Donaldson Company, Inc. (NYSE:DCI) – Jefferies Group raised their Q4 2018 earnings per share (EPS) estimates for Donaldson in a research note issued on Thursday. Jefferies Group analyst L. Alexander now expects that the industrial products company will earn $0.58 per share for the quarter, up from their previous estimate of $0.55. Jefferies Group currently has a “Buy” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for Donaldson’s Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.63 EPS.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research report on Monday, November 27th. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price (down from $48.00) on shares of Donaldson in a research report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and issued a $47.00 target price on shares of Donaldson in a research report on Friday, September 8th. Finally, Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research report on Thursday, September 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Donaldson has a consensus rating of “Hold” and a consensus price target of $50.60.

Shares of Donaldson (DCI) traded up $0.18 during midday trading on Monday, hitting $48.36. 316,322 shares of the stock were exchanged, compared to its average volume of 476,659. The firm has a market capitalization of $6,300.39, a PE ratio of 27.40, a price-to-earnings-growth ratio of 2.20 and a beta of 1.21. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. Donaldson has a 1-year low of $41.28 and a 1-year high of $50.10.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The company had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $602.02 million. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The firm’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the business posted ($0.05) earnings per share.

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

Several hedge funds and other institutional investors have recently modified their holdings of DCI. Northwestern Mutual Wealth Management Co. increased its position in Donaldson by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 217 shares during the last quarter. Magnetar Financial LLC acquired a new stake in Donaldson during the third quarter worth about $201,000. CIBC Asset Management Inc acquired a new stake in Donaldson during the third quarter worth about $201,000. Mosaic Family Wealth LLC increased its position in Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new stake in Donaldson during the second quarter worth about $207,000. Institutional investors and hedge funds own 77.64% of the company’s stock.

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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.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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