of the stock is currently owned by insiders.

Donaldson Stock Up 0.6%

Shares of DCI stock traded up $0.57 on Friday, reaching $89.09. 533,939 shares of the stock were exchanged, compared to its average volume of 766,174. The company has a market capitalization of $10.33 billion, a price-to-earnings ratio of 23.95, a PEG ratio of 2.26 and a beta of 0.93. The business’s 50 day moving average price is $85.72 and its 200 day moving average price is $91.25. 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 twelve month low of $69.03 and a twelve month high of $112.84.

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

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, June 15th. This is a positive change from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is presently 34.41%.

Analysts Set New Price Targets

DCI has been the subject of several research analyst reports. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 target price on Donaldson in a report on Thursday, June 4th. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Tuesday, June 30th. Stifel Nicolaus reduced their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Finally, Robert W. Baird reduced their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.