Donaldson Company, Inc. (DCI) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Donaldson Company, Inc. (NYSE:DCI) from a hold rating to a buy rating in a report published on Friday, May 12th. Zacks Investment Research currently has $52.00 target price on the industrial products company’s stock.

According to Zacks, “Over the past one year period, Donaldson’s shares have managed to outperform the Zacks categorized Pollution Control Equipment & Services industry average. Also, the company has beaten earnings estimates thrice in the trailing four quarters. Donaldson is committed to achieve sustained improvement in operational efficiency through strategic restructuring actions and improved customer relations. Moreover, the company’s strategy of winning first-fit programs, aftermarket growth, constant geographic expansion and fostering innovative technology are likely to act as growth catalysts in the coming quarters. This apart, Donaldson’s solid financial health adds to its strength. However, on the flip side, issues like persistent weakness in key markets, including agriculture, oil and gas, mining equipment and construction business, are anticipated to act as significant headwinds in the short term.”

Shares of Donaldson Company (NYSE:DCI) traded up 1.18% during trading on Friday, hitting $47.21. The stock had a trading volume of 928,768 shares. The stock has a 50-day moving average price of $46.58 and a 200 day moving average price of $44.36. Donaldson Company has a 12 month low of $33.22 and a 12 month high of $48.91. The company has a market cap of $6.19 billion, a P/E ratio of 28.10 and a beta of 1.14.

Donaldson Company (NYSE:DCI) last posted its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Donaldson Company had a return on equity of 28.12% and a net margin of 9.72%. The company had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. During the same period last year, the firm earned $0.43 earnings per share. Donaldson Company’s quarterly revenue was up 6.5% on a year-over-year basis. Equities analysts expect that Donaldson Company will post ($0.38) EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Monday, June 12th will be given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date is Thursday, June 8th. Donaldson Company’s dividend payout ratio (DPR) is currently 41.92%.

Several hedge funds have recently bought and sold shares of DCI. Seven Eight Capital LP purchased a new stake in Donaldson Company during the fourth quarter worth approximately $109,000. Clean Yield Group bought a new position in shares of Donaldson Company during the first quarter valued at about $109,000. TrimTabs Asset Management LLC bought a new position in shares of Donaldson Company during the first quarter valued at about $125,000. Mosaic Family Wealth LLC boosted its position in shares of Donaldson Company by 9.9% in the third quarter. Mosaic Family Wealth LLC now owns 4,092 shares of the industrial products company’s stock valued at $153,000 after buying an additional 369 shares during the period. Finally, Schroder Investment Management Group bought a new position in shares of Donaldson Company during the first quarter valued at about $154,000. Institutional investors and hedge funds own 78.18% of the company’s stock.

About Donaldson Company

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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