Fifth Third Bancorp Sells 162 Shares of Donaldson Company, Inc. $DCI

Fifth Third Bancorp reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 13.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,067 shares of the industrial products company’s stock after selling 162 shares during the period. Fifth Third Bancorp’s holdings in Donaldson were worth $74,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Kingstone Capital Partners Texas LLC acquired a new position in shares of Donaldson in the second quarter valued at approximately $679,475,000. Kayne Anderson Rudnick Investment Management LLC increased its holdings in Donaldson by 75.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after purchasing an additional 1,430,120 shares during the period. Carnegie Investment Counsel acquired a new stake in Donaldson during the 1st quarter worth about $23,147,000. Fiduciary Management Inc. WI grew its holdings in Donaldson by 13.1% during 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 acquiring an additional 290,477 shares during the period. Finally, AQR Capital Management LLC grew its position in shares of Donaldson by 32.4% during the 1st quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company’s stock worth $77,636,000 after buying an additional 286,598 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Robert W. Baird raised their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Morgan Stanley raised their target price on Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research note on Tuesday, September 2nd. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Stifel Nicolaus raised their target price on Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research note on Thursday, August 28th. One 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 stock presently has an average rating of “Hold” and an average price target of $80.33.

Donaldson Price Performance

NYSE DCI opened at $82.71 on Friday. The company has a market cap of $9.59 billion, a PE ratio of 27.12, a price-to-earnings-growth ratio of 1.95 and a beta of 0.99. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $83.31. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The firm’s 50-day simple moving average is $77.35 and its two-hundred day simple moving average is $71.14.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $951.59 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 4.8% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. Research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

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

Insider Transactions at Donaldson

In other news, President Guillermo Briseno sold 13,500 shares of the business’s stock in a transaction dated 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 owned 25,309 shares of the company’s stock, valued at approximately $2,000,170.27. The trade was a 34.79% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Amy C. Becker sold 18,500 shares of the company’s stock in a transaction on Thursday, August 28th. The shares were sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the sale, the insider owned 44,645 shares of the company’s stock, valued at $3,647,942.95. This represents a 29.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 63,900 shares of company stock worth $5,129,264. 2.70% of the stock is currently owned by insiders.

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.