Donaldson Company, Inc. (NYSE:DCI) Director Douglas A. Milroy purchased 550 shares of the stock in a transaction dated Tuesday, March 13th. The stock was bought at an average cost of $45.30 per share, with a total value of $24,915.00. Following the transaction, the director now owns 3,598 shares in the company, valued at $162,989.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.
NYSE DCI opened at $43.93 on Friday. Donaldson Company, Inc. has a 52 week low of $42.59 and a 52 week high of $52.20. The stock has a market cap of $5,819.86, a PE ratio of 25.99, a price-to-earnings-growth ratio of 2.03 and a beta of 1.14. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 0.81.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, March 6th. The industrial products company reported $0.43 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Donaldson had a net margin of 5.29% and a return on equity of 29.25%. The business had revenue of $664.70 million for the quarter, compared to analysts’ expectations of $630.53 million. During the same period in the previous year, the company earned $0.35 EPS. Donaldson’s revenue for the quarter was up 20.7% compared to the same quarter last year. sell-side analysts forecast that Donaldson Company, Inc. will post 1.98 EPS for the current fiscal year.
DCI has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research report on Monday, December 18th. Stifel Nicolaus reissued a “hold” rating and issued a $53.00 target price (up previously from $50.00) on shares of Donaldson in a research report on Tuesday, January 16th. TheStreet lowered Donaldson from an “a-” rating to a “c+” rating in a research report on Tuesday, March 6th. Finally, Gabelli raised Donaldson from a “neutral” rating to a “buy” rating in a research report on Wednesday, March 7th. They noted that the move was a valuation call. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $51.00.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCI. Nationwide Fund Advisors increased its position in shares of Donaldson by 1.8% during the 3rd quarter. Nationwide Fund Advisors now owns 460,783 shares of the industrial products company’s stock valued at $21,168,000 after purchasing an additional 8,248 shares during the last quarter. Pictet Asset Management Ltd. bought a new position in shares of Donaldson during the 3rd quarter valued at approximately $2,102,000. Crossmark Global Holdings Inc. bought a new position in shares of Donaldson during the 3rd quarter valued at approximately $647,000. Victory Capital Management Inc. grew its stake in shares of Donaldson by 15.8% during the 3rd quarter. Victory Capital Management Inc. now owns 42,580 shares of the industrial products company’s stock valued at $1,956,000 after acquiring an additional 5,813 shares during the period. Finally, State of Tennessee Treasury Department bought a new position in shares of Donaldson during the 3rd quarter valued at approximately $2,959,000. 79.15% of the stock is owned by hedge funds and other 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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