Donaldson Company, Inc. (NYSE:DCI) Expected to Post Quarterly Sales of $743.10 Million

Equities analysts predict that Donaldson Company, Inc. (NYSE:DCI) will post sales of $743.10 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Donaldson’s earnings. The highest sales estimate is $752.20 million and the lowest is $733.11 million. Donaldson posted sales of $636.60 million in the same quarter last year, which suggests a positive year-over-year growth rate of 16.7%. The firm is scheduled to announce its next earnings results on Thursday, December 2nd.

According to Zacks, analysts expect that Donaldson will report full year sales of $3.09 billion for the current year, with estimates ranging from $3.08 billion to $3.12 billion. For the next year, analysts anticipate that the company will post sales of $3.27 billion, with estimates ranging from $3.25 billion to $3.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Donaldson.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, September 1st. The industrial products company reported $0.66 earnings per share for the quarter, meeting the consensus estimate of $0.66. Donaldson had a return on equity of 26.93% and a net margin of 10.05%. The company had revenue of $773.10 million during the quarter, compared to analysts’ expectations of $769.69 million. During the same period in the prior year, the business earned $0.50 earnings per share. Donaldson’s revenue for the quarter was up 25.2% compared to the same quarter last year.

Several brokerages recently commented on DCI. Robert W. Baird raised their target price on Donaldson from $71.00 to $73.00 and gave the stock an “outperform” rating in a research report on Friday, September 3rd. Morgan Stanley dropped their price objective on Donaldson from $75.00 to $73.00 and set an “overweight” rating for the company in a research note on Wednesday, October 13th. Finally, Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Friday, July 9th.

Institutional investors have recently added to or reduced their stakes in the business. King Luther Capital Management Corp increased its stake in shares of Donaldson by 3.9% in the second quarter. King Luther Capital Management Corp now owns 4,181 shares of the industrial products company’s stock valued at $266,000 after buying an additional 158 shares in the last quarter. Citigroup Inc. increased its stake in shares of Donaldson by 0.5% in the second quarter. Citigroup Inc. now owns 31,441 shares of the industrial products company’s stock valued at $1,997,000 after buying an additional 161 shares in the last quarter. ICW Investment Advisors LLC increased its stake in shares of Donaldson by 1.1% in the second quarter. ICW Investment Advisors LLC now owns 16,510 shares of the industrial products company’s stock valued at $1,049,000 after buying an additional 183 shares in the last quarter. Rockefeller Capital Management L.P. increased its stake in shares of Donaldson by 1.5% in the second quarter. Rockefeller Capital Management L.P. now owns 13,635 shares of the industrial products company’s stock valued at $866,000 after buying an additional 195 shares in the last quarter. Finally, Cullen Frost Bankers Inc. increased its stake in shares of Donaldson by 12.5% in the second quarter. Cullen Frost Bankers Inc. now owns 2,813 shares of the industrial products company’s stock valued at $179,000 after buying an additional 313 shares in the last quarter. Hedge funds and other institutional investors own 79.36% of the company’s stock.

DCI opened at $59.89 on Wednesday. Donaldson has a 1-year low of $46.84 and a 1-year high of $69.35. The company has a current ratio of 2.05, a quick ratio of 1.42 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 26.74, a P/E/G ratio of 2.16 and a beta of 1.33. The business has a 50 day moving average of $62.35 and a 200-day moving average of $62.74.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 31st. Shareholders of record on Monday, August 16th were paid a dividend of $0.22 per share. The ex-dividend date of this dividend was Friday, August 13th. This represents a $0.88 annualized dividend and a yield of 1.47%. Donaldson’s dividend payout ratio is currently 37.93%.

About Donaldson

Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both 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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