Jefferies Group Weighs in on Donaldson Co.’s Q1 2017 Earnings (DCI)
Donaldson Co. (NYSE:DCI) – Equities researchers at Jefferies Group dropped their Q1 2017 EPS estimates for shares of Donaldson in a note issued to investors on Tuesday. Jefferies Group analyst L. Alexander now expects that the firm will post earnings per share of $0.37 for the quarter, down from their prior forecast of $0.38. Jefferies Group also issued estimates for Donaldson’s Q2 2017 earnings at $0.34 EPS, Q3 2017 earnings at $0.43 EPS, Q4 2017 earnings at $0.46 EPS and FY2017 earnings at $1.60 EPS.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 8th. The company reported $0.46 earnings per share for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The company had revenue of $593 million for the quarter, compared to the consensus estimate of $594.80 million. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.45 EPS.
A number of other equities analysts have also commented on DCI. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Monday, June 6th. Robert W. Baird increased their price target on shares of Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, September 9th. CL King assumed coverage on shares of Donaldson in a report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price target on the stock. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Donaldson in a report on Thursday, May 26th. Finally, TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $34.50.
Shares of Donaldson (NYSE:DCI) opened at 37.39 on Wednesday. Donaldson has a 1-year low of $25.21 and a 1-year high of $38.65. The firm’s 50 day moving average is $37.05 and its 200-day moving average is $34.42. The company has a market cap of $5.01 billion, a PE ratio of 26.33 and a beta of 1.04.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, August 11th. Donaldson’s dividend payout ratio is currently 49.30%.
In related news, Director John Wiehoff sold 14,400 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the transaction, the director now owns 56,877 shares of the company’s stock, valued at approximately $2,065,772.64. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.
A number of large investors have recently made changes to their positions in DCI. Cambridge Investment Research Advisors Inc. raised its stake in shares of Donaldson by 4.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,872 shares of the company’s stock worth $305,000 after buying an additional 418 shares during the period. Wesbanco Bank Inc. purchased a new stake in shares of Donaldson during the second quarter worth about $248,000. BlackRock Group LTD raised its stake in shares of Donaldson by 18.5% in the first quarter. BlackRock Group LTD now owns 85,875 shares of the company’s stock worth $2,740,000 after buying an additional 13,404 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Donaldson by 3,567.8% in the second quarter. BNP Paribas Arbitrage SA now owns 48,782 shares of the company’s stock worth $1,676,000 after buying an additional 47,452 shares during the period. Finally, Commonwealth Equity Services Inc raised its stake in shares of Donaldson by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 37,363 shares of the company’s stock worth $1,284,000 after buying an additional 317 shares during the period. 81.46% of the stock is currently owned by institutional investors and hedge funds.
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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