Donaldson (NYSE:DCI) Sets New 52-Week High – Here’s What Happened

Donaldson Company, Inc. (NYSE:DCI)’s stock price reached a new 52-week high on Thursday . The company traded as high as $98.71 and last traded at $98.5650, with a volume of 867135 shares changing hands. The stock had previously closed at $96.83.

Analyst Upgrades and Downgrades

A number of research firms recently commented on DCI. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and increased their target price for the company from $72.00 to $84.00 in a research report on Monday, November 24th. Jefferies Financial Group upgraded Donaldson from a “hold” rating to a “buy” rating and increased their price objective for the company from $92.00 to $120.00 in a report on Friday, January 9th. Robert W. Baird set a $100.00 target price on Donaldson in a research note on Friday, December 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Finally, Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.00.

Donaldson Trading Up 1.8%

The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44. The stock has a 50-day simple moving average of $90.32 and a 200 day simple moving average of $81.95. The company has a market cap of $11.37 billion, a price-to-earnings ratio of 30.71, a PEG ratio of 2.39 and a beta of 0.99.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, December 4th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.01. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $922.68 million. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The company’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.83 earnings per share. Donaldson has set its FY 2026 guidance at 3.950-4.110 EPS. As a group, equities research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Friday, December 5th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Friday, December 5th. Donaldson’s dividend payout ratio is 37.38%.

Insider Buying and Selling at Donaldson

In related news, CFO Bradley J. Pogalz sold 566 shares of the firm’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total transaction of $51,828.62. Following the completion of the transaction, the chief financial officer owned 434 shares of the company’s stock, valued at $39,741.38. This trade represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ajita G. Rajendra sold 19,800 shares of the company’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the completion of the sale, the director directly owned 43,993 shares in the company, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DCI. True Wealth Design LLC boosted its position in Donaldson by 203.7% in the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 218 shares in the last quarter. Hantz Financial Services Inc. lifted its stake in shares of Donaldson by 5,112.5% in the 2nd quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock valued at $29,000 after purchasing an additional 409 shares during the period. SJS Investment Consulting Inc. lifted its stake in shares of Donaldson by 3,680.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 368 shares during the period. NewSquare Capital LLC acquired a new stake in Donaldson during the second quarter valued at $34,000. Finally, Steph & Co. purchased a new position in Donaldson in the second quarter valued at $46,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

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.