Donaldson Company, Inc. (NYSE:DCI) – Equities research analysts at SunTrust Banks dropped their Q4 2018 earnings per share (EPS) estimates for shares of Donaldson in a research note issued on Monday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings per share of $0.56 for the quarter, down from their previous estimate of $0.58. SunTrust Banks also issued estimates for Donaldson’s Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $2.09 EPS.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The firm had revenue of $660.10 million for the quarter, compared to the consensus estimate of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 earnings per share. ILLEGAL ACTIVITY NOTICE: This piece of content was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece of content on another publication, it was illegally stolen and reposted in violation of U.S. & international copyright and trademark law. The correct version of this piece of content can be accessed at https://www.dailypolitical.com/2017/09/14/q4-2018-eps-estimates-for-donaldson-company-inc-cut-by-analyst-dci.html.

DCI has been the subject of a number of other research reports. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Wednesday, May 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Robert W. Baird reiterated a “hold” rating and issued a $47.00 target price on shares of Donaldson in a research note on Friday, September 8th. Jefferies Group LLC upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, May 31st. Finally, Stifel Nicolaus set a $48.00 target price on shares of Donaldson and gave the company a “hold” rating in a research note on Friday, August 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $49.50.

Shares of Donaldson (DCI) traded up 0.644% during trading on Wednesday, reaching $44.555. The company’s stock had a trading volume of 203,916 shares. Donaldson has a 12 month low of $35.80 and a 12 month high of $48.91. The company’s 50-day moving average is $46.58 and its 200-day moving average is $46.00. The company has a market capitalization of $5.84 billion, a P/E ratio of 26.521 and a beta of 1.21.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.63%. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio (DPR) is currently 41.38%.

In related news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total value of $667,152.00. Following the completion of the sale, the director now owns 59,001 shares of the company’s stock, valued at $2,733,516.33. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.88% of the company’s stock.

Several institutional investors have recently modified their holdings of the stock. Alps Advisors Inc. increased its holdings in shares of Donaldson by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock valued at $490,000 after purchasing an additional 28 shares in the last quarter. 1st Global Advisors Inc. increased its holdings in shares of Donaldson by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock valued at $376,000 after purchasing an additional 48 shares in the last quarter. Cadence Capital Management LLC increased its holdings in shares of Donaldson by 0.4% in the second quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock valued at $1,389,000 after purchasing an additional 123 shares in the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Donaldson by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock valued at $1,208,000 after purchasing an additional 137 shares in the last quarter. Finally, Liberty Mutual Group Asset Management Inc. increased its holdings in shares of Donaldson by 0.3% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 59,312 shares of the industrial products company’s stock valued at $2,700,000 after purchasing an additional 190 shares in the last quarter. 77.91% of the stock is owned by institutional investors and hedge funds.

Donaldson Company Profile

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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