Shares of Donaldson Company, Inc. (NYSE:DCI) have been assigned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $52.00.
Several brokerages recently issued reports on DCI. Oppenheimer restated a “hold” rating on shares of Donaldson in a research note on Monday, December 18th. Robert W. Baird restated a “hold” rating and set a $47.00 price objective on shares of Donaldson in a research note on Friday, September 8th. Jefferies Group restated a “buy” rating and set a $54.00 price objective on shares of Donaldson in a research note on Tuesday, October 3rd. Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, October 30th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Donaldson in a research note on Thursday, October 19th.
Donaldson (NYSE DCI) traded down $0.39 during mid-day trading on Friday, hitting $48.72. 166,573 shares of the stock were exchanged, compared to its average volume of 476,374. Donaldson has a twelve month low of $41.28 and a twelve month high of $50.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. The firm has a market capitalization of $6,280.00, a P/E ratio of 27.53, a P/E/G ratio of 2.23 and a beta of 1.21.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The business had revenue of $644.80 million during the quarter, compared to the consensus estimate of $602.02 million. During the same quarter last year, the company earned ($0.05) earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. research analysts forecast that Donaldson will post 1.99 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date was Tuesday, December 5th. Donaldson’s payout ratio is 40.68%.
In other Donaldson news, insider Melissa A. Osland sold 1,453 shares of the firm’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $48.26, for a total value of $70,121.78. Following the sale, the insider now directly owns 4,174 shares in the company, valued at $201,437.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.09% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DCI. Janus Henderson Group PLC raised its stake in shares of Donaldson by 163.8% during the second quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock valued at $67,381,000 after purchasing an additional 918,729 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in Donaldson by 1,689.5% during the second quarter. Arrowstreet Capital Limited Partnership now owns 889,372 shares of the industrial products company’s stock worth $40,502,000 after acquiring an additional 839,672 shares during the period. Koch Industries Inc. acquired a new position in Donaldson during the second quarter worth about $618,000. Principal Financial Group Inc. grew its holdings in Donaldson by 55.7% during the second quarter. Principal Financial Group Inc. now owns 1,252,691 shares of the industrial products company’s stock worth $57,048,000 after acquiring an additional 448,320 shares during the period. Finally, AHL Partners LLP grew its holdings in Donaldson by 389.2% during the second quarter. AHL Partners LLP now owns 426,836 shares of the industrial products company’s stock worth $10,540,000 after acquiring an additional 339,586 shares during the period. Institutional investors own 77.63% of the company’s stock.
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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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