Donaldson Company, Inc. (NYSE:DCI) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Donaldson Company, Inc. (NYSE:DCI) have been given an average recommendation of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $101.67.

DCI has been the topic of several research reports. Robert W. Baird upped their target price on Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research report on Friday, August 28th. Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Morgan Stanley lifted their target price on shares of Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 29th.

Donaldson Stock Performance

DCI stock opened at $85.56 on Thursday. The firm has a 50 day simple moving average of $87.76 and a 200 day simple moving average of $90.58. Donaldson has a 52 week low of $79.61 and a 52 week high of $112.84. The stock has a market cap of $9.91 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08.

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

Institutional Investors Weigh In On Donaldson

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

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.

Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.