Allspring Global Investments Holdings LLC Sells 48,141 Shares of Donaldson Company, Inc. $DCI

Allspring Global Investments Holdings LLC lessened its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.1% in the first quarter, Holdings Channel.com reports. The firm owned 898,389 shares of the industrial products company’s stock after selling 48,141 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Donaldson were worth $77,315,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DCI. Leonteq Securities AG bought a new position in shares of Donaldson during the fourth quarter worth about $40,000. Eagle Bay Advisors LLC bought a new stake in Donaldson during the fourth quarter worth about $45,000. Clearstead Advisors LLC increased 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 during the last quarter. Strive Financial Group LLC bought a new position in Donaldson during the fourth quarter worth about $57,000. Finally, Sachetta LLC acquired a new position in Donaldson during the first quarter worth approximately $65,000. 82.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on DCI shares. Wells Fargo & Company set a $91.00 price objective on Donaldson in a research note on Thursday, June 4th. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, July 12th. Robert W. Baird cut their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, 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 report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.83.

Donaldson Stock Performance

DCI opened at $90.27 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The firm has a market cap of $10.46 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. The business’s fifty day moving average is $86.03 and its 200-day moving average is $91.18. Donaldson Company, Inc. has a 52-week low of $69.58 and a 52-week high of $112.84.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same period last year, the firm posted $0.99 earnings per share. Donaldson’s revenue was up 5.9% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Sell-side analysts expect that Donaldson Company, Inc. will post 3.96 EPS 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. This is an increase from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. Donaldson’s payout ratio is 34.41%.

Donaldson 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.