Donaldson Company, Inc. (NYSE:DCI) – Analysts at SunTrust Banks boosted their Q2 2018 EPS estimates for shares of Donaldson in a research report issued to clients and investors on Thursday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings of $0.42 per share for the quarter, up from their previous forecast of $0.39. SunTrust Banks currently has a “Hold” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for Donaldson’s Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.47 EPS and Q3 2019 earnings at $0.58 EPS.

Several other analysts have also issued reports on DCI. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research report on Friday, December 1st. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Jefferies Group restated a “buy” rating and set a $57.00 price target on shares of Donaldson in a research report on Friday, December 1st. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus set a $48.00 price target on shares of Donaldson and gave the stock a “hold” rating in a research report on Friday, August 18th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $50.60.

Shares of Donaldson (NYSE DCI) traded down $0.32 during midday trading on Monday, hitting $48.18. 429,500 shares of the stock traded hands, compared to its average volume of 477,344. Donaldson has a 1-year low of $41.28 and a 1-year high of $50.10. The firm has a market capitalization of $6,300.39, a price-to-earnings ratio of 27.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company has a current ratio of 2.90, a quick ratio of 2.13 and a debt-to-equity ratio of 0.72.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The company had revenue of $644.80 million for the quarter, compared to analyst estimates of $602.02 million. During the same quarter last year, the business earned ($0.05) earnings per share. The firm’s revenue was up 16.6% on a year-over-year basis.

Institutional investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Donaldson by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 217 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Donaldson in the third quarter valued at approximately $201,000. CIBC Asset Management Inc acquired a new position in shares of Donaldson in the third quarter valued at approximately $201,000. Mosaic Family Wealth LLC grew its holdings in shares of Donaldson by 5.1% in the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 213 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of Donaldson in the second quarter valued at approximately $207,000. 77.64% of the stock is currently owned by institutional investors and hedge funds.

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, December 5th. Donaldson’s dividend payout ratio (DPR) is presently 40.68%.

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About Donaldson

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.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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