Fideuram Intesa Sanpaolo Private Banking S.P.A. Purchases New Holdings in Donaldson Company, Inc. $DCI

Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 1st quarter, according to its most recent filing with the SEC. The fund acquired 12,120 shares of the industrial products company’s stock, valued at approximately $1,029,000.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada boosted its stake in shares of Donaldson by 38.2% in the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock worth $6,848,000 after acquiring an additional 28,207 shares during the last quarter. Integrated Wealth Concepts LLC increased its position in shares of Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after purchasing an additional 494 shares in the last quarter. Millennium Management LLC raised its stake in Donaldson by 428.6% in the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after purchasing an additional 181,602 shares during the last quarter. Goldman Sachs Group Inc. raised its stake in Donaldson by 29.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after purchasing an additional 62,864 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Donaldson by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock valued at $141,000 after purchasing an additional 933 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

DCI has been the topic of several recent research reports. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, June 30th. Morgan Stanley decreased their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Robert W. Baird lowered their price target on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Stifel Nicolaus dropped their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, June 4th. Finally, Wells Fargo & Company set a $91.00 price objective 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 issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $97.83.

Donaldson Stock Performance

NYSE DCI opened at $88.96 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The stock’s fifty day moving average is $85.62 and its two-hundred day moving average is $91.34. The firm has a market capitalization of $10.31 billion, a P/E ratio of 23.91, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93. Donaldson Company, Inc. has a fifty-two week low of $69.03 and a fifty-two week high of $112.84.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. During the same period last year, the company earned $0.99 EPS. The company’s revenue for the quarter was up 5.9% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. On average, research analysts anticipate that Donaldson Company, Inc. will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a dividend of $0.32 per share. The ex-dividend date was Monday, June 15th. This is an increase from Donaldson’s previous quarterly dividend of $0.30. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction dated Tuesday, April 14th. The shares were sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the transaction, the director directly owned 22,565 shares of the company’s stock, valued at $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 19,800 shares of company stock worth $1,765,184 in the last ninety days. 2.20% of the stock is currently owned by company insiders.

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.