Handelsbanken Fonder AB Has $3.21 Million Stock Position in Donaldson Company, Inc. $DCI

Handelsbanken Fonder AB grew its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 41.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 39,232 shares of the industrial products company’s stock after acquiring an additional 11,500 shares during the period. Handelsbanken Fonder AB’s holdings in Donaldson were worth $3,211,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in DCI. State Street Corp increased its stake in shares of Donaldson by 0.7% during the second 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 during the period. Geode Capital Management LLC grew its holdings in Donaldson by 0.8% in the 2nd quarter. Geode Capital Management LLC now owns 2,821,115 shares of the industrial products company’s stock valued at $195,667,000 after buying an additional 21,334 shares in the last quarter. American Century Companies Inc. increased its position in Donaldson by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 1,545,416 shares of the industrial products company’s stock worth $107,175,000 after buying an additional 53,619 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Donaldson by 10.6% during the third quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock worth $105,040,000 after buying an additional 123,000 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of Donaldson in the second quarter valued at about $68,759,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on DCI. UBS Group set a $96.00 price target on shares of Donaldson in a research report on Tuesday, February 24th. Jefferies Financial Group raised their target price on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a report on Monday, February 2nd. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $72.00 to $84.00 in a research note on Monday, November 24th. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Finally, Robert W. Baird dropped their price objective on Donaldson from $110.00 to $104.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Donaldson currently has an average rating of “Moderate Buy” and a consensus target price of $100.60.

Donaldson Stock Performance

Shares of NYSE:DCI opened at $93.20 on Wednesday. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $112.84. The stock has a market capitalization of $10.79 billion, a price-to-earnings ratio of 29.13, a price-to-earnings-growth ratio of 2.41 and a beta of 1.02. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. The company’s 50 day simple moving average is $100.10 and its 200 day simple moving average is $89.74.

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

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a $0.30 dividend. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.20 annualized dividend and a yield of 1.3%. Donaldson’s dividend payout ratio (DPR) is 37.50%.

Insider Activity

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of the business’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the completion of the transaction, the chief financial officer owned 434 shares of the company’s stock, valued at approximately $39,741.38. The trade was a 56.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ajita G. Rajendra sold 19,800 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $92.04, for a total transaction of $1,822,392.00. Following the completion of the sale, the director owned 43,993 shares in the company, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.20% of the stock is currently owned by insiders.

Donaldson Company 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.