Donaldson Company, Inc. (NYSE:DCI) Short Interest Update

Donaldson Company, Inc. (NYSE:DCI) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totaling 1,626,276 shares, a decrease of 15.9% from the November 30th total of 1,934,726 shares. Currently, 1.4% of the shares of the stock are sold short. Based on an average daily trading volume, of 844,230 shares, the short-interest ratio is presently 1.9 days. Based on an average daily trading volume, of 844,230 shares, the short-interest ratio is presently 1.9 days. Currently, 1.4% of the shares of the stock are sold short.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Robert W. Baird set a $100.00 price objective on Donaldson in a report on Friday, December 5th. Stifel Nicolaus lifted their target price on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Finally, Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $72.00 to $84.00 in a research report on Monday, November 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $93.33.

Insider Activity

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

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of DCI. Verdence Capital Advisors LLC lifted its holdings in shares of Donaldson by 1.6% during the 3rd quarter. Verdence Capital Advisors LLC now owns 8,502 shares of the industrial products company’s stock valued at $711,000 after buying an additional 131 shares during the last quarter. AMG National Trust Bank raised its position in Donaldson by 0.6% during the third quarter. AMG National Trust Bank now owns 21,713 shares of the industrial products company’s stock valued at $1,777,000 after acquiring an additional 134 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Donaldson by 2.2% in the second quarter. Janney Montgomery Scott LLC now owns 7,291 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 160 shares during the last quarter. Renaissance Group LLC grew its position in Donaldson by 2.2% in the second quarter. Renaissance Group LLC now owns 7,560 shares of the industrial products company’s stock worth $524,000 after acquiring an additional 161 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC increased its stake in shares of Donaldson by 4.3% during the 3rd quarter. Laird Norton Wetherby Wealth Management LLC now owns 4,008 shares of the industrial products company’s stock worth $328,000 after purchasing an additional 164 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Stock Down 1.9%

Shares of DCI stock traded down $1.71 during trading on Thursday, hitting $88.58. 605,690 shares of the company were exchanged, compared to its average volume of 753,862. The business’s 50-day simple moving average is $88.49 and its 200 day simple moving average is $80.25. Donaldson has a twelve month low of $57.45 and a twelve month high of $95.00. The firm has a market capitalization of $10.22 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 2.23 and a beta of 0.99. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.39 and a current ratio of 2.15.

Donaldson (NYSE:DCI) last released its earnings results on Thursday, December 4th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $922.68 million. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.83 EPS. Donaldson has set its FY 2026 guidance at 3.950-4.110 EPS. As a group, analysts forecast that Donaldson will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is presently 37.38%.

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.