Hsbc Holdings PLC Cuts Stake in Donaldson Company, Inc. $DCI

Hsbc Holdings PLC cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 42.6% in the 4th quarter, Holdings Channel.com reports. The fund owned 37,893 shares of the industrial products company’s stock after selling 28,132 shares during the period. Hsbc Holdings PLC’s holdings in Donaldson were worth $3,375,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Leonteq Securities AG purchased a new stake in Donaldson during the 4th quarter valued at about $40,000. Eagle Bay Advisors LLC purchased a new position in Donaldson in the fourth quarter worth about $45,000. Clearstead Advisors LLC raised its holdings in Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after buying an additional 288 shares during the last quarter. Strive Financial Group LLC bought a new position in shares of Donaldson in the fourth quarter worth approximately $57,000. Finally, Steph & Co. grew its holdings in shares of Donaldson by 76.4% during the fourth quarter. Steph & Co. now owns 944 shares of the industrial products company’s stock valued at $84,000 after buying an additional 409 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Insider Activity

In related news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13. Following the completion of the sale, the director owned 22,565 shares of the company’s stock, valued at $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In the last quarter, insiders sold 19,800 shares of company stock valued at $1,765,184. Company insiders own 2.20% of the company’s stock.

Donaldson Stock Up 0.0%

DCI opened at $88.56 on Monday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average price of $85.55 and a 200-day moving average price of $91.44. Donaldson Company, Inc. has a twelve month low of $68.96 and a twelve month high of $112.84. The stock has a market capitalization of $10.26 billion, a price-to-earnings ratio of 23.81, a PEG ratio of 2.24 and a beta of 0.95.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. During the same quarter last year, the company posted $0.99 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Equities research analysts forecast that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s payout ratio is currently 34.41%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on DCI shares. Robert W. Baird reduced their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Wells Fargo & Company set a $91.00 price objective on Donaldson in a research report on Thursday, June 4th. Morgan Stanley reduced their target price on Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a report on Monday, March 9th. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus lowered their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $97.83.

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.