34,188 Shares in Donaldson Company, Inc. $DCI Bought by Man Group plc

Man Group plc purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 34,188 shares of the industrial products company’s stock, valued at approximately $3,069,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Allworth Financial LP acquired a new stake in shares of Donaldson during the 2nd quarter worth about $29,000. Trust Co. of Vermont acquired a new position in Donaldson in the second quarter valued at approximately $31,000. Leonteq Securities AG purchased a new position in Donaldson in the fourth quarter valued at approximately $40,000. Clearstead Advisors LLC increased its stake in Donaldson by 92.6% in 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 acquired a new stake in Donaldson during the fourth quarter worth approximately $57,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Trading Down 1.0%

DCI opened at $90.96 on Tuesday. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. Donaldson Company, Inc. has a 52 week low of $78.52 and a 52 week high of $112.84. The business’s 50 day moving average is $92.11 and its two-hundred day moving average is $90.07. The firm has a market cap of $10.54 billion, a price-to-earnings ratio of 23.63, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92.

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

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Donaldson’s dividend payout ratio is currently 33.25%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Robert W. Baird boosted their price objective on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research note on Thursday, June 4th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Finally, Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research note on Friday. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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.