First Eagle Investment Management LLC Sells 8,041 Shares of Donaldson Company, Inc. $DCI

First Eagle Investment Management LLC lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 71.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,200 shares of the industrial products company’s stock after selling 8,041 shares during the quarter. First Eagle Investment Management LLC’s holdings in Donaldson were worth $262,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DCI. Victory Capital Management Inc. raised its holdings in Donaldson by 6,069.9% during the 3rd quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock worth $96,492,000 after buying an additional 1,159,777 shares during the period. Norges Bank acquired a new position in shares of Donaldson in the second quarter valued at approximately $68,759,000. Millennium Management LLC raised its holdings in shares of Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock worth $15,020,000 after acquiring an additional 181,602 shares during the period. Quantinno Capital Management LP lifted its position in Donaldson by 137.7% in the 2nd quarter. Quantinno Capital Management LP now owns 246,419 shares of the industrial products company’s stock valued at $17,089,000 after acquiring an additional 142,750 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Donaldson by 10.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company’s stock worth $105,040,000 after purchasing an additional 123,000 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Down 1.9%

DCI stock opened at $91.64 on Friday. The company has a market cap of $10.61 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 2.35 and a beta of 1.02. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $112.84. The business has a 50 day moving average price of $100.12 and a two-hundred day moving average price of $89.78. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, February 26th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The company had revenue of $896.30 million during the quarter, compared to analyst estimates of $898.64 million. During the same period in the previous year, the company posted $0.83 EPS. The company’s quarterly revenue was up 3.0% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.930-4.010 EPS. Analysts anticipate that Donaldson Company, Inc. 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 Friday, February 27th. Stockholders of record on Thursday, February 12th were paid a dividend of $0.30 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.3%. Donaldson’s payout ratio is currently 37.50%.

Insider Activity

In related news, CFO Bradley J. Pogalz sold 566 shares of the firm’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total value of $51,828.62. Following the completion of the sale, the chief financial officer directly owned 434 shares in the company, valued at approximately $39,741.38. This trade represents a 56.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research note on Friday, January 9th. Jefferies Financial Group lifted their target price on Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Robert W. Baird cut their target price on Donaldson from $110.00 to $104.00 and set an “outperform” rating on the stock in a research note on Friday, February 27th. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $72.00 to $84.00 in a research note on Monday, November 24th. Finally, UBS Group set a $96.00 price objective on shares of Donaldson in a research report on Tuesday, February 24th. 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, Donaldson currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.60.

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.