Legal & General Group Plc Makes New $14.17 Million Investment in Donaldson Company, Inc. $DCI

Legal & General Group Plc purchased a new position in Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 157,887 shares of the industrial products company’s stock, valued at approximately $14,174,000.

Other institutional investors also recently modified their holdings of the company. Allworth Financial LP bought a new stake in Donaldson in the 2nd quarter worth about $29,000. Trust Co. of Vermont purchased a new stake in shares of Donaldson during the 2nd quarter valued at about $31,000. Leonteq Securities AG bought a new stake in shares of Donaldson in the fourth quarter worth approximately $40,000. Clearstead Advisors LLC raised its holdings in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 288 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new position in shares of Donaldson during the fourth quarter valued at approximately $57,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Performance

DCI opened at $91.81 on Monday. The company’s 50 day moving average is $92.01 and its 200 day moving average is $90.20. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 23.85, a PEG ratio of 2.13 and a beta of 0.92. Donaldson Company, Inc. has a 12-month low of $78.52 and a 12-month high of $112.84.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The business had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period in the prior year, the company earned $1.03 earnings per share. The firm’s revenue was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, equities research analysts predict that Donaldson Company, Inc. will post 4.32 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.32 per share. The ex-dividend date is Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s payout ratio is 33.25%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company set a $91.00 target price on shares of Donaldson in a report on Thursday, June 4th. Robert W. Baird boosted their target price on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Stifel Nicolaus set a $95.00 price objective on Donaldson in a research report on Friday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $101.00.

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.