Donaldson Company, Inc. (NYSE:DCI) Stake Boosted by Truist Financial Corp

Truist Financial Corp increased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 16.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,697 shares of the industrial products company’s stock after purchasing an additional 804 shares during the quarter. Truist Financial Corp’s holdings in Donaldson were worth $408,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Park Place Capital Corp bought a new stake in shares of Donaldson during the first quarter valued at about $27,000. Mather Group LLC. lifted its holdings in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares during the last quarter. Riverview Trust Co acquired a new stake in Donaldson in the 1st quarter worth approximately $46,000. Finally, Sunbelt Securities Inc. acquired a new stake in Donaldson in the 1st quarter worth approximately $52,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Price Performance

Donaldson stock opened at $74.76 on Friday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The firm has a market cap of $9.00 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.92 and a beta of 1.04. The business’s fifty day moving average is $72.58 and its two-hundred day moving average is $72.90. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Equities research analysts forecast that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DCI shares. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Raymond James started coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Donaldson has an average rating of “Hold” and an average target price of $69.67.

Insider Buying and Selling at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 167,805 shares of company stock valued at $12,310,222. 2.58% of the stock is currently owned by company insiders.

Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.