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Donaldson Company, Inc.'s (NYSE:DCI) Institutional Investors Lost 6.6% Over the Past Week but Have Profited From Longer-term Gains

Donaldson Company, Inc.'s (NYSE:DCI) Institutional Investors Lost 6.6% Over the Past Week but Have Profited From Longer-term Gains

唐纳森公司(纽交所代码:DCI)的机构投资者在过去一周损失了6.6%,但从长期收益中获利。
Simply Wall St ·  2024/12/09 07:20

Key Insights

主要见解

  • Significantly high institutional ownership implies Donaldson Company's stock price is sensitive to their trading actions
  • The top 15 shareholders own 50% of the company
  • Recent sales by insiders
  • 显著高的机构持股意味着唐纳森公司的股票价格对他们的交易行为敏感
  • 前15大股东拥有该公司50%的股份。
  • 最近由内部人士出售。

To get a sense of who is truly in control of Donaldson Company, Inc. (NYSE:DCI), it is important to understand the ownership structure of the business. And the group that holds the biggest piece of the pie are institutions with 86% ownership. In other words, the group stands to gain the most (or lose the most) from their investment into the company.

要了解谁真正控制着唐纳森公司(纽交所:DCI),了解业务的所有权结构是很重要的。而持有最大股份的机构拥有86%的股份。换句话说,这个群体将从他们对公司的投资中获得最多的收益(或承担最多的损失)。

Institutional investors endured the highest losses after the company's market cap fell by US$645m last week. However, the 18% one-year return to shareholders might have softened the blow. They should, however, be mindful of further losses in the future.

机构投资者在公司市值上周下降64500万美元后遭遇了最大的损失。然而,对于股东来说,18%的一年回报可能缓解了这一打击。然而,他们应该对未来可能出现的进一步损失保持警惕。

In the chart below, we zoom in on the different ownership groups of Donaldson Company.

在下面的图表中,我们将重点关注唐纳森公司的不同股权结构。

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NYSE:DCI Ownership Breakdown December 9th 2024
纽交所:DCI 股东结构 2024年12月9日

What Does The Institutional Ownership Tell Us About Donaldson Company?

机构持有对我们了解唐纳森公司有什么启示?

Institutional investors commonly compare their own returns to the returns of a commonly followed index. So they generally do consider buying larger companies that are included in the relevant benchmark index.

机构投资者通常将自己的回报与常见的指数回报进行比较。因此,他们通常会考虑购买包括在相关基准指数中的较大公司。

Donaldson Company already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. When such a trade goes wrong, multiple parties may compete to sell stock fast. This risk is higher in a company without a history of growth. You can see Donaldson Company's historic earnings and revenue below, but keep in mind there's always more to the story.

唐纳森公司已经在股票登记中有机构投资者。事实上,他们在公司的股份相当可观。这意味着为这些机构工作的分析师已经对该股票进行了研究,并且他们喜欢它。但就像其他任何人一样,他们也可能会犯错。当多个机构持有一只股票时,总是存在他们在进行“拥挤交易”的风险。当这样的交易出现问题时,多个参与方可能会竞相快速出售股票。对于没有增长历史的公司来说,这种风险更高。您可以在下面看到唐纳森公司的历史收入和营业收入,但请记住,故事总是更为复杂。

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NYSE:DCI Earnings and Revenue Growth December 9th 2024
纽交所:DCI 盈利和营业收入增长 2024年12月9日

Since institutional investors own more than half the issued stock, the board will likely have to pay attention to their preferences. Hedge funds don't have many shares in Donaldson Company. The Vanguard Group, Inc. is currently the company's largest shareholder with 11% of shares outstanding. Meanwhile, the second and third largest shareholders, hold 9.0% and 7.8%, of the shares outstanding, respectively.

由于机构投资者拥有超过一半的已发行股票,董事会可能需要关注他们的偏好。 对冲基金在唐纳森公司没有多少股份。 先锋集团目前是该公司的最大股东,持有11%的流通股份。 与此同时,第二和第三大股东分别持有9.0%和7.8%的流通股份。

A closer look at our ownership figures suggests that the top 15 shareholders have a combined ownership of 50% implying that no single shareholder has a majority.

仔细观察我们的股权拆分数据表明,前15大股东持有的股权总和为50%,这意味着没有任何单一股东拥有多数股份。

While it makes sense to study institutional ownership data for a company, it also makes sense to study analyst sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it might be useful to find out their aggregate view on the future.

虽然仔细研究公司的机构持股数据是有意义的,但研究分析师对该股票的看法也是有意义的。有相当数量的分析师在跟踪该股票,因此了解他们对于未来发展的总体看法可能会有所帮助。

Insider Ownership Of Donaldson Company

唐纳森公司的内部持股

The definition of an insider can differ slightly between different countries, but members of the board of directors always count. Management ultimately answers to the board. However, it is not uncommon for managers to be executive board members, especially if they are a founder or the CEO.

在不同国家,内部人员的定义可能会略有不同,但董事会成员始终是内部人员。管理层最终向董事会负责。然而,如果管理人员是创始人或CEO,那么成为执行董事会成员也是很常见的。

I generally consider insider ownership to be a good thing. However, on some occasions it makes it more difficult for other shareholders to hold the board accountable for decisions.

我通常认为内部人士持股是一件好事。但是,在某些情况下,它会使其他股东更难以对董事会的决定进行问责。

Our information suggests that Donaldson Company, Inc. insiders own under 1% of the company. Being so large, we would not expect insiders to own a large proportion of the stock. Collectively, they own US$50m of stock. In this sort of situation, it can be more interesting to see if those insiders have been buying or selling.

我们的信息表明,唐纳森公司内部人士拥有公司不到1%的股份。由于公司规模如此庞大,我们不期望内部人士持有大量股票。总的来说,他们拥有5000万美元的股票。在这种情况下,看看这些内部人士是否在买入或卖出会更有趣。

General Public Ownership

一般大众所有权

The general public-- including retail investors -- own 14% stake in the company, and hence can't easily be ignored. While this size of ownership may not be enough to sway a policy decision in their favour, they can still make a collective impact on company policies.

一般公众,包括散户投资者,拥有该公司14%的股份,因此不能轻易忽视。尽管这种所有权的规模可能不足以在他们的利益方面影响政策决策,但他们仍然可以对公司政策产生集体影响。

Next Steps:

下一步:

While it is well worth considering the different groups that own a company, there are other factors that are even more important. Take risks for example - Donaldson Company has 1 warning sign we think you should be aware of.

尽管考虑拥有公司的不同群体非常重要,但还有其他因素甚至更加重要。以风险为例——唐纳森公司有一个我们认为你应该注意的警告信号。

If you are like me, you may want to think about whether this company will grow or shrink. Luckily, you can check this free report showing analyst forecasts for its future.

如果您像我一样,可能希望考虑这家公司是否会增长或缩小。幸运的是,您可以查看此免费报告,显示分析师对其未来的预测。

NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures.

注:本文中的数据是使用最后一个财务报表日期结束的为期12个月的数据计算的。这可能与全年年度报告数据不一致。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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Simply Wall St的这篇文章是一般性质的。我们仅基于历史数据和分析师预测提供评论,使用公正的方法,我们的文章并非意在提供财务建议。这并不构成买入或卖出任何股票的建议,并且不考虑您的目标或财务状况。我们旨在为您带来基于基础数据驱动的长期聚焦分析。请注意,我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St对提及的任何股票都没有持仓。

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