Pier 88 Investment Partners LLC Invests $442,000 in Donaldson Company, Inc. $DCI

Pier 88 Investment Partners LLC acquired a new position in Donaldson Company, Inc. (NYSE:DCI) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,400 shares of the industrial products company’s stock, valued at approximately $442,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Donaldson in the 2nd quarter worth approximately $403,000. Advisors Preferred LLC bought a new position in shares of Donaldson in the second quarter worth $372,000. Ballast Asset Management LP bought a new stake in shares of Donaldson during the second quarter valued at about $2,418,000. SG Americas Securities LLC lifted its holdings in Donaldson by 258.9% in the third quarter. SG Americas Securities LLC now owns 27,033 shares of the industrial products company’s stock worth $2,213,000 after purchasing an additional 19,500 shares during the period. Finally, Aurora Investment Counsel bought a new position in Donaldson in the 2nd quarter valued at about $2,412,000. 82.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Donaldson Stock Performance

Shares of NYSE DCI opened at $100.69 on Tuesday. Donaldson Company, Inc. has a 52-week low of $57.45 and a 52-week high of $103.78. The stock has a market capitalization of $11.61 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 2.49 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. The stock’s fifty day simple moving average is $92.64 and its 200 day simple moving average is $83.75.

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

Donaldson Dividend Announcement

The firm also recently declared 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. This represents a $1.20 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Friday, December 5th. Donaldson’s payout ratio is presently 37.38%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $72.00 to $84.00 in a research report on Monday, November 24th. Jefferies Financial Group raised Donaldson from a “hold” rating to a “buy” rating and boosted their target price for the stock from $92.00 to $120.00 in a report on Friday, January 9th. Robert W. Baird set a $100.00 target price on Donaldson in a research report on Friday, December 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Finally, Stifel Nicolaus raised their target price on Donaldson from $90.00 to $96.00 and gave the company a “hold” rating in a research note on Friday, December 5th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.00.

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.