Freestone Grove Partners LP Acquires Shares of 52,525 Donaldson Company, Inc. $DCI

Freestone Grove Partners LP bought a new stake in shares of Donaldson Company, Inc. (NYSE:DCI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 52,525 shares of the industrial products company’s stock, valued at approximately $4,715,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allworth Financial LP purchased a new position in Donaldson in the second quarter valued at about $29,000. Trust Co. of Vermont acquired a new stake in Donaldson during the 2nd quarter valued at approximately $31,000. Leonteq Securities AG purchased a new stake in Donaldson during the 4th quarter worth approximately $40,000. Clearstead Advisors LLC increased its holdings in Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new stake in Donaldson during the 4th quarter worth approximately $57,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Donaldson Stock Down 0.6%

Shares of NYSE:DCI opened at $91.81 on Friday. The company’s fifty day moving average is $92.01 and its two-hundred day moving average is $90.33. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.55 and a current ratio of 2.08. Donaldson Company, Inc. has a 1-year low of $78.52 and a 1-year high of $112.84. The stock has a market capitalization 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.

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

Donaldson Announces Dividend

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

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.