Donaldson’s (NYSE:DCI) Hold Rating Reiterated at Stifel Nicolaus

Stifel Nicolaus reissued their hold rating on shares of Donaldson Company, Inc. (NYSE:DCI) in a research report sent to investors on Thursday, October 19th.

A number of other brokerages have also commented on DCI. Zacks Investment Research lowered Donaldson from a buy rating to a hold rating in a report on Wednesday, August 9th. BidaskClub lowered Donaldson from a buy rating to a hold rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Donaldson in a report on Thursday, September 7th. Jefferies Group LLC reissued a buy rating and set a $54.00 target price on shares of Donaldson in a report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a hold rating and set a $47.00 target price on shares of Donaldson in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $48.00.

Donaldson (NYSE:DCI) traded down 0.10% during midday trading on Thursday, reaching $48.12. 441,510 shares of the company’s stock traded hands. Donaldson has a 52 week low of $35.85 and a 52 week high of $48.91. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 27.66 and a beta of 1.22. The company’s 50-day moving average price is $45.87 and its 200 day moving average price is $46.28.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same period in the prior year, the company earned $0.46 earnings per share. The business’s quarterly revenue was up 11.2% compared to the same quarter last year. On average, equities research analysts expect that Donaldson will post ($0.38) earnings per share for the current year.

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Hedge funds have recently made changes to their positions in the stock. JPMorgan Chase & Co. raised its position in Donaldson by 96.0% in the first quarter. JPMorgan Chase & Co. now owns 9,985 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 4,891 shares during the last quarter. KBC Group NV raised its position in Donaldson by 259.9% in the first quarter. KBC Group NV now owns 9,001 shares of the industrial products company’s stock valued at $410,000 after purchasing an additional 6,500 shares during the last quarter. OppenheimerFunds Inc. raised its position in Donaldson by 15.2% in the first quarter. OppenheimerFunds Inc. now owns 12,353 shares of the industrial products company’s stock valued at $562,000 after purchasing an additional 1,633 shares during the last quarter. Teachers Advisors LLC raised its position in Donaldson by 9.2% in the first quarter. Teachers Advisors LLC now owns 125,839 shares of the industrial products company’s stock valued at $5,728,000 after purchasing an additional 10,650 shares during the last quarter. Finally, Legal & General Group Plc raised its position in Donaldson by 58.0% in the first quarter. Legal & General Group Plc now owns 117,955 shares of the industrial products company’s stock valued at $5,369,000 after purchasing an additional 43,278 shares during the last quarter. Institutional investors and hedge funds own 78.31% of the company’s stock.

About Donaldson

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Analyst Recommendations for Donaldson (NYSE:DCI)

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