Donaldson (NYSE:DCI) Announces Earnings Results
by Amy Steele · The Cerbat GemDonaldson (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
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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