BidaskClub cut shares of Donaldson Company, Inc. (NYSE:DCI) from a buy rating to a hold rating in a report released on Monday, July 31st.
A number of other research analysts have also issued reports on the company. Zacks Investment Research upgraded Donaldson from a hold rating to a buy rating and set a $52.00 target price for the company in a report on Friday, May 12th. Jefferies Group LLC upgraded Donaldson from a hold rating to a buy rating and set a $54.00 target price for the company in a report on Wednesday, May 31st. Stifel Nicolaus reiterated a hold rating and issued a $48.00 target price (up from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Donaldson in a report on Thursday, June 1st. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company has an average rating of Hold and an average price target of $48.25.
Shares of Donaldson (DCI) traded up 0.13% during mid-day trading on Monday, reaching $46.35. The company had a trading volume of 333,855 shares. The firm has a 50-day moving average price of $46.71 and a 200-day moving average price of $45.51. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 27.59 and a beta of 1.22. Donaldson has a 1-year low of $35.59 and a 1-year high of $48.91.
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, beating the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $608.20 million during 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 revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. Equities analysts expect that Donaldson will post ($0.38) earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.18 per share. The ex-dividend date is Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.55%. This is a boost from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s payout ratio is 43.11%.
In other news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the sale, the director now owns 59,001 shares in the company, valued at $2,733,516.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by insiders.
Hedge funds have recently bought and sold shares of the company. Mckinley Capital Management LLC Delaware bought a new position in shares of Donaldson during the first quarter valued at about $202,000. AQR Capital Management LLC bought a new position in shares of Donaldson during the fourth quarter valued at about $791,000. Louisiana State Employees Retirement System boosted its position in shares of Donaldson by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the industrial products company’s stock valued at $1,516,000 after buying an additional 600 shares during the period. Mountain Pacific Investment Advisers Inc. ID boosted its position in shares of Donaldson by 4.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 650,927 shares of the industrial products company’s stock valued at $29,630,000 after buying an additional 26,901 shares during the period. Finally, Confluence Investment Management LLC boosted its position in shares of Donaldson by 5.4% in the first quarter. Confluence Investment Management LLC now owns 327,359 shares of the industrial products company’s stock valued at $14,901,000 after buying an additional 16,723 shares during the period. Institutional investors and hedge funds own 78.17% of the company’s stock.
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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