Public Employees Retirement System of Ohio Makes New $3.57 Million Investment in Donaldson Company, Inc. $DCI

Public Employees Retirement System of Ohio bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the second quarter, Holdings Channel reports. The fund bought 39,737 shares of the industrial products company’s stock, valued at approximately $3,567,000.

A number of other hedge funds have also recently made changes to their positions in DCI. BlackRock Inc. bought a new position in Donaldson during the 2nd quarter valued at approximately $1,072,012,000. State Street Corp boosted its holdings in Donaldson by 0.7% in the second quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after acquiring an additional 36,866 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Donaldson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock worth $252,386,000 after acquiring an additional 15,674 shares during the last quarter. Morgan Stanley increased its holdings in shares of Donaldson by 1.9% during the fourth quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock valued at $225,389,000 after acquiring an additional 47,062 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its holdings in shares of Donaldson by 22.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock valued at $187,037,000 after acquiring an additional 380,419 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DCI shares. Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a research note on Friday, August 28th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Wells Fargo & Company set a $91.00 price objective on Donaldson in a research report on Thursday, June 4th. Robert W. Baird boosted their target price on Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Donaldson currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Donaldson Stock Up 0.7%

Donaldson stock opened at $90.56 on Friday. The stock has a market cap of $10.50 billion, a PE ratio of 23.52, a price-to-earnings-growth ratio of 2.07 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. Donaldson Company, Inc. has a one year low of $79.42 and a one year high of $112.84. The stock has a fifty day moving average of $92.32 and a 200 day moving average of $89.65.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The company had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the business posted $1.03 earnings per share. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 4.34 EPS for the current year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 17th. Donaldson’s payout ratio is presently 33.25%.

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.