Y Intercept Hong Kong Ltd Acquires 47,096 Shares of Donaldson Company, Inc. $DCI

Y Intercept Hong Kong Ltd raised its holdings in Donaldson Company, Inc. (NYSE:DCI) by 123.0% during the first quarter, HoldingsChannel reports. The firm owned 85,383 shares of the industrial products company’s stock after acquiring an additional 47,096 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Donaldson were worth $7,246,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Verdence Capital Advisors LLC boosted its stake in Donaldson by 1.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock valued at $763,000 after buying an additional 101 shares in the last quarter. TIAA Trust National Association raised its stake in Donaldson by 2.0% during the fourth quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 108 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in shares of Donaldson by 3.6% in the fourth quarter. Perigon Wealth Management LLC now owns 3,440 shares of the industrial products company’s stock worth $305,000 after acquiring an additional 118 shares during the last quarter. Signaturefd LLC boosted its stake in shares of Donaldson by 9.6% in the 4th quarter. Signaturefd LLC now owns 1,403 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 123 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in shares of Donaldson by 2.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock valued at $500,000 after purchasing an additional 132 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insiders Place Their Bets

In related news, Director James Owens sold 13,753 shares of the stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director directly owned 22,565 shares in the company, valued at $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders sold 19,800 shares of company stock valued at $1,765,184 in the last three months. Corporate insiders own 2.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on DCI shares. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research report on Thursday, June 4th. Stifel Nicolaus cut their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday. Robert W. Baird lowered their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Monday, March 30th. Finally, Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $97.83.

Donaldson Stock Performance

NYSE:DCI opened at $88.96 on Friday. The stock’s 50-day moving average is $85.62 and its 200-day moving average is $91.34. The stock has a market cap of $10.31 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93. Donaldson Company, Inc. has a 1-year low of $69.03 and a 1-year high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same period in the previous year, the firm posted $0.99 EPS. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.32 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Monday, June 15th. Donaldson’s payout ratio is presently 34.41%.

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.