Short Interest in Donaldson Company, Inc. (NYSE:DCI) Decreases By 15.9%

Donaldson Company, Inc. (NYSE:DCI) saw a large decrease in short interest in the month of December. As of December 15th, there was short interest totaling 1,626,276 shares, a decrease of 15.9% from the November 30th total of 1,934,726 shares. Approximately 1.4% of the shares of the company are sold short. Based on an average daily volume of 844,230 shares, the days-to-cover ratio is presently 1.9 days. Based on an average daily volume of 844,230 shares, the days-to-cover ratio is presently 1.9 days. Approximately 1.4% of the shares of the company are sold short.

Donaldson Trading Down 0.7%

DCI opened at $90.29 on Wednesday. Donaldson has a twelve month low of $57.45 and a twelve month high of $95.00. The company has a fifty day moving average of $88.37 and a 200-day moving average of $80.20. The stock has a market cap of $10.41 billion, a PE ratio of 28.13, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. The company has a quick ratio of 1.39, a current ratio of 2.15 and a debt-to-equity ratio of 0.44.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, December 4th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.93 by $0.01. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The business had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $922.68 million. During the same quarter in the prior year, the firm posted $0.83 earnings per share. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. Donaldson has set its FY 2026 guidance at 3.950-4.110 EPS. On average, sell-side analysts predict that Donaldson will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Friday, December 5th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, December 5th. This represents a $1.20 annualized dividend and a dividend yield of 1.3%. Donaldson’s payout ratio is presently 37.38%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $72.00 to $84.00 in a research report on Monday, November 24th. Stifel Nicolaus raised their price objective on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research report on Friday, December 5th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Finally, Robert W. Baird set a $100.00 price objective on Donaldson in a research report on Friday, December 5th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $93.33.

Insider Activity

In related news, CFO Bradley J. Pogalz sold 566 shares of Donaldson stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the completion of the transaction, the chief financial officer owned 434 shares in the company, valued at approximately $39,741.38. This trade represents a 56.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 19,800 shares of the firm’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the sale, the director directly owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DCI. Kingstone Capital Partners Texas LLC bought a new stake in Donaldson in the 2nd quarter worth about $679,475,000. Victory Capital Management Inc. grew its holdings in shares of Donaldson by 6,069.9% in the third quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock valued at $96,492,000 after acquiring an additional 1,159,777 shares in the last quarter. Norges Bank bought a new position in shares of Donaldson in the second quarter valued at approximately $68,759,000. AQR Capital Management LLC increased its position in shares of Donaldson by 32.4% during the first quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company’s stock valued at $77,636,000 after acquiring an additional 286,598 shares during the last quarter. Finally, Swedbank AB boosted its position in Donaldson by 98.5% in the first quarter. Swedbank AB now owns 514,800 shares of the industrial products company’s stock worth $34,522,000 after purchasing an additional 255,400 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

About Donaldson

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.