Swiss National Bank Acquires 3,600 Shares of Donaldson Company, Inc. (NYSE:DCI)

Posted by on May 13th, 2023

Swiss National Bank lifted its stake in Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 296,600 shares of the industrial products company’s stock after purchasing an additional 3,600 shares during the period. Swiss National Bank owned 0.24% of Donaldson worth $17,461,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in Donaldson by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,570,319 shares of the industrial products company’s stock valued at $616,072,000 after buying an additional 97,879 shares during the period. BlackRock Inc. raised its position in shares of Donaldson by 3.9% in the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after acquiring an additional 413,360 shares during the period. State Street Corp boosted its stake in Donaldson by 2.0% during the 3rd quarter. State Street Corp now owns 6,900,690 shares of the industrial products company’s stock worth $338,203,000 after acquiring an additional 132,979 shares during the last quarter. Boston Trust Walden Corp grew its holdings in Donaldson by 0.3% during the fourth quarter. Boston Trust Walden Corp now owns 2,604,940 shares of the industrial products company’s stock valued at $153,353,000 after purchasing an additional 8,426 shares during the period. Finally, Impax Asset Management Group plc increased its stake in Donaldson by 2.1% in the third quarter. Impax Asset Management Group plc now owns 1,668,119 shares of the industrial products company’s stock valued at $80,999,000 after purchasing an additional 33,952 shares in the last quarter. 80.10% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DCI has been the subject of several research analyst reports. StockNews.com started coverage on shares of Donaldson in a report on Thursday, March 16th. They issued a “strong-buy” rating for the company. Robert W. Baird boosted their target price on Donaldson from $66.00 to $69.00 in a research note on Friday, March 3rd. Finally, Morgan Stanley raised their price target on Donaldson from $70.00 to $71.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th.

Donaldson Stock Down 0.0 %

Shares of DCI stock opened at $63.29 on Friday. The company has a market capitalization of $7.68 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 2.02 and a beta of 1.20. Donaldson Company, Inc. has a 12-month low of $46.00 and a 12-month high of $66.96. The firm has a fifty day moving average of $63.70 and a 200-day moving average of $61.68. The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.52.

Donaldson (NYSE:DCI – Get Rating) last released its quarterly earnings results on Wednesday, March 8th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $828.30 million for the quarter, compared to the consensus estimate of $838.29 million. Donaldson had a return on equity of 32.35% and a net margin of 10.45%. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. As a group, equities research analysts predict that Donaldson Company, Inc. will post 3.05 earnings per share for the current fiscal year.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Christopher M. Hilger purchased 3,186 shares of the firm’s stock in a transaction dated Tuesday, April 11th. The stock was bought at an average cost of $62.76 per share, with a total value of $199,953.36. Following the purchase, the director now directly owns 7,872 shares of the company’s stock, valued at $494,046.72. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other Donaldson news, Director Christopher M. Hilger acquired 3,186 shares of Donaldson stock in a transaction dated Tuesday, April 11th. The stock was bought at an average cost of $62.76 per share, for a total transaction of $199,953.36. Following the purchase, the director now directly owns 7,872 shares in the company, valued at approximately $494,046.72. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director James Owens sold 10,800 shares of the firm’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total value of $713,664.00. Following the completion of the transaction, the director now owns 14,378 shares of the company’s stock, valued at approximately $950,098.24. The disclosure for this sale can be found here. Company insiders own 2.77% of the company’s stock.

About Donaldson

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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