Donaldson Company, Inc. (NYSE:DCI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Donaldson Company, Inc. (NYSE:DCI) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $101.00.

DCI has been the topic of several analyst reports. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Robert W. Baird increased their price objective on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Wells Fargo & Company set a $91.00 target price on Donaldson in a research note on Thursday, June 4th. Stifel Nicolaus set a $95.00 target price on Donaldson in a report on Friday, August 28th. Finally, Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th.

Donaldson Price Performance

Shares of NYSE:DCI opened at $86.91 on Wednesday. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. The stock has a market cap of $10.07 billion, a PE ratio of 22.58, a price-to-earnings-growth ratio of 2.03 and a beta of 0.92. The stock’s fifty day simple moving average is $92.34 and its two-hundred day simple moving average is $88.63. Donaldson has a 1-year low of $79.42 and a 1-year high of $112.84.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, analysts forecast that Donaldson will post 4.34 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Donaldson’s dividend payout ratio is 33.25%.

Institutional Investors Weigh In On Donaldson

Hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new position in shares of Donaldson in the 2nd quarter worth about $1,282,000. Squarepoint Ops LLC increased its holdings in Donaldson by 16.4% during the second quarter. Squarepoint Ops LLC now owns 27,249 shares of the industrial products company’s stock worth $2,446,000 after buying an additional 3,831 shares during the last quarter. Arizona State Retirement System increased its holdings in Donaldson by 0.9% during the second quarter. Arizona State Retirement System now owns 31,957 shares of the industrial products company’s stock worth $2,869,000 after buying an additional 273 shares during the last quarter. Nykredit A S bought a new stake in Donaldson in the second quarter worth about $305,000. Finally, Parkside Financial Bank & Trust raised its position in Donaldson by 11.1% in the second quarter. Parkside Financial Bank & Trust now owns 2,354 shares of the industrial products company’s stock worth $211,000 after acquiring an additional 236 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts. Founded in 1915, the company develops products that help protect engines, equipment, manufacturing processes and people from airborne and liquid contaminants.

Donaldson’s products include air and liquid filters, dust and fume collectors, hydraulic and process filtration systems, exhaust and emissions solutions, and replacement filtration parts. Its technologies are used in applications such as heavy-duty and off-road equipment, agriculture, construction, mining, transportation, power generation, manufacturing, and other industrial operations.

The company serves original equipment manufacturers, distributors and end users through operations and sales channels spanning North America, Europe, Asia-Pacific and other international markets.