First Trust Advisors LP Sells 365,919 Shares of Donaldson Company, Inc. $DCI

First Trust Advisors LP decreased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 20.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,438,980 shares of the industrial products company’s stock after selling 365,919 shares during the quarter. First Trust Advisors LP owned 1.24% of Donaldson worth $117,780,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DCI. Royal Bank of Canada increased its stake in Donaldson by 38.2% in the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock valued at $6,848,000 after acquiring an additional 28,207 shares during the period. Integrated Wealth Concepts LLC lifted its stake in Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 494 shares during the period. Millennium Management LLC boosted its holdings in Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after purchasing an additional 181,602 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Donaldson by 29.0% during the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after purchasing an additional 62,864 shares in the last quarter. Finally, Wedbush Securities Inc. grew its stake in shares of Donaldson by 16.5% in the 2nd quarter. Wedbush Securities Inc. now owns 12,012 shares of the industrial products company’s stock valued at $833,000 after purchasing an additional 1,703 shares during the period. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In other news, CFO Bradley J. Pogalz sold 566 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the completion of the transaction, the chief financial officer directly owned 434 shares in the company, valued at approximately $39,741.38. The trade was a 56.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 2.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on DCI shares. Robert W. Baird cut their target price on Donaldson from $110.00 to $104.00 and set an “outperform” rating for the company in a research report on Friday, February 27th. Stifel Nicolaus upped their price target on Donaldson from $90.00 to $96.00 and gave the company a “hold” rating in a research report on Friday, December 5th. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $72.00 to $84.00 in a research note on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a report on Friday, January 9th. Finally, Jefferies Financial Group boosted their target price on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Donaldson currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.60.

Donaldson Trading Down 3.1%

Shares of NYSE DCI opened at $88.81 on Monday. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $112.84. The firm has a market capitalization of $10.29 billion, a P/E ratio of 27.75, a P/E/G ratio of 2.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. The company’s 50 day simple moving average is $100.07 and its 200 day simple moving average is $90.09.

Donaldson (NYSE:DCI) last released its earnings results on Thursday, February 26th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). The business had revenue of $896.30 million for the quarter, compared to analyst estimates of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.Donaldson’s revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.83 EPS. Donaldson has set its FY 2026 guidance at 3.930-4.010 EPS. On average, analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.20 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio is presently 37.50%.

Donaldson Company Profile

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.