Shares of Donaldson Company, Inc. (NYSE:DCI) have been given an average rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $48.67.
DCI has been the subject of a number of recent analyst reports. BidaskClub downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a research note on Wednesday, May 31st. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, May 23rd. Stifel Nicolaus restated a “hold” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st.
Donaldson (NYSE DCI) traded up 0.25% during trading on Wednesday, reaching $44.83. 951,435 shares of the company’s stock were exchanged. The firm has a market cap of $5.88 billion, a price-to-earnings ratio of 26.68 and a beta of 1.21. Donaldson has a 12 month low of $35.85 and a 12 month high of $48.91. The firm’s 50-day moving average price is $46.35 and its 200-day moving average price is $45.99.
Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The business had revenue of $660.10 million during the quarter, compared to the consensus estimate of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. On average, equities research analysts anticipate that Donaldson will post ($0.38) EPS for the current year.
The company also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a dividend of $0.18 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, August 11th. This represents a $0.72 annualized dividend and a dividend yield of 1.61%. Donaldson’s dividend payout ratio is presently 41.38%.
In other news, Director John Wiehoff sold 14,400 shares of the stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the completion of the transaction, the director now owns 59,001 shares in the company, valued at approximately $2,733,516.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the business. Schroder Investment Management Group bought a new position in Donaldson in the 1st quarter worth about $154,000. Northwestern Mutual Wealth Management Co. boosted its stake in Donaldson by 5.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 217 shares during the period. Mckinley Capital Management LLC Delaware bought a new position in Donaldson in the 1st quarter worth about $202,000. Mosaic Family Wealth LLC boosted its stake in Donaldson by 5.1% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares during the period. Finally, Quantbot Technologies LP bought a new position in Donaldson in the 2nd quarter worth about $207,000. Institutional investors and hedge funds own 77.91% of the company’s stock.
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Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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