Empowered Funds LLC Purchases New Stake in Donaldson Company, Inc. $DCI

Empowered Funds LLC bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 13,076 shares of the industrial products company’s stock, valued at approximately $1,174,000.

Several other institutional investors also recently modified their holdings of DCI. BlackRock Inc. bought a new stake in shares of Donaldson during the 2nd quarter valued at $1,072,012,000. State Street Corp lifted its stake in Donaldson by 0.7% in the second 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 during the period. Geode Capital Management LLC boosted its holdings in Donaldson by 0.6% during 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 buying an additional 15,674 shares during the last quarter. Morgan Stanley grew its position 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 buying an additional 47,062 shares during the period. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Donaldson by 22.0% in the 4th 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. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE DCI opened at $91.09 on Friday. The stock has a market cap of $10.56 billion, a PE ratio of 23.66, a P/E/G ratio of 2.09 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. The firm has a 50-day moving average of $92.37 and a 200-day moving average of $89.66. Donaldson Company, Inc. has a 52-week low of $79.42 and a 52-week high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 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 quarterly revenue was up 8.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, sell-side analysts anticipate that Donaldson Company, Inc. will post 4.34 EPS for the current year.

Donaldson Announces Dividend

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

Analysts Set New Price Targets

A number of brokerages recently weighed in on DCI. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Robert W. Baird lifted their price target on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research note on Friday, August 28th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $101.00.

About Donaldson

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.