Donaldson Company, Inc. (NYSE:DCI) Stock Holdings Increased by Federated Hermes Inc.

Federated Hermes Inc. grew its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 13.2% in the second quarter, according to its most recent filing with the SEC. The firm owned 14,787 shares of the industrial products company’s stock after acquiring an additional 1,729 shares during the quarter. Federated Hermes Inc.’s holdings in Donaldson were worth $1,058,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Public Employees Retirement Association of Colorado acquired a new position in Donaldson during the 1st quarter valued at about $660,000. UBS Group AG raised its holdings in Donaldson by 83.5% during the fourth quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock worth $25,014,000 after purchasing an additional 174,193 shares in the last quarter. New York State Teachers Retirement System lifted its position in Donaldson by 2.6% in the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock worth $10,575,000 after purchasing an additional 3,792 shares during the period. CANADA LIFE ASSURANCE Co boosted its stake in Donaldson by 21.7% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after purchasing an additional 19,670 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Donaldson by 254.5% during the 1st quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock valued at $1,672,000 after purchasing an additional 16,071 shares during the period. Institutional investors own 82.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on DCI shares. Robert W. Baird decreased their target price on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Raymond James assumed coverage on shares of Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday. Finally, Stifel Nicolaus decreased their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Donaldson currently has an average rating of “Hold” and a consensus price target of $69.67.

Insider Activity at Donaldson

In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Donaldson news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James Owens sold 5,210 shares of the stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the transaction, the director now owns 17,788 shares in the company, valued at approximately $1,276,111.12. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $72.30 on Friday. The company has a market capitalization of $8.71 billion, a price-to-earnings ratio of 22.38, a P/E/G ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock’s fifty day simple moving average is $72.46 and its 200-day simple moving average is $72.90.

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

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were issued a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.49%. Donaldson’s dividend payout ratio is 33.44%.

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.