Allspring Global Investments Holdings LLC Acquires 22,494 Shares of Donaldson Company, Inc. $DCI

Allspring Global Investments Holdings LLC grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 946,530 shares of the industrial products company’s stock after acquiring an additional 22,494 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.82% of Donaldson worth $85,121,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Donaldson by 6,069.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock worth $96,492,000 after acquiring an additional 1,159,777 shares in the last quarter. Norges Bank acquired a new position in Donaldson during the 2nd quarter worth approximately $68,759,000. Millennium Management LLC lifted its stake in Donaldson by 428.6% in the 1st 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 during the last quarter. Tidal Investments LLC bought a new position in Donaldson in the 3rd quarter valued at approximately $14,349,000. Finally, Danske Bank A S acquired a new stake in Donaldson in the third quarter valued at approximately $11,914,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Up 2.6%

Shares of NYSE:DCI opened at $84.75 on Wednesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $112.84. The company has a market cap of $9.81 billion, a price-to-earnings ratio of 26.48, a PEG ratio of 2.08 and a beta of 1.02. The firm has a fifty day moving average price of $97.08 and a two-hundred day moving average price of $90.86.

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

Donaldson Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on DCI. Jefferies Financial Group boosted their target price on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Stifel Nicolaus lifted their price objective on Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Robert W. Baird decreased their price objective on Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a report on Monday. Finally, UBS Group set a $96.00 target price on Donaldson in a research note on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Donaldson presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.20.

About Donaldson

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.