Donaldson Company, Inc. (DCI) Given Consensus Rating of “Hold” by Brokerages

Shares of Donaldson Company, Inc. (NYSE:DCI) have been assigned an average rating of “Hold” from the seven research firms that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $48.67.

A number of equities research analysts have recently weighed in on DCI shares. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Jefferies Group LLC reiterated a “buy” rating and issued a $54.00 price target on shares of Donaldson in a report on Tuesday, October 3rd. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 price target (down from $48.00) on shares of Donaldson in a report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and issued a $47.00 price target on shares of Donaldson in a report on Friday, September 8th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a report on Thursday, September 7th.

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A number of institutional investors and hedge funds have recently modified their holdings of DCI. Russell Investments Group Ltd. grew its stake in Donaldson by 14.1% during the 1st quarter. Russell Investments Group Ltd. now owns 50,054 shares of the industrial products company’s stock worth $2,278,000 after buying an additional 6,170 shares during the last quarter. Parametric Portfolio Associates LLC grew its stake in Donaldson by 7.1% during the 1st quarter. Parametric Portfolio Associates LLC now owns 184,902 shares of the industrial products company’s stock worth $8,417,000 after buying an additional 12,278 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Donaldson by 96.0% during the 1st quarter. JPMorgan Chase & Co. now owns 9,985 shares of the industrial products company’s stock worth $454,000 after buying an additional 4,891 shares during the last quarter. KBC Group NV grew its stake in Donaldson by 259.9% during the 1st quarter. KBC Group NV now owns 9,001 shares of the industrial products company’s stock worth $410,000 after buying an additional 6,500 shares during the last quarter. Finally, Victory Capital Management Inc. grew its stake in Donaldson by 23.2% during the 1st quarter. Victory Capital Management Inc. now owns 30,320 shares of the industrial products company’s stock worth $1,380,000 after buying an additional 5,707 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.

Shares of Donaldson (NYSE:DCI) traded up 0.28% during trading on Friday, hitting $46.34. 222,272 shares of the stock were exchanged. The stock has a market cap of $6.02 billion, a PE ratio of 26.63 and a beta of 1.22. Donaldson has a one year low of $35.85 and a one year high of $48.91. The stock’s 50 day moving average price is $45.83 and its 200 day moving average price is $46.10.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm had revenue of $660.10 million during the quarter, compared to the consensus estimate of $634.41 million. During the same quarter last year, the firm posted $0.46 earnings per share. Donaldson’s revenue was up 11.2% compared to the same quarter last year. Equities research analysts predict that Donaldson will post ($0.38) EPS for the current year.

About Donaldson

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.

Analyst Recommendations for Donaldson (NYSE:DCI)

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