Donaldson Company, Inc. (DCI) Downgraded by BidaskClub

BidaskClub cut shares of Donaldson Company, Inc. (NYSE:DCI) from a buy rating to a hold rating in a research report report published on Monday, July 31st.

Several other analysts have also issued reports on the company. Zacks Investment Research raised Donaldson from a hold rating to a buy rating and set a $52.00 target price on the stock in a report on Friday, May 12th. Jefferies Group LLC raised Donaldson from a hold rating to a buy rating and set a $54.00 target price on the stock in a report on Wednesday, May 31st. Stifel Nicolaus reaffirmed a hold rating and issued a $48.00 price objective (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Donaldson in a research note on Thursday, June 1st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Donaldson has a consensus rating of Hold and a consensus target price of $48.25.

Shares of Donaldson (DCI) opened at 46.49 on Monday. The company has a 50-day moving average of $46.50 and a 200 day moving average of $45.37. Donaldson has a 12-month low of $35.59 and a 12-month high of $48.91. The firm has a market capitalization of $6.09 billion, a PE ratio of 27.67 and a beta of 1.22.

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

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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a yield of 1.55%. Donaldson’s dividend payout ratio (DPR) is currently 41.92%.

In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of the stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $46.84, for a total value of $674,496.00. Following the completion of the transaction, the director now directly owns 41,473 shares in the company, valued at $1,942,595.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is currently owned by company insiders.

Institutional investors have recently bought and sold shares of the stock. Waters Parkerson & CO. LLC increased its position in Donaldson by 9.2% in the second quarter. Waters Parkerson & CO. LLC now owns 43,445 shares of the industrial products company’s stock valued at $1,978,000 after buying an additional 3,650 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in Donaldson during the second quarter valued at approximately $1,909,000. Citadel Advisors LLC increased its position in shares of Donaldson by 10.1% in the second quarter. Citadel Advisors LLC now owns 142,451 shares of the industrial products company’s stock worth $6,487,000 after buying an additional 13,014 shares during the period. TLP Group LLC bought a new position in shares of Donaldson during the second quarter worth about $255,000. Finally, Quantbot Technologies LP bought a new position in shares of Donaldson during the second quarter worth about $207,000. Hedge funds and other institutional investors own 78.83% of the company’s stock.

Donaldson Company Profile

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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