Donaldson Co. (DCI) Shares Up 2.1%
Donaldson Co. (NYSE:DCI) shot up 2.1% on Thursday . The company traded as high as $34.40 and last traded at $34.26, with a volume of 860,815 shares trading hands. The stock had previously closed at $33.57.
A number of brokerages recently weighed in on DCI. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $37.00 price objective on the stock in a research note on Tuesday, May 3rd. TheStreet upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Monday, March 28th. CL King began coverage on shares of Donaldson in a research note on Wednesday, June 8th. They set a “buy” rating and a $41.00 price objective on the stock. Avondale Partners lifted their price objective on shares of Donaldson from $30.00 to $36.00 and gave the company a “market perform” rating in a research note on Monday, March 21st. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Donaldson in a research note on Thursday, May 26th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $33.60.
The company has a 50 day moving average of $34.56 and a 200 day moving average of $31.33. The firm has a market cap of $4.55 billion and a PE ratio of 24.75.
Donaldson (NYSE:DCI) last issued its earnings results on Thursday, June 2nd. The company reported $0.43 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. During the same quarter in the previous year, the company posted $0.36 earnings per share. The firm earned $571.30 million during the quarter, compared to analyst estimates of $550.79 million. The business’s revenue for the quarter was down .7% compared to the same quarter last year. On average, equities analysts anticipate that Donaldson Co. will post $1.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 29th. Shareholders of record on Friday, June 10th were paid a dividend of $0.175 per share. This is a positive change from Donaldson’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Wednesday, June 8th. This represents a $0.70 annualized dividend and a yield of 2.05%.
In other Donaldson news, Director Willard D. Oberton sold 7,400 shares of the stock in a transaction on Monday, June 6th. The stock was sold at an average price of $36.55, for a total transaction of $270,470.00. Following the completion of the transaction, the director now directly owns 20,501 shares in the company, valued at $749,311.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Hoffman sold 14,400 shares of the stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $36.52, for a total value of $525,888.00. Following the transaction, the director now owns 40,647 shares of the company’s stock, valued at $1,484,428.44. The disclosure for this sale can be found here.
Other hedge funds and institutional investors recently added to or reduced their stakes in the company. Russell Frank Co raised its position in Donaldson by 4.1% in the fourth quarter. Russell Frank Co now owns 34,927 shares of the company’s stock valued at $1,009,000 after buying an additional 1,362 shares in the last quarter. Holland Capital Management LLC acquired a new stake in shares of Donaldson during the fourth quarter worth $1,186,000. Stephens Inc. AR acquired a new stake in shares of Donaldson during the fourth quarter worth $1,252,000. SECOR Capital Advisors LP acquired a new stake in shares of Donaldson during the fourth quarter worth $1,291,000. Finally, Bank of Montreal Can raised its stake in shares of Donaldson by 5.6% in the fourth quarter. Bank of Montreal Can now owns 80,333 shares of the company’s stock worth $2,303,000 after buying an additional 4,269 shares during the period.
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.
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