Glenview Trust Co Acquires Shares of 8,000 Donaldson Company, Inc. $DCI

Glenview Trust Co bought a new position in Donaldson Company, Inc. (NYSE:DCI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 8,000 shares of the industrial products company’s stock, valued at approximately $718,000.

A number of other institutional investors also recently modified their holdings of the stock. North Star Asset Management Inc. acquired a new position in shares of Donaldson in the second quarter worth $591,000. Empowered Funds LLC acquired a new stake in Donaldson during the second quarter valued at $1,174,000. United Capital Financial Advisors LLC purchased a new position in Donaldson in the second quarter valued at about $279,000. Public Employees Retirement System of Ohio acquired a new position in Donaldson in the 2nd quarter worth about $3,567,000. Finally, Corient Private Wealth LP acquired a new position in Donaldson in the 2nd quarter worth about $10,739,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Donaldson Stock Performance

Shares of NYSE DCI opened at $91.81 on Friday. The company has a quick ratio of 1.55, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The business’s 50 day moving average is $92.01 and its two-hundred day moving average is $90.33. The company has a market cap of $10.64 billion, a P/E ratio of 23.85, a P/E/G ratio of 2.14 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 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. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The company 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 business earned $1.03 earnings per share. Donaldson’s revenue for the quarter was up 8.0% compared to the same quarter last year. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, equities analysts expect that Donaldson Company, Inc. will post 4.32 EPS for the current year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio is 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.