Concentric Capital Strategies LP Purchases Shares of 117,103 Donaldson Company, Inc. $DCI

Concentric Capital Strategies LP purchased a new stake in Donaldson Company, Inc. (NYSE:DCI) during the 4th quarter, Holdings Channel reports. The firm purchased 117,103 shares of the industrial products company’s stock, valued at approximately $10,382,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp increased its stake in Donaldson by 0.7% in the 2nd quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock valued at $362,132,000 after buying an additional 36,866 shares during the last quarter. Geode Capital Management LLC increased its stake in Donaldson by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock valued at $252,386,000 after buying an additional 15,674 shares during the last quarter. Morgan Stanley increased its stake in Donaldson by 1.9% in the 4th quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock valued at $225,389,000 after buying an additional 47,062 shares during the last quarter. Fuller & Thaler Asset Management Inc. grew its position in shares of Donaldson by 22.0% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock valued at $187,037,000 after acquiring an additional 380,419 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Donaldson by 0.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock valued at $178,224,000 after acquiring an additional 15,799 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DCI has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Morgan Stanley decreased their price objective on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research report on Monday, March 9th. UBS Group set a $96.00 price objective on shares of Donaldson in a research report on Tuesday, February 24th. Finally, Robert W. Baird decreased their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Stock Performance

Shares of DCI opened at $85.31 on Thursday. The company has a market cap of $9.89 billion, a PE ratio of 22.93, a price-to-earnings-growth ratio of 2.19 and a beta of 0.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. The firm has a 50-day moving average of $85.83 and a 200-day moving average of $91.63. Donaldson Company, Inc. has a one year low of $67.71 and a one year high of $112.84.

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

Donaldson Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Monday, June 15th will be issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. This is a positive change from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s payout ratio is presently 34.41%.

Insider Activity at Donaldson

In related 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 completion of the sale, the director owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last ninety days, insiders have sold 19,800 shares of company stock worth $1,765,184. Insiders own 2.20% of the company’s stock.

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.