Donaldson Co. (DCI) Scheduled to Post Earnings on Thursday
Donaldson Co. (NYSE:DCI) is set to release its Q117 earnings data on Thursday, December 1st. Donaldson has set its FY17 guidance at $1.50-1.66 EPS.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.49 by $0.03. The firm had revenue of $593 million for the quarter, compared to analyst estimates of $594.80 million. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, analysts expect Donaldson to post $1.58 EPS for the current fiscal year and $1.72 EPS for the next fiscal year.
Donaldson Co. (NYSE:DCI) opened at 39.99 on Tuesday. The firm has a market cap of $5.31 billion, a P/E ratio of 28.16 and a beta of 0.93. Donaldson Co. has a 1-year low of $25.21 and a 1-year high of $40.96. The stock’s 50 day moving average price is $37.82 and its 200 day moving average price is $36.29.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Tuesday, December 6th will be given a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Friday, December 2nd. Donaldson’s dividend payout ratio is currently 49.30%.
Several equities research analysts recently issued reports on DCI shares. Zacks Investment Research lowered Donaldson from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Robert W. Baird upped their price target on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $38.25.
In related news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction on Wednesday, September 14th. The stock was sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the transaction, the director now directly owns 56,877 shares in the company, valued at approximately $2,065,772.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DCI. American Century Companies Inc. increased its position in shares of Donaldson by 9.9% in the second quarter. American Century Companies Inc. now owns 792,570 shares of the company’s stock worth $27,233,000 after buying an additional 71,300 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Donaldson by 17.1% in the second quarter. JPMorgan Chase & Co. now owns 7,244 shares of the company’s stock valued at $249,000 after buying an additional 1,056 shares during the last quarter. BlackRock Investment Management LLC boosted its position in Donaldson by 2.1% in the second quarter. BlackRock Investment Management LLC now owns 354,565 shares of the company’s stock valued at $12,183,000 after buying an additional 7,401 shares during the last quarter. BlackRock Inc. boosted its position in Donaldson by 10.0% in the second quarter. BlackRock Inc. now owns 181,610 shares of the company’s stock valued at $6,240,000 after buying an additional 16,567 shares during the last quarter. Finally, BlackRock Fund Advisors boosted its position in Donaldson by 3.6% in the second quarter. BlackRock Fund Advisors now owns 4,331,551 shares of the company’s stock valued at $148,832,000 after buying an additional 152,020 shares during the last quarter. Hedge funds and other institutional investors own 80.65% of the company’s stock.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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