North Star Asset Management Inc. Buys New Shares in Donaldson Company, Inc. $DCI

North Star Asset Management Inc. purchased a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the second quarter, HoldingsChannel reports. The fund purchased 6,583 shares of the industrial products company’s stock, valued at approximately $591,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TIAA Trust National Association increased its holdings in Donaldson by 2.0% in the fourth quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock valued at $496,000 after buying an additional 108 shares in the last quarter. HB Wealth Management LLC boosted its stake in shares of Donaldson by 3.8% during the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock worth $297,000 after acquiring an additional 129 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Donaldson by 2.4% during the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock worth $500,000 after acquiring an additional 132 shares in the last quarter. Blue Trust Inc. grew its position in shares of Donaldson by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company’s stock valued at $248,000 after acquiring an additional 133 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Donaldson by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 139 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Down 0.6%

DCI stock opened at $91.81 on Friday. Donaldson Company, Inc. has a 52 week low of $78.52 and a 52 week high of $112.84. The company has a quick ratio of 1.55, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The firm has a 50-day simple moving average of $92.01 and a 200-day simple moving average of $90.33. The stock has a market capitalization of $10.64 billion, a P/E ratio of 23.85, a P/E/G ratio of 2.14 and a beta of 0.92.

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 for the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $1.03 EPS. Donaldson’s quarterly revenue was up 8.0% compared to the same quarter last year. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Equities analysts forecast that Donaldson Company, Inc. will post 4.32 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Analyst Ratings Changes

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

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.