Corient Private Wealth LP Invests $10.74 Million in Donaldson Company, Inc. $DCI

Corient Private Wealth LP acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 119,625 shares of the industrial products company’s stock, valued at approximately $10,739,000.

Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Donaldson during the second quarter worth about $1,072,012,000. Pictet Asset Management Holding SA increased its stake in 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 acquiring an additional 1,784,386 shares during the last quarter. William Blair Investment Management LLC raised its holdings in shares of Donaldson by 26,235.7% in the 4th 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 acquiring an additional 1,701,387 shares in the last quarter. Norges Bank purchased a new stake in shares of Donaldson in the 4th quarter valued at about $120,186,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Donaldson during the 2nd quarter valued at about $95,542,000. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

DCI has been the subject of several recent analyst reports. Robert W. Baird boosted their price objective on Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research report on Friday. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Finally, Wells Fargo & Company set a $91.00 price target on shares of Donaldson 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 company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $101.00.

Donaldson Trading Down 0.6%

Shares of DCI stock opened at $91.81 on Friday. The business has a 50-day moving average price of $92.01 and a two-hundred day moving average price of $90.33. Donaldson Company, Inc. has a 12-month low of $78.52 and a 12-month 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 market cap of $10.64 billion, a P/E ratio of 23.85, a price-to-earnings-growth ratio of 2.13 and a beta of 0.92.

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

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio is currently 33.25%.

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.