Ballentine Partners LLC Buys 2,296 Shares of Donaldson Company, Inc. $DCI

Ballentine Partners LLC boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 46.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,219 shares of the industrial products company’s stock after purchasing an additional 2,296 shares during the period. Ballentine Partners LLC’s holdings in Donaldson were worth $501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Kingstone Capital Partners Texas LLC bought a new position in shares of Donaldson during the 2nd quarter valued at $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Donaldson by 75.3% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock worth $223,350,000 after purchasing an additional 1,430,120 shares during the period. Fiduciary Management Inc. WI raised its holdings in Donaldson by 13.1% in the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock worth $167,634,000 after purchasing an additional 290,477 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Donaldson by 12.6% in the first quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company’s stock worth $121,926,000 after buying an additional 202,746 shares during the period. Finally, Fuller & Thaler Asset Management Inc. raised its stake in Donaldson by 0.3% during the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 1,598,281 shares of the industrial products company’s stock worth $107,181,000 after acquiring an additional 4,041 shares during the period. 82.81% of the stock is owned by institutional investors.

Donaldson Price Performance

Shares of Donaldson stock opened at $81.01 on Friday. The business has a 50 day simple moving average of $76.48 and a two-hundred day simple moving average of $70.76. The stock has a market capitalization of $9.44 billion, a P/E ratio of 26.56, a PEG ratio of 1.90 and a beta of 1.01. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $83.31.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, August 27th. The industrial products company reported $1.03 EPS for the quarter, beating the consensus estimate of $1.02 by $0.01. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The firm had revenue of $980.70 million during the quarter, compared to analysts’ expectations of $951.59 million. During the same quarter last year, the firm earned $0.94 earnings per share. The business’s revenue for the quarter was up 4.8% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, August 12th. Donaldson’s dividend payout ratio is currently 39.34%.

Insider Activity

In other news, President Guillermo Briseno sold 13,500 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the completion of the sale, the president directly owned 25,309 shares of the company’s stock, valued at approximately $2,000,170.27. This represents a 34.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Trudy A. Rautio sold 31,900 shares of the stock in a transaction on Thursday, August 28th. The stock was sold at an average price of $79.96, for a total value of $2,550,724.00. Following the completion of the transaction, the director owned 29,330 shares of the company’s stock, valued at $2,345,226.80. The trade was a 52.10% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 63,900 shares of company stock worth $5,129,264. Corporate insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DCI. Morgan Stanley lifted their target price on Donaldson from $69.00 to $72.00 and gave the stock an “underweight” rating in a report on Tuesday, September 2nd. Robert W. Baird upped their target price on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Stifel Nicolaus increased their target price on Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Finally, Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $80.33.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.