United Services Automobile Association Has $681,000 Stake in Donaldson Company, Inc. (NYSE:DCI)

Posted by MarketBeat News on Mar 15th, 2023

United Services Automobile Association boosted its stake in shares of Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 5.2% in the third quarter, HoldingsChannel reports. The firm owned 13,905 shares of the industrial products company’s stock after purchasing an additional 690 shares during the quarter. United Services Automobile Association’s holdings in Donaldson were worth $681,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DCI. EverSource Wealth Advisors LLC bought a new position in shares of Donaldson during the 3rd quarter worth approximately $27,000. Adirondack Trust Co. purchased a new stake in Donaldson in the 3rd quarter worth about $39,000. Wipfli Financial Advisors LLC bought a new position in Donaldson in the 3rd quarter worth about $58,000. IFP Advisors Inc boosted its stake in Donaldson by 22.3% in the 3rd quarter. IFP Advisors Inc now owns 1,597 shares of the industrial products company’s stock worth $74,000 after purchasing an additional 291 shares during the period. Finally, CWM LLC boosted its position in shares of Donaldson by 22.4% during the 3rd quarter. CWM LLC now owns 1,710 shares of the industrial products company’s stock valued at $84,000 after acquiring an additional 313 shares during the last quarter. 80.10% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DCI has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Donaldson from $66.00 to $69.00 in a research note on Friday, March 3rd. Morgan Stanley upped their price target on Donaldson from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, March 2nd.

Insiders Place Their Bets

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In related news, Director James Owens sold 10,800 shares of Donaldson stock in a transaction dated Thursday, March 2nd. The stock was 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 in the company, valued at approximately $950,098.24. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, Director James Owens sold 10,800 shares of the company’s stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $66.08, for a total value of $713,664.00. Following the completion of the sale, the director now directly owns 14,378 shares in the company, valued at $950,098.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, President Thomas R. Scalf sold 4,500 shares of the company’s stock in a transaction that occurred on Wednesday, January 11th. The shares were sold at an average price of $61.00, for a total value of $274,500.00. Following the completion of the transaction, the president now owns 26,443 shares in the company, valued at $1,613,023. The disclosure for this sale can be found here. 2.77% of the stock is currently owned by insiders.

Donaldson Price Performance

Shares of Donaldson stock opened at $64.66 on Wednesday. The firm has a market cap of $7.84 billion, a PE ratio of 22.48, a PEG ratio of 2.00 and a beta of 1.21. Donaldson Company, Inc. has a 12 month low of $46.00 and a 12 month high of $66.96. The stock has a 50 day moving average of $62.59 and a 200 day moving average of $58.12. The company has a current ratio of 2.33, a quick ratio of 1.46 and a debt-to-equity ratio of 0.52.

Donaldson (NYSE:DCI – Get Rating) last issued its quarterly earnings results on Wednesday, March 8th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. The firm had revenue of $828.30 million during the quarter, compared to analyst estimates of $838.29 million. Donaldson had a return on equity of 32.35% and a net margin of 10.45%. Donaldson’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same period last year, the company earned $0.57 EPS. On average, research analysts expect that Donaldson Company, Inc. will post 3.05 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, February 27th. Stockholders of record on Friday, February 10th were given a $0.23 dividend. The ex-dividend date of this dividend was Thursday, February 9th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.42%. Donaldson’s payout ratio is 31.94%.

Donaldson Company Profile

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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.