Donaldson (NYSE:DCI) Announces Earnings Results

by · The Cerbat Gem

Donaldson (NYSE:DCI – Get Free Report) announced its quarterly earnings results on Tuesday. The industrial products company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.04, Zacks reports. The business had revenue of $940.10 million for the quarter, compared to analysts’ expectations of $936.02 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.92 EPS. Donaldson updated its FY 2025 guidance to 3.640-3.700 EPS.

Donaldson Stock Performance

NYSE DCI opened at $69.55 on Thursday. The stock has a market capitalization of $8.31 billion, a PE ratio of 20.22, a P/E/G ratio of 1.82 and a beta of 1.01. Donaldson has a 1-year low of $57.45 and a 1-year high of $78.95. The business has a 50 day simple moving average of $66.25 and a two-hundred day simple moving average of $68.94. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be issued a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Donaldson’s previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a yield of 1.73%. Donaldson’s payout ratio is currently 31.58%.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Robert W. Baird lifted their price target on Donaldson from $76.00 to $78.00 and gave the company an “outperform” rating in a research report on Wednesday. Wall Street Zen lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Finally, Stifel Nicolaus dropped their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average target price of $69.67.

Read Our Latest Research Report on Donaldson

Insiders Place Their Bets

In related news, Director James Owens sold 18,700 shares of the firm’s stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the sale, the director now directly owns 20,246 shares of the company’s stock, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. This trade represents a 50.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Donaldson

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Integrated Wealth Concepts LLC boosted its stake in Donaldson by 16.5% in the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock valued at $233,000 after acquiring an additional 494 shares in the last quarter. Royal Bank of Canada boosted its stake in Donaldson by 38.2% in the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock valued at $6,848,000 after acquiring an additional 28,207 shares in the last quarter. Millennium Management LLC boosted its stake in Donaldson by 428.6% in the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after acquiring an additional 181,602 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Donaldson by 29.0% in the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after acquiring an additional 62,864 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

About Donaldson

(Get Free Report)

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.

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