Donaldson (NYSE:DCI) Hits New 12-Month High Following Analyst Upgrade

Shares of Donaldson Company, Inc. (NYSE:DCI) reached a new 52-week high during mid-day trading on Monday after Wall Street Zen upgraded the stock from a hold rating to a buy rating. The stock traded as high as $83.36 and last traded at $83.41, with a volume of 92371 shares changing hands. The stock had previously closed at $82.61.

A number of other analysts have also recently weighed in on the stock. Stifel Nicolaus increased their target price on shares of Donaldson from $69.00 to $84.00 and gave the stock a “hold” rating in a report on Thursday, August 28th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Donaldson in a research note on Saturday, September 27th. Robert W. Baird lifted their target price on Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. Finally, Morgan Stanley upped their target price on Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $80.33.

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 31,900 shares of Donaldson stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the sale, the director owned 29,330 shares of the company’s stock, valued at approximately $2,345,226.80. The trade was a 52.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the president directly owned 25,309 shares of the company’s stock, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,900 shares of company stock worth $5,129,264. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Donaldson

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC bought a new position in Donaldson in the 2nd quarter valued at about $679,475,000. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of 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 acquiring an additional 1,430,120 shares in the last quarter. Norges Bank bought a new position in shares of Donaldson in the second quarter valued at approximately $68,759,000. Carnegie Investment Counsel acquired a new position in shares of Donaldson during the first quarter valued at approximately $23,147,000. Finally, Fiduciary Management Inc. WI lifted its position in Donaldson by 13.1% in the first 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. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Up 0.4%

The stock has a market capitalization of $9.62 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 1.96 and a beta of 0.99. The business has a 50 day simple moving average of $77.78 and a 200-day simple moving average of $71.39. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93.

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

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 27th. Investors of record on Tuesday, August 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Tuesday, August 12th. Donaldson’s payout ratio is presently 39.34%.

Donaldson Company Profile

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.