80,002 Shares in Donaldson Company, Inc. $DCI Bought by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 80,002 shares of the industrial products company’s stock, valued at approximately $7,182,000.

Several other large investors have also bought and sold shares of the stock. Allworth Financial LP purchased a new stake in shares of Donaldson in the second quarter valued at about $29,000. Trust Co. of Vermont purchased a new position in Donaldson during the second quarter worth about $31,000. Leonteq Securities AG bought a new stake in Donaldson in the 4th quarter worth about $40,000. Clearstead Advisors LLC grew its position in Donaldson by 92.6% in the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new stake in Donaldson in the 4th quarter valued at about $57,000. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Donaldson Price Performance

Shares of NYSE DCI opened at $91.81 on Monday. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. The stock has a fifty day simple moving average of $92.01 and a two-hundred day simple moving average of $90.20. Donaldson Company, Inc. has a 1-year low of $78.52 and a 1-year high of $112.84. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92.

Donaldson (NYSE:DCI) last issued 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 return on equity of 28.68% and a net margin of 11.68%.The firm had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company posted $1.03 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Analysts anticipate that Donaldson Company, Inc. will post 4.32 earnings per share for the current year.

Donaldson Dividend Announcement

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

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.