Bank of New York Mellon Corp Increases Stock Position in Donaldson Company, Inc. $DCI

Bank of New York Mellon Corp boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,222,704 shares of the industrial products company’s stock after buying an additional 9,451 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.06% of Donaldson worth $103,771,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DCI. Royal Bank of Canada grew its holdings 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 purchasing an additional 28,207 shares during the period. Integrated Wealth Concepts LLC raised its stake in shares of Donaldson by 16.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after buying an additional 494 shares during the period. Millennium Management LLC lifted its position in shares of Donaldson by 428.6% during the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after buying an additional 181,602 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Donaldson by 29.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after acquiring an additional 62,864 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in Donaldson by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 933 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 0.8%

Shares of NYSE:DCI opened at $89.65 on Tuesday. The business has a 50-day moving average price of $86.11 and a 200 day moving average price of $91.18. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The company has a market capitalization of $10.39 billion, a price-to-earnings ratio of 24.10, a PEG ratio of 2.28 and a beta of 0.93. Donaldson Company, Inc. has a 12-month low of $69.58 and a 12-month high of $112.84.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.99 earnings per share. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Sell-side analysts expect that Donaldson Company, Inc. will post 3.96 EPS for the current year.

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a dividend of $0.32 per share. The ex-dividend date was Monday, June 15th. This is an increase from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. Donaldson’s payout ratio is presently 34.41%.

Wall Street Analyst Weigh In

DCI has been the topic of several research analyst reports. Wells Fargo & Company set a $91.00 price objective on Donaldson in a report on Thursday, June 4th. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Stifel Nicolaus lowered their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research note on Thursday, June 4th. Robert W. Baird lowered their target price on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research note on Monday, March 30th. Finally, Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $97.83.

Donaldson 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.