Hsbc Holdings PLC Acquires 12,437 Shares of Donaldson Company, Inc. $DCI

Hsbc Holdings PLC boosted its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 21.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 70,448 shares of the industrial products company’s stock after buying an additional 12,437 shares during the period. Hsbc Holdings PLC’s holdings in Donaldson were worth $6,310,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DCI. First Nebraska Trust Co bought a new stake in Donaldson during the second quarter worth approximately $7,299,000. Northwestern Mutual Wealth Management Co. raised its position in shares of Donaldson by 3,094.9% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company’s stock valued at $3,934,000 after purchasing an additional 42,988 shares during the period. BlackRock Inc. bought a new position in shares of Donaldson in the second quarter valued at approximately $1,072,012,000. Swedbank AB lifted its stake in shares of Donaldson by 2.6% in the fourth quarter. Swedbank AB now owns 528,100 shares of the industrial products company’s stock worth $46,821,000 after buying an additional 13,300 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd lifted its stake in shares of Donaldson by 123.0% in the first quarter. Y Intercept Hong Kong Ltd now owns 85,383 shares of the industrial products company’s stock worth $7,246,000 after buying an additional 47,096 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Donaldson Trading Down 1.4%

Shares of DCI stock opened at $89.71 on Thursday. The firm has a market capitalization of $10.40 billion, a P/E ratio of 23.30, a price-to-earnings-growth ratio of 2.10 and a beta of 0.92. Donaldson Company, Inc. has a 1 year low of $79.42 and a 1 year high of $112.84. The firm’s fifty day simple moving average is $92.48 and its 200 day simple moving average is $89.15. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the prior year, the firm earned $1.03 EPS. The business’s revenue was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, sell-side analysts predict 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. Investors of record on Monday, August 17th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is 33.25%.

Analyst Upgrades and Downgrades

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