Illinois Municipal Retirement Fund Increases Position in Donaldson Company, Inc. $DCI

Illinois Municipal Retirement Fund raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 32.8% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,415 shares of the industrial products company’s stock after purchasing an additional 12,942 shares during the period. Illinois Municipal Retirement Fund’s holdings in Donaldson were worth $4,448,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Pictet Asset Management Holding SA boosted its position in shares of Donaldson by 10,438.1% in the 1st quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock worth $152,873,000 after purchasing an additional 1,784,386 shares in the last quarter. William Blair Investment Management LLC raised its stake in Donaldson by 26,235.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock valued at $151,420,000 after buying an additional 1,701,387 shares during the last quarter. Norges Bank purchased a new position in Donaldson during the fourth quarter valued at $120,186,000. Fuller & Thaler Asset Management Inc. boosted its holdings in Donaldson by 22.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock worth $187,037,000 after acquiring an additional 380,419 shares in the last quarter. Finally, Arbejdsmarkedets Tillaegspension purchased a new stake in shares of Donaldson in the fourth quarter worth $22,872,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Donaldson Stock Down 0.9%

Shares of Donaldson stock opened at $90.27 on Friday. Donaldson Company, Inc. has a twelve month low of $69.58 and a twelve month high of $112.84. 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 company’s 50 day moving average is $86.03 and its 200 day moving average is $91.18. The company has a market cap of $10.46 billion, a price-to-earnings ratio of 24.27, a price-to-earnings-growth ratio of 2.28 and a beta of 0.93.

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

Donaldson Increases Dividend

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

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.