Wall Street Zen Downgrades Donaldson (NYSE:DCI) to Hold

Donaldson (NYSE:DCI) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities research analysts also recently weighed in on DCI. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Stifel Nicolaus set a $95.00 price objective on shares of Donaldson in a research report on Friday, August 28th. Finally, Robert W. Baird lifted their target price on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, August 27th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, Donaldson presently has an average rating of “Moderate Buy” and a consensus target price of $101.00.

Donaldson Trading Down 0.1%

NYSE:DCI opened at $86.39 on Friday. The stock has a market capitalization of $10.01 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.99 and a beta of 0.92. Donaldson has a 52 week low of $79.42 and a 52 week high of $112.84. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The firm has a 50 day moving average of $92.21 and a 200 day moving average of $88.48.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same period in the previous year, the company earned $1.03 earnings per share. The business’s revenue for the quarter was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, sell-side analysts anticipate that Donaldson will post 4.34 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Donaldson

Large investors have recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Donaldson during the 2nd quarter worth approximately $29,000. Trust Co. of Vermont purchased a new stake in shares of Donaldson in the 2nd quarter valued at $31,000. Leonteq Securities AG acquired a new stake in shares of Donaldson in the fourth quarter worth $40,000. Clearstead Advisors LLC raised its holdings in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the last quarter. Finally, Sachetta LLC purchased a new position in shares of Donaldson during the first quarter worth $65,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts. Founded in 1915, the company develops products that help protect engines, equipment, manufacturing processes and people from airborne and liquid contaminants.

Donaldson’s products include air and liquid filters, dust and fume collectors, hydraulic and process filtration systems, exhaust and emissions solutions, and replacement filtration parts. Its technologies are used in applications such as heavy-duty and off-road equipment, agriculture, construction, mining, transportation, power generation, manufacturing, and other industrial operations.

The company serves original equipment manufacturers, distributors and end users through operations and sales channels spanning North America, Europe, Asia-Pacific and other international markets.