Natixis Advisors L.P. Has $665,000 Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Posted by Defense World Staff on Sep 7th, 2023

Natixis Advisors L.P. cut its holdings in Donaldson Company, Inc. (NYSE:DCI – Free Report) by 5.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 10,183 shares of the industrial products company’s stock after selling 571 shares during the quarter. Natixis Advisors L.P.’s holdings in Donaldson were worth $665,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its stake in shares of Donaldson by 521.3% in the first quarter. Bessemer Group Inc. now owns 497 shares of the industrial products company’s stock worth $32,000 after buying an additional 417 shares during the last quarter. Belpointe Asset Management LLC acquired a new position in Donaldson during the 4th quarter valued at $32,000. Trust Co. of Vermont acquired a new position in Donaldson during the 1st quarter valued at $42,000. Fred Alger Management LLC acquired a new position in Donaldson during the 3rd quarter valued at $35,000. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in Donaldson during the 1st quarter valued at $48,000. 80.35% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Up 0.0 %

DCI opened at $63.31 on Thursday. The firm’s 50-day simple moving average is $62.32 and its 200-day simple moving average is $62.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.27 and a current ratio of 1.70. Donaldson Company, Inc. has a twelve month low of $48.17 and a twelve month high of $66.96. The firm has a market cap of $7.68 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.93 and a beta of 1.18.

Donaldson (NYSE:DCI – Get Free Report) last posted its earnings results on Tuesday, August 29th. The industrial products company reported $0.78 earnings per share for the quarter, hitting the consensus estimate of $0.78. Donaldson had a net margin of 10.46% and a return on equity of 30.21%. The business had revenue of $879.50 million for the quarter, compared to analyst estimates of $896.05 million. During the same quarter in the prior year, the firm earned $0.84 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.2 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 30th. Investors of record on Tuesday, August 15th were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, August 14th. This represents a $1.00 annualized dividend and a yield of 1.58%. Donaldson’s dividend payout ratio (DPR) is 34.36%.

Insider Buying and Selling

In related news, CFO Scott J. Robinson sold 24,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $62.44, for a total transaction of $1,498,560.00. Following the transaction, the chief financial officer now owns 27,670 shares in the company, valued at approximately $1,727,714.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Donaldson news, CFO Scott J. Robinson sold 24,000 shares of the company’s stock in a transaction dated Monday, July 3rd. The shares were sold at an average price of $62.44, for a total transaction of $1,498,560.00. Following the transaction, the chief financial officer now directly owns 27,670 shares in the company, valued at approximately $1,727,714.80. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Amy C. Becker sold 3,000 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $63.84, for a total transaction of $191,520.00. Following the transaction, the insider now owns 35,809 shares in the company, valued at $2,286,046.56. The disclosure for this sale can be found here. Insiders have sold a total of 53,300 shares of company stock worth $3,371,965 in the last 90 days. Corporate insiders own 2.77% of the company’s stock.

Analyst Ratings Changes

DCI has been the subject of several research analyst reports. Robert W. Baird upped their target price on shares of Donaldson from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th. Citigroup initiated coverage on shares of Donaldson in a report on Tuesday, June 27th. They issued a “neutral” rating and a $66.00 price target on the stock. They noted that the move was a valuation call. Finally, StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th.

View Our Latest Analysis on DCI

Donaldson Company Profile

(Free Report)

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.