Analysts’ Weekly Ratings Changes for Donaldson (DCI)

Donaldson (NYSE: DCI) recently received a number of ratings updates from brokerages and research firms:

  • 10/30/2017 – Donaldson was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Donaldson has an impressive earnings surprise history, having beaten estimates thrice in the trailing four quarters. Donaldson’s Engine Products segment has been showing great momentum, benefiting from stabilization in market conditions and robust sales of replacement parts. 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 going forward. However, on the flip side, Donaldson’s shares have underperformed the industry average over the past six months. The sales continue to be hurt by prolonged weakness in the gas turbine market. Poor performance from Aerospace and Defense is making matters worse. Further, issues like weakness in key markets, including agriculture and construction business are anticipated to act as significant headwinds.”
  • 10/27/2017 – Donaldson had its “hold” rating reaffirmed by analysts at SunTrust Banks, Inc.. They now have a $46.00 price target on the stock.
  • 10/19/2017 – Donaldson had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 10/17/2017 – Donaldson was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “In the past six months, Donaldson’s shares have underperformed the industry average. Issues like persistent weakness in key markets, including agriculture, oil and gas, mining equipment, decline in the disk drive business and volatility in sales of Gas Turbines, are anticipated to act as major headwinds going forward. Poor performance from Aerospace and Defense is making matters worse. The company also anticipates disk drive business to follow the market's secular decline. This apart, currency risks, intensifying competition and commodity price fluctuations add to the company’s concerns. However, Donaldson’s Engine Products segment has been showing great momentum, benefiting from stabilization in market conditions and robust sales of replacement parts. Donaldson’s strategy of winning first-fit programs, aftermarket growth and fostering innovative technology are likely to act as growth catalysts, going forward.”
  • 10/3/2017 – Donaldson had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $54.00 price target on the stock.
  • 9/8/2017 – Donaldson had its “hold” rating reaffirmed by analysts at Robert W. Baird. They now have a $47.00 price target on the stock.
  • 9/8/2017 – Donaldson had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $45.00 price target on the stock, down previously from $48.00.
  • 9/7/2017 – Donaldson had its “hold” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..

Shares of Donaldson Company, Inc. (DCI) opened at 47.21 on Wednesday. The firm has a 50-day moving average of $46.26 and a 200-day moving average of $46.35. The company has a market capitalization of $6.13 billion, a P/E ratio of 27.13 and a beta of 1.22. Donaldson Company, Inc. has a one year low of $35.85 and a one year high of $48.91.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The company had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Donaldson’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities research analysts expect that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

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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