Donaldson (NYSE:DCI) Issues Earnings Results, Beats Expectations By $0.02 EPS

Donaldson (NYSE:DCI) released its quarterly earnings results on Tuesday. The industrial products company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02, FiscalAI reports. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion.

Donaldson Stock Up 0.9%

Shares of NYSE DCI opened at $93.29 on Wednesday. The firm has a market cap of $10.81 billion, a price-to-earnings ratio of 25.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. The company’s 50-day simple moving average is $91.55 and its 200-day simple moving average is $90.52. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. Donaldson has a 52-week low of $75.58 and a 52-week high of $112.84.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.32 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Robert W. Baird increased their price target on Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus dropped their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Strive Financial Group LLC acquired a new position in shares of Donaldson during the fourth quarter valued at approximately $57,000. UMB Bank n.a. lifted its position in shares of Donaldson by 47.9% in the fourth quarter. UMB Bank n.a. now owns 1,115 shares of the industrial products company’s stock valued at $99,000 after acquiring an additional 361 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Donaldson by 389.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,389 shares of the industrial products company’s stock worth $114,000 after acquiring an additional 1,105 shares during the last quarter. Quarry LP boosted its stake in shares of Donaldson by 23.4% in the third quarter. Quarry LP now owns 1,671 shares of the industrial products company’s stock worth $137,000 after acquiring an additional 317 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Donaldson by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock worth $141,000 after purchasing an additional 933 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

About Donaldson

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.