Donaldson (NYSE:DCI) Stock Rating Upgraded by Wall Street Zen

Donaldson (NYSE:DCI) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Sunday.

Several other equities analysts have also recently commented on the stock. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a research note on Thursday, June 4th. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus cut their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Trading Down 2.0%

NYSE:DCI opened at $96.68 on Friday. Donaldson has a 1 year low of $71.79 and a 1 year high of $112.84. The stock’s fifty day moving average price is $89.55 and its two-hundred day moving average price is $91.14. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. The company has a market cap of $11.21 billion, a P/E ratio of 25.99, a P/E/G ratio of 2.26 and a beta of 0.92.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. The company had revenue of $995.10 million during the quarter, compared to analysts’ expectations of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.99 earnings per share. As a group, analysts expect that Donaldson will post 3.96 EPS for the current year.

Institutional Investors Weigh In On Donaldson

Hedge funds have recently bought and sold shares of the stock. Trust Co. of Vermont bought a new position in shares of Donaldson in the 2nd quarter worth $31,000. Leonteq Securities AG bought a new stake in shares of Donaldson during the 4th quarter worth $40,000. Eagle Bay Advisors LLC purchased a new position in Donaldson in the fourth quarter worth $45,000. Clearstead Advisors LLC grew its position in Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 288 shares in the last quarter. Finally, Strive Financial Group LLC bought a new position in Donaldson in the fourth quarter valued at $57,000. 82.81% of the stock is currently owned by institutional investors.

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.