Donaldson (NYSE:DCI) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday. The brokerage presently has a $53.00 target price on the industrial products company’s stock. Zacks Investment Research‘s price objective indicates a potential upside of 13.69% from the company’s current price.
According to Zacks, “Donaldson has an impressive earnings surprise history, having beaten estimates thrice in the trailing four quarters. Its Engine Products segment has been showing great momentum, benefiting from stabilization in market conditions and robust sales of replacement parts. The company’s strategy of winning first-fit programs, aftermarket growth, constant geographic expansion and fostering innovative technology are likely to act as growth catalysts going forward. Donaldson is committed to achieve sustained improvement in operational efficiency through strategic restructuring actions and improved customer relations. Over the past three months, the company shares have outperformed the industry average. However, Donaldson’s sales continue to be hurt by prolonged weakness in the gas turbine market. Soft demand for industrial filtration solutions could also hamper growth.”
DCI has been the subject of a number of other research reports. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research note on Friday, December 1st. Stifel Nicolaus reissued a “hold” rating and set a $53.00 price objective (up previously from $50.00) on shares of Donaldson in a research note on Tuesday, January 16th. SunTrust Banks reissued a “hold” rating and set a $50.00 price objective on shares of Donaldson in a research note on Friday, December 1st. Finally, Jefferies Group reissued a “buy” rating and set a $57.00 price objective on shares of Donaldson in a research note on Friday, December 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Donaldson presently has a consensus rating of “Hold” and a consensus price target of $52.00.
Donaldson (NYSE DCI) traded down $0.10 during trading hours on Tuesday, hitting $46.62. The stock had a trading volume of 115,059 shares, compared to its average volume of 459,343. The stock has a market capitalization of $6,010.00, a price-to-earnings ratio of 26.34, a PEG ratio of 2.09 and a beta of 1.10. Donaldson has a 52-week low of $41.71 and a 52-week high of $52.20. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.13 and a current ratio of 2.90.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.04. The firm had revenue of $644.80 million during the quarter, compared to analyst estimates of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.05) earnings per share. equities research analysts forecast that Donaldson will post 2 EPS for the current fiscal year.
In related 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 completion of the sale, the insider now owns 4,174 shares of the company’s stock, valued at $201,437.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.09% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Fuller & Thaler Asset Management Inc. lifted its stake in Donaldson by 51.5% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 1,100 shares during the period. Atlanta Capital Management Co. L L C lifted its stake in Donaldson by 13.1% in the fourth quarter. Atlanta Capital Management Co. L L C now owns 3,407,450 shares of the industrial products company’s stock worth $166,794,000 after acquiring an additional 393,830 shares during the period. State of Tennessee Treasury Department lifted its stake in Donaldson by 153.0% in the fourth quarter. State of Tennessee Treasury Department now owns 162,943 shares of the industrial products company’s stock worth $7,976,000 after acquiring an additional 98,543 shares during the period. Birch Hill Investment Advisors LLC lifted its stake in Donaldson by 0.4% in the fourth quarter. Birch Hill Investment Advisors LLC now owns 781,265 shares of the industrial products company’s stock worth $38,243,000 after acquiring an additional 2,725 shares during the period. Finally, Baird Financial Group Inc. purchased a new stake in Donaldson in the fourth quarter worth $219,000. 77.23% of the stock is owned by institutional investors.
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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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