BidaskClub upgraded shares of Donaldson Company, Inc. (NYSE:DCI) from a hold rating to a buy rating in a research report released on Wednesday morning.

A number of other brokerages also recently commented on DCI. Jefferies Group LLC raised shares of Donaldson from a hold rating to a buy rating and set a $54.00 price objective on the stock in a research report on Wednesday, May 31st. Zacks Investment Research downgraded shares of Donaldson from a buy rating to a hold rating in a research report on Thursday, May 11th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Donaldson in a research report on Thursday, June 1st. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Donaldson and gave the company a hold rating in a research report on Friday, August 18th. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $48.25.

Shares of Donaldson (NYSE:DCI) opened at 46.93 on Wednesday. The company has a market capitalization of $6.15 billion, a PE ratio of 27.93 and a beta of 1.22. Donaldson has a 52-week low of $35.59 and a 52-week high of $48.91. The firm’s 50-day moving average price is $46.86 and its 200 day moving average price is $45.68.

Donaldson (NYSE:DCI) last announced its earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The firm had revenue of $608.20 million for the quarter, compared to the consensus estimate of $580.44 million. During the same period in the prior year, the firm earned $0.43 EPS. The firm’s revenue for the quarter was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Donaldson will post ($0.38) earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a $0.18 dividend. The ex-dividend date of this dividend is Friday, August 11th. This is an increase from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.53%. Donaldson’s dividend payout ratio is currently 43.11%.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of the stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total value of $667,152.00. Following the sale, the director now directly owns 59,001 shares of the company’s stock, valued at approximately $2,733,516.33. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new stake in shares of Donaldson during the first quarter worth approximately $294,000. Canada Pension Plan Investment Board purchased a new stake in shares of Donaldson during the first quarter worth approximately $4,024,000. Wells Fargo & Company MN increased its stake in shares of Donaldson by 7.5% in the first quarter. Wells Fargo & Company MN now owns 584,335 shares of the industrial products company’s stock worth $26,598,000 after buying an additional 40,601 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Donaldson by 6.5% in the first quarter. Oregon Public Employees Retirement Fund now owns 46,172 shares of the industrial products company’s stock worth $2,102,000 after buying an additional 2,807 shares in the last quarter. Finally, First Merchants Corp increased its stake in shares of Donaldson by 0.4% in the first quarter. First Merchants Corp now owns 33,321 shares of the industrial products company’s stock worth $1,517,000 after buying an additional 125 shares in the last quarter. 78.17% of the stock is currently owned by institutional investors.

Donaldson Company Profile

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 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Analyst Recommendations for Donaldson (NYSE:DCI)

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