Donaldson Company, Inc. (NYSE:DCI) – Research analysts at William Blair increased their Q2 2020 earnings per share (EPS) estimates for Donaldson in a note issued to investors on Wednesday, December 4th. William Blair analyst B. Drab now anticipates that the industrial products company will post earnings of $0.49 per share for the quarter, up from their previous forecast of $0.45. William Blair also issued estimates for Donaldson’s Q3 2020 earnings at $0.63 EPS and FY2021 earnings at $2.49 EPS.
Several other analysts also recently commented on the company. ValuEngine downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday. Stifel Nicolaus set a $50.00 price target on Donaldson and gave the stock a “hold” rating in a research note on Friday, September 6th.
Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, December 3rd. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). Donaldson had a return on equity of 32.29% and a net margin of 9.39%. The company had revenue of $672.70 million for the quarter, compared to the consensus estimate of $699.34 million. During the same period in the prior year, the company earned $0.56 earnings per share. The firm’s revenue was down 4.1% compared to the same quarter last year.
Institutional investors and hedge funds have recently modified their holdings of the stock. World Asset Management Inc lifted its stake in shares of Donaldson by 2.7% in the third quarter. World Asset Management Inc now owns 8,786 shares of the industrial products company’s stock valued at $458,000 after buying an additional 235 shares in the last quarter. Eads & Heald Wealth Management lifted its position in Donaldson by 1.9% in the 3rd quarter. Eads & Heald Wealth Management now owns 12,877 shares of the industrial products company’s stock valued at $671,000 after acquiring an additional 244 shares in the last quarter. Advisory Services Network LLC boosted its stake in Donaldson by 1.5% during the 2nd quarter. Advisory Services Network LLC now owns 21,517 shares of the industrial products company’s stock valued at $1,095,000 after purchasing an additional 310 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Donaldson by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,650 shares of the industrial products company’s stock valued at $1,203,000 after purchasing an additional 340 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its holdings in Donaldson by 9.8% during the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 4,346 shares of the industrial products company’s stock worth $226,000 after purchasing an additional 388 shares in the last quarter. Institutional investors own 80.31% of the company’s stock.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Tuesday, December 10th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date is Monday, December 9th. Donaldson’s payout ratio is 38.01%.
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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