Donaldson Company, Inc. (NYSE:DCI) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Donaldson Company, Inc. (NYSE:DCI) have earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $99.50.

Several equities research analysts recently commented on the stock. Stifel Nicolaus cut their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, August 9th. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday. Robert W. Baird boosted their price target on Donaldson from $95.00 to $105.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th.

Hedge Funds Weigh In On Donaldson

Hedge funds have recently made changes to their positions in the business. Verdence Capital Advisors LLC lifted its position in shares of Donaldson by 1.2% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock worth $763,000 after purchasing an additional 101 shares in the last quarter. TIAA Trust National Association grew its position in Donaldson by 2.0% in the fourth quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock valued at $496,000 after purchasing an additional 108 shares in the last quarter. HB Wealth Management LLC grew its position in Donaldson by 3.8% in the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 129 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Donaldson by 2.4% in the 4th quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock valued at $500,000 after buying an additional 132 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in Donaldson by 4.8% during the 1st quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company’s stock worth $248,000 after buying an additional 133 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Performance

Shares of DCI stock opened at $93.19 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. Donaldson has a 52 week low of $73.88 and a 52 week high of $112.84. The company’s 50 day moving average price is $91.30 and its two-hundred day moving average price is $90.77. The company has a market capitalization of $10.80 billion, a P/E ratio of 25.05, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92.

Donaldson (NYSE:DCI) last released 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. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million during the quarter, compared to analysts’ expectations of $973.65 million. During the same quarter in the prior year, the company earned $0.99 earnings per share. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. On average, analysts expect that Donaldson will post 3.96 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a $0.32 dividend. The ex-dividend date is Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 1.4%. Donaldson’s payout ratio is presently 34.41%.

Donaldson Company Profile

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.