Donaldson Company, Inc. (NYSE:DCI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Donaldson Company, Inc. (NYSE:DCI) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $97.8333.

Several analysts have issued reports on DCI shares. Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday. Stifel Nicolaus lowered their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research report on Thursday, June 4th.

Hedge Funds Weigh In On Donaldson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCI. State Street Corp boosted its stake in shares of Donaldson by 0.7% in the 2nd quarter. State Street Corp now owns 5,221,808 shares of the industrial products company’s stock worth $362,132,000 after buying an additional 36,866 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Donaldson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company’s stock valued at $252,386,000 after acquiring an additional 15,674 shares during the period. Morgan Stanley boosted its position in Donaldson by 1.9% in the fourth quarter. Morgan Stanley now owns 2,542,166 shares of the industrial products company’s stock worth $225,389,000 after purchasing an additional 47,062 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Donaldson by 22.0% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 2,109,595 shares of the industrial products company’s stock worth $187,037,000 after purchasing an additional 380,419 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Donaldson by 0.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,010,010 shares of the industrial products company’s stock valued at $178,224,000 after purchasing an additional 15,799 shares during the period. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Performance

Shares of Donaldson stock opened at $96.21 on Tuesday. The business has a 50-day moving average price of $88.07 and a two-hundred day moving average price of $91.23. Donaldson has a 1-year low of $71.03 and a 1-year high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The company has a market cap of $11.15 billion, a P/E ratio of 25.86, a PEG ratio of 2.38 and a beta of 0.92.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. During the same period last year, the business earned $0.99 EPS. The business’s revenue was up 5.9% on a year-over-year basis. As a group, analysts anticipate that Donaldson will post 3.96 EPS for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Investors of record on Monday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.