Deutsche Bank AG Acquires New Holdings in Donaldson Company, Inc. $DCI

Deutsche Bank AG bought a new stake in Donaldson Company, Inc. (NYSE:DCI) during the 2nd quarter, Holdings Channel.com reports. The fund bought 19,929 shares of the industrial products company’s stock, valued at approximately $1,789,000.

Other large investors have also added to or reduced their stakes in the company. State Street Corp boosted 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 valued at $362,132,000 after buying an additional 36,866 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Donaldson by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock worth $252,386,000 after buying an additional 15,674 shares during the last quarter. Morgan Stanley raised its stake in shares of Donaldson by 1.9% during the 4th quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock worth $225,389,000 after acquiring an additional 47,062 shares in the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Donaldson by 22.0% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock valued at $187,037,000 after acquiring an additional 380,419 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Donaldson by 0.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock valued at $178,224,000 after acquiring an additional 15,799 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Stock Down 0.6%

DCI stock opened at $91.81 on Friday. The stock has a market capitalization of $10.64 billion, a PE ratio of 23.85, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. Donaldson Company, Inc. has a 52 week low of $78.52 and a 52 week high of $112.84. The company has a quick ratio of 1.55, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $92.01 and a 200 day moving average of $90.33.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. Donaldson’s revenue for the quarter was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Sell-side analysts forecast that Donaldson Company, Inc. will post 4.32 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson’s dividend payout ratio is presently 34.41%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DCI. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Stifel Nicolaus set a $95.00 price objective on Donaldson in a report on Friday. Wells Fargo & Company set a $91.00 price objective on Donaldson in a research report on Thursday, June 4th. Robert W. Baird boosted their target price on Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday. Finally, Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Three research analysts have rated the stock with a Buy rating and two have given 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 target price 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.