Donaldson Company, Inc. (NYSE:DCI) – Equities researchers at Jefferies Group upped their Q4 2018 EPS estimates for shares of Donaldson in a note issued to investors on Thursday. Jefferies Group analyst L. Alexander now expects that the industrial products company will post earnings per share of $0.58 for the quarter, up from their prior forecast of $0.55. Jefferies Group currently has a “Buy” rating and a $57.00 target price on the stock. Jefferies Group also issued estimates for Donaldson’s Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.63 EPS.
Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $45.00 target price (down from $48.00) on shares of Donaldson in a research report on Friday, September 8th. BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. SunTrust Banks reaffirmed a “hold” rating and issued a $50.00 target price on shares of Donaldson in a research report on Friday. Finally, Robert W. Baird reissued a “hold” rating and set a $47.00 price target on shares of Donaldson in a research report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.60.
Donaldson (NYSE:DCI) traded down $1.49 during trading hours on Monday, hitting $48.41. 692,800 shares of the stock traded hands, compared to its average volume of 477,520. Donaldson has a 12-month low of $41.28 and a 12-month high of $50.10. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.13 and a current ratio of 2.90. The stock has a market cap of $6,288.70, a PE ratio of 27.35, a price-to-earnings-growth ratio of 2.30 and a beta of 1.21.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, November 30th. The industrial products company reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The firm had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $602.02 million. During the same period last year, the company posted ($0.05) EPS. The company’s quarterly revenue was up 16.6% compared to the same quarter last year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, December 6th will be given a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. Donaldson’s dividend payout ratio (DPR) is currently 40.68%.
A number of hedge funds and other institutional investors have recently modified their holdings of DCI. Northwestern Mutual Wealth Management Co. lifted its position in Donaldson by 5.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 217 shares during the period. CIBC Asset Management Inc purchased a new position in Donaldson during the 3rd quarter valued at about $201,000. Magnetar Financial LLC purchased a new position in Donaldson during the 3rd quarter valued at about $201,000. Mosaic Family Wealth LLC lifted its position in Donaldson by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 213 shares during the period. Finally, Quantbot Technologies LP purchased a new position in Donaldson in the second quarter worth about $207,000. 77.64% of the stock is owned by institutional investors.
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Donaldson Company Profile
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.
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