Donaldson’s (DCI) Buy Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC reaffirmed their buy rating on shares of Donaldson Company, Inc. (NYSE:DCI) in a research report released on Tuesday morning. They currently have a $54.00 target price on the industrial products company’s stock.
Other equities research analysts have also issued reports about the company. Stifel Nicolaus reaffirmed a hold rating and set a $45.00 target price (down from $48.00) on shares of Donaldson in a research report on Friday, September 8th. Robert W. Baird reissued a hold rating and issued a $47.00 price target on shares of Donaldson in a report on Friday, September 8th. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Donaldson in a report on Thursday, September 7th. BidaskClub upgraded shares of Donaldson from a hold rating to a buy rating in a research report on Wednesday, August 23rd. Finally, Zacks Investment Research downgraded shares of Donaldson from a buy rating to a hold rating in a report on Wednesday, August 9th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average price target of $49.50.
Donaldson (NYSE:DCI) traded up 0.47% during trading on Tuesday, hitting $46.78. 188,185 shares of the company’s stock traded hands. Donaldson has a 52-week low of $35.85 and a 52-week high of $48.91. The company’s 50 day moving average price is $45.85 and its 200 day moving average price is $46.08. The company has a market cap of $6.08 billion, a PE ratio of 26.89 and a beta of 1.22.
Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The business had revenue of $660.10 million for the quarter, compared to the consensus estimate of $634.41 million. During the same quarter last year, the business posted $0.46 earnings per share. The business’s revenue was up 11.2% compared to the same quarter last year. Analysts expect that Donaldson will post ($0.38) earnings per share for the current year.
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Several hedge funds and other institutional investors have recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of Donaldson by 5,553.3% during the 1st quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock worth $472,970,000 after acquiring an additional 10,206,564 shares during the period. Vanguard Group Inc. increased its holdings in Donaldson by 8.3% in the 1st quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock worth $553,197,000 after acquiring an additional 930,432 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Donaldson by 163.8% in the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock worth $67,381,000 after acquiring an additional 918,729 shares during the last quarter. Arrowstreet Capital Limited Partnership increased its holdings in Donaldson by 1,689.5% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 889,372 shares of the industrial products company’s stock worth $40,502,000 after acquiring an additional 839,672 shares during the last quarter. Finally, Koch Industries Inc. purchased a new stake in Donaldson in the 2nd quarter worth about $618,000. 78.24% of the stock is currently owned by hedge funds and other institutional investors.
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.
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