6,583 Shares in Donaldson Company, Inc. $DCI Acquired by North Star Asset Management Inc.

North Star Asset Management Inc. bought a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 6,583 shares of the industrial products company’s stock, valued at approximately $591,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Allworth Financial LP purchased a new position in shares of Donaldson in the 2nd quarter valued at $29,000. Trust Co. of Vermont purchased a new stake in shares of Donaldson during the 2nd quarter worth $31,000. Leonteq Securities AG bought a new stake in Donaldson during the fourth quarter valued at about $40,000. Clearstead Advisors LLC boosted its position in Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 288 shares in the last quarter. Finally, Strive Financial Group LLC purchased a new position in Donaldson in the fourth quarter valued at about $57,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 0.6%

Shares of DCI stock opened at $91.81 on Friday. The stock’s fifty day moving average price is $92.01 and its 200 day moving average price is $90.33. Donaldson Company, Inc. has a 1-year low of $78.52 and a 1-year high of $112.84. The company has a market cap of $10.64 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.55.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%.The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the business posted $1.03 earnings per share. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, research analysts expect that Donaldson Company, Inc. will post 4.32 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

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.