Donaldson (NYSE:DCI) Issues Quarterly Earnings Results, Beats Estimates By $0.01 EPS

Donaldson (NYSE:DCI) announced its quarterly earnings data on Monday. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01, FiscalAI reports. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The firm had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million.

Donaldson Stock Performance

Shares of NYSE DCI opened at $81.76 on Tuesday. The company has a market cap of $9.47 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.06 and a beta of 0.99. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. Donaldson has a 12 month low of $67.71 and a 12 month high of $112.84. The business’s 50 day moving average is $85.78 and its two-hundred day moving average is $91.80.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be given a $0.32 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $1.28 annualized dividend and a yield of 1.6%. This is an increase from Donaldson’s previous quarterly dividend of $0.30. Donaldson’s dividend payout ratio (DPR) is presently 37.50%.

Insider Activity

In other news, Director James Owens sold 13,753 shares of the business’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the sale, the director directly owned 22,565 shares in the company, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold 19,800 shares of company stock worth $1,765,184 in the last quarter. Insiders own 2.20% of the company’s stock.

Institutional Trading of Donaldson

A number of institutional investors and hedge funds have recently modified their holdings of DCI. Strive Financial Group LLC acquired a new stake in Donaldson in the 4th quarter valued at $57,000. UMB Bank n.a. boosted its stake in Donaldson by 47.9% in the 4th quarter. UMB Bank n.a. now owns 1,115 shares of the industrial products company’s stock valued at $99,000 after buying an additional 361 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Donaldson by 389.1% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,389 shares of the industrial products company’s stock valued at $114,000 after buying an additional 1,105 shares in the last quarter. Quarry LP boosted its stake in Donaldson by 23.4% in the 3rd quarter. Quarry LP now owns 1,671 shares of the industrial products company’s stock valued at $137,000 after buying an additional 317 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in Donaldson by 84.9% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock valued at $141,000 after buying an additional 933 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DCI has been the topic of a number of recent research reports. Jefferies Financial Group raised their target price on Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Robert W. Baird lowered their target price on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Wall Street Zen lowered Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Weiss Ratings cut Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. Finally, UBS Group set a $96.00 price objective on Donaldson in a research report on Tuesday, February 24th. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Donaldson currently has a consensus rating of “Hold” and a consensus price target of $100.20.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.