Burney Co. Acquires 7,300 Shares of Donaldson Company, Inc. $DCI

Burney Co. increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 73.6% during the first quarter, Holdings Channel.com reports. The fund owned 17,219 shares of the industrial products company’s stock after purchasing an additional 7,300 shares during the quarter. Burney Co.’s holdings in Donaldson were worth $1,461,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DCI. Leonteq Securities AG acquired a new stake in shares of Donaldson in the fourth quarter valued at approximately $40,000. Eagle Bay Advisors LLC acquired a new position in Donaldson in the 4th quarter valued at $45,000. Clearstead Advisors LLC lifted its position in shares of Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 288 shares during the period. Strive Financial Group LLC bought a new position in shares of Donaldson in the fourth quarter worth $57,000. Finally, Steph & Co. raised its stake in Donaldson by 76.4% in the fourth quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock valued at $84,000 after purchasing an additional 409 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Donaldson Stock Performance

Shares of DCI stock opened at $87.66 on Thursday. The firm has a market capitalization of $10.16 billion, a price-to-earnings ratio of 23.56, a PEG ratio of 2.26 and a beta of 0.93. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The business’s 50-day moving average price is $85.66 and its 200-day moving average price is $91.29. Donaldson Company, Inc. has a 12 month low of $69.03 and a 12 month high of $112.84.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating 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 business had revenue of $995.10 million during the quarter, compared to analyst estimates of $973.65 million. During the same quarter last year, the business earned $0.99 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Equities research analysts forecast that Donaldson Company, Inc. will post 3.96 EPS 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 1.5%. The ex-dividend date of this dividend was Monday, June 15th. Donaldson’s payout ratio is presently 34.41%.

Insiders Place Their Bets

In related news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the transaction, the director directly owned 22,565 shares of the company’s stock, valued at $2,013,023.65. This trade represents a 37.87% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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.

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.