Heartland Advisors Inc. Has $17.27 Million Stock Position in Donaldson Company, Inc. $DCI

Heartland Advisors Inc. lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 4.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 194,794 shares of the industrial products company’s stock after selling 8,675 shares during the quarter. Donaldson accounts for about 0.9% of Heartland Advisors Inc.’s investment portfolio, making the stock its 22nd largest position. Heartland Advisors Inc.’s holdings in Donaldson were worth $17,270,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. State Street Corp grew its holdings 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 boosted 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 in the last quarter. Dimensional Fund Advisors LP raised its position in Donaldson by 1.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company’s stock valued at $163,218,000 after purchasing an additional 20,478 shares during the last quarter. William Blair Investment Management LLC raised its position in Donaldson by 26,235.7% in the 4th quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock valued at $151,420,000 after purchasing an additional 1,701,387 shares during the last quarter. Finally, Norges Bank bought a new position in Donaldson in the 4th quarter valued at $120,186,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Down 2.8%

NYSE:DCI opened at $83.75 on Thursday. Donaldson Company, Inc. has a 1 year low of $67.71 and a 1 year high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The stock has a market cap of $9.71 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.18 and a beta of 0.95. The stock has a 50-day moving average price of $85.77 and a two-hundred day moving average price of $91.75.

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

Donaldson Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. This is an increase from Donaldson’s previous quarterly dividend of $0.30. The ex-dividend date is Monday, June 15th. Donaldson’s dividend payout ratio is 34.41%.

Insider Buying and Selling at Donaldson

In other news, Director James Owens sold 13,753 shares of the stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the transaction, the director owned 22,565 shares in the company, valued at approximately $2,013,023.65. This trade represents 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 this link. Insiders sold a total of 19,800 shares of company stock worth $1,765,184 in the last 90 days. 2.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. UBS Group set a $96.00 target price on Donaldson in a research report on Tuesday, February 24th. Wells Fargo & Company set a $91.00 price target on Donaldson in a research note on Thursday, June 4th. Morgan Stanley decreased their price target on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Finally, Robert W. Baird decreased their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $97.83.

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.