SunTrust Banks Comments on Donaldson Company, Inc.’s FY2018 Earnings (DCI)

Donaldson Company, Inc. (NYSE:DCI) – Stock analysts at SunTrust Banks raised their FY2018 earnings per share (EPS) estimates for Donaldson in a research note issued to investors on Tuesday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings of $2.15 per share for the year, up from their prior estimate of $1.99. SunTrust Banks currently has a “Hold” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for Donaldson’s FY2019 earnings at $2.40 EPS.

Other equities analysts have also issued reports about the company. Jefferies Group reissued a “buy” rating and issued a $57.00 price target on shares of Donaldson in a research note on Friday, December 1st. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Monday, November 27th. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, October 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Donaldson has an average rating of “Hold” and an average price target of $50.60.

Shares of Donaldson (DCI) traded down $0.35 on Thursday, reaching $49.47. The company’s stock had a trading volume of 433,900 shares, compared to its average volume of 444,329. Donaldson has a 12-month low of $41.46 and a 12-month high of $50.27. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.13 and a current ratio of 2.90. The firm has a market capitalization of $6,430.00, a price-to-earnings ratio of 27.95, a PEG ratio of 2.25 and a beta of 1.20.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The company had revenue of $644.80 million for the quarter, compared to analyst estimates of $602.02 million. During the same period in the previous year, the firm earned ($0.05) earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis.

Large investors have recently made changes to their positions in the business. Zacks Investment Management bought a new position in shares of Donaldson during the 2nd quarter worth $294,000. Koch Industries Inc. purchased a new stake in Donaldson during the 2nd quarter worth about $618,000. The Manufacturers Life Insurance Company lifted its holdings in Donaldson by 1.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 194,377 shares of the industrial products company’s stock worth $8,852,000 after purchasing an additional 3,354 shares in the last quarter. Mondrian Investment Partners LTD lifted its holdings in Donaldson by 7.5% during the 3rd quarter. Mondrian Investment Partners LTD now owns 39,122 shares of the industrial products company’s stock worth $1,797,000 after purchasing an additional 2,733 shares in the last quarter. Finally, Mountain Pacific Investment Advisers Inc. ID lifted its holdings in Donaldson by 1.0% during the 3rd quarter. Mountain Pacific Investment Advisers Inc. ID now owns 661,487 shares of the industrial products company’s stock worth $30,389,000 after purchasing an additional 6,480 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.

In related news, insider Melissa A. Osland sold 1,453 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $48.26, for a total transaction of $70,121.78. Following the completion of the sale, the insider now owns 4,174 shares in the company, valued at $201,437.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.09% of the company’s stock.

The business also recently declared a quarterly dividend, which was paid on Thursday, December 21st. Investors of record on Wednesday, December 6th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.46%. Donaldson’s dividend payout ratio (DPR) is currently 40.68%.

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About Donaldson

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.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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