Donaldson (NYSE:DCI) Cut to “Hold” at Wall Street Zen

Wall Street Zen downgraded shares of Donaldson (NYSE:DCI) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

Other equities analysts have also recently issued research reports about the stock. Robert W. Baird upped their target price 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. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Finally, Stifel Nicolaus set a $95.00 price target on Donaldson in a research report on Friday, August 28th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

Donaldson Stock Down 0.2%

Shares of NYSE:DCI opened at $86.27 on Friday. The stock has a fifty day simple moving average of $92.15 and a two-hundred day simple moving average of $88.43. 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 capitalization of $10.00 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.99 and a beta of 0.92. Donaldson has a 12-month low of $79.42 and a 12-month high of $112.84.

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

Donaldson Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.5%. The ex-dividend date was Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is currently 33.25%.

Institutional Trading of Donaldson

Hedge funds have recently modified their holdings of the company. Allworth Financial LP bought a new position in shares of Donaldson in the 2nd quarter valued at about $29,000. Trust Co. of Vermont purchased a new stake in Donaldson in the second quarter worth $31,000. Leonteq Securities AG bought a new stake in Donaldson during the 4th quarter valued at about $40,000. Clearstead Advisors LLC increased its position in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 288 shares during the period. Finally, Sachetta LLC bought a new stake in shares of Donaldson during the first quarter valued at approximately $65,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

About Donaldson

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.