Donaldson (NYSE:DCI) Stock Rating Lowered by Wall Street Zen

Donaldson (NYSE:DCI) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday.

Other equities analysts have also recently issued reports about the company. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 price objective on Donaldson in a report on Thursday, June 4th. Finally, Stifel Nicolaus reduced their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Trading Up 0.2%

Shares of NYSE:DCI opened at $94.39 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. Donaldson has a 1 year low of $70.17 and a 1 year high of $112.84. The company has a market cap of $10.94 billion, a P/E ratio of 25.37, a PEG ratio of 2.38 and a beta of 0.92. The stock’s fifty day moving average price is $87.82 and its 200-day moving average price is $91.24.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm had revenue of $995.10 million during the quarter, compared to analysts’ expectations of $973.65 million. During the same period in the previous year, the company earned $0.99 earnings per share. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. Sell-side analysts expect that Donaldson will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On Donaldson

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Focus Financial Network Inc. grew its holdings in Donaldson by 1.9% during the second quarter. Focus Financial Network Inc. now owns 30,516 shares of the industrial products company’s stock valued at $2,739,000 after purchasing an additional 576 shares during the period. Dudley & Shanley Inc. raised its stake in shares of Donaldson by 0.7% in the second quarter. Dudley & Shanley Inc. now owns 272,330 shares of the industrial products company’s stock worth $24,447,000 after buying an additional 1,925 shares during the period. Armstrong Henry H Associates Inc. raised its stake in shares of Donaldson by 467.1% in the second quarter. Armstrong Henry H Associates Inc. now owns 15,880 shares of the industrial products company’s stock worth $1,426,000 after buying an additional 13,080 shares during the period. GAMMA Investing LLC lifted its position in shares of Donaldson by 36.0% during the 2nd quarter. GAMMA Investing LLC now owns 3,923 shares of the industrial products company’s stock valued at $352,000 after buying an additional 1,039 shares in the last quarter. Finally, Versant Capital Management Inc grew its stake in shares of Donaldson by 8.3% during the 2nd quarter. Versant Capital Management Inc now owns 5,492 shares of the industrial products company’s stock valued at $493,000 after acquiring an additional 420 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.