HighTower Advisors LLC Lowers Holdings in Donaldson Company, Inc. $DCI

HighTower Advisors LLC trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 41.1% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 217,476 shares of the industrial products company’s stock after selling 151,767 shares during the quarter. HighTower Advisors LLC’s holdings in Donaldson were worth $19,523,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. California State Teachers Retirement System increased its position in shares of Donaldson by 9,050.0% during the second quarter. California State Teachers Retirement System now owns 12,085,645 shares of the industrial products company’s stock valued at $1,084,928,000 after acquiring an additional 11,953,562 shares in the last quarter. BlackRock Inc. purchased a new stake in Donaldson during the 2nd quarter valued at $1,072,012,000. State Street Corp increased its holdings in shares of Donaldson by 0.7% in the 2nd quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after purchasing an additional 36,866 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Donaldson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock worth $252,386,000 after purchasing an additional 15,674 shares during the last quarter. Finally, Morgan Stanley raised its stake in shares of Donaldson by 1.9% in the fourth quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock worth $225,389,000 after purchasing an additional 47,062 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Up 0.0%

Donaldson stock opened at $91.05 on Wednesday. Donaldson Company, Inc. has a 52-week low of $79.42 and a 52-week high of $112.84. The company has a market cap of $10.55 billion, a P/E ratio of 23.65, a P/E/G ratio of 2.10 and a beta of 0.92. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The business has a 50-day simple moving average of $92.45 and a two-hundred day simple moving average of $89.27.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.03 earnings per share. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Analysts predict that Donaldson Company, Inc. will post 4.34 EPS for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were given a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, August 17th. Donaldson’s dividend payout ratio is presently 33.25%.

Analyst Upgrades and Downgrades

DCI has been the topic of several recent analyst reports. Robert W. Baird increased their price objective on Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 27th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Finally, Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research report on Friday, August 28th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $101.00.

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.