Donaldson Company, Inc. (DCI) – What Are Researchers Saying About This Stock?

Donaldson Company, Inc. (NYSE:DCI) has been given an average recommendation of “Moderate Buy” by the five ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $101.67.

Several equities research analysts have recently commented on DCI shares. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Robert W. Baird raised 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. Morgan Stanley boosted their target price on shares of Donaldson from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 29th. Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research note on Friday, August 28th.

Institutional Trading of Donaldson

Institutional investors and hedge funds have recently bought and sold shares of the business. First Nebraska Trust Co acquired a new position in shares of Donaldson during the 2nd quarter worth approximately $7,299,000. Bank of America Corp DE bought a new stake in Donaldson in the 2nd quarter valued at $46,685,000. BlackRock Inc. acquired a new stake in Donaldson during the 2nd quarter valued at $1,072,012,000. Engineers Gate Manager LP acquired a new stake in Donaldson during the 2nd quarter valued at $1,282,000. Finally, Hsbc Holdings PLC acquired a new stake in Donaldson during the 2nd quarter valued at $6,310,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

DCI opened at $87.72 on Friday. The business’s 50-day simple moving average is $90.17 and its 200 day simple moving average is $88.51. Donaldson has a 52-week low of $79.61 and a 52-week high of $112.84. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. The firm has a market capitalization of $10.16 billion, a PE ratio of 22.79, a PEG ratio of 2.01 and a beta of 0.87.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The firm had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The business’s revenue was up 8.0% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. As a group, sell-side analysts expect that Donaldson will post 4.33 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

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

Donaldson Company Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and related products. Founded in 1915 by Frank Donaldson, the company develops solutions that help protect engines, equipment, industrial processes and the environment from airborne and liquid contaminants.

Donaldson serves the engine and industrial markets. Its products include air and liquid filters, exhaust and emissions systems, hydraulic and fuel filtration products, dust and fume collectors, compressed-air and gas filtration systems, and filtration solutions for manufacturing, energy, transportation, agriculture, construction and other applications.