Donaldson (NYSE:DCI) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Donaldson Company, Inc. (NYSE:DCI) shares crossed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $87.29 and traded as high as $88.27. Donaldson shares last traded at $88.0620, with a volume of 548,391 shares traded.

Wall Street Analyst Weigh In

Several brokerages have weighed in on DCI. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a report on Friday, August 28th. Robert W. Baird upped their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Morgan Stanley increased their price objective on shares of Donaldson from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 29th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $101.67.

Donaldson Trading Up 4.4%

The business’s 50 day moving average price is $87.29 and its two-hundred day moving average price is $90.34. The company has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the firm posted $1.03 earnings per share. The business’s revenue was up 8.0% on a year-over-year basis. Equities analysts forecast that Donaldson Company, Inc. will post 4.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Donaldson

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its holdings in shares of Donaldson by 9.9% during the 3rd quarter. IFP Advisors Inc now owns 1,283 shares of the industrial products company’s stock worth $112,000 after buying an additional 116 shares during the period. HB Wealth Management LLC grew its stake in Donaldson by 3.8% in the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock valued at $297,000 after buying an additional 129 shares during the last quarter. Bessemer Group Inc. raised its holdings in Donaldson by 8.9% in the 1st quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 139 shares during the period. Studio Investment Management LLC raised its holdings in Donaldson by 1.6% in the 2nd quarter. Studio Investment Management LLC now owns 11,413 shares of the industrial products company’s stock valued at $1,025,000 after acquiring an additional 185 shares during the period. Finally, Evergreen Capital Management LLC lifted its position in Donaldson by 6.3% during the third quarter. Evergreen Capital Management LLC now owns 3,711 shares of the industrial products company’s stock worth $323,000 after acquiring an additional 220 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

About Donaldson

Donaldson Company, Inc is a global manufacturer of filtration systems and replacement parts. Founded in 1915, the company serves customers in industries including agriculture, construction, mining, transportation, manufacturing, and life sciences.

Its products include air, liquid, fuel, and lubricating-oil filters for engines and equipment, as well as dust-collection systems and filtration solutions for compressed air and gas. Donaldson also provides filtration technologies for applications such as food and beverage production, bioprocessing, and other life sciences uses.

Headquartered in Bloomington, Minnesota, Donaldson serves customers around the world through its manufacturing, distribution, and service operations.