Analysts expect Donaldson Company, Inc. (NYSE:DCI) to post $727.89 million in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Donaldson’s earnings, with estimates ranging from $718.91 million to $756.20 million. Donaldson reported sales of $660.10 million in the same quarter last year, which would suggest a positive year over year growth rate of 10.3%. The company is scheduled to announce its next earnings report on Thursday, September 6th.
On average, analysts expect that Donaldson will report full-year sales of $2.74 billion for the current year, with estimates ranging from $2.73 billion to $2.77 billion. For the next financial year, analysts anticipate that the business will post sales of $2.89 billion per share, with estimates ranging from $2.84 billion to $2.98 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Donaldson.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, May 31st. The industrial products company reported $0.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The firm had revenue of $700.00 million during the quarter, compared to the consensus estimate of $682.68 million. Donaldson had a net margin of 5.47% and a return on equity of 30.15%. The company’s revenue for the quarter was up 15.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.45 earnings per share.
Several research firms have recently issued reports on DCI. TheStreet raised shares of Donaldson from a “c+” rating to a “b+” rating in a research note on Thursday, May 31st. Stifel Nicolaus dropped their price target on shares of Donaldson from $51.00 to $46.00 and set a “hold” rating for the company in a research note on Friday, June 1st. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. Finally, Edward Jones raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, March 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $50.60.
In other news, Director John Wiehoff sold 14,400 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $47.86, for a total transaction of $689,184.00. Following the completion of the sale, the director now directly owns 62,620 shares in the company, valued at $2,996,993.20. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 1.09% of the company’s stock.
Several institutional investors and hedge funds have recently bought and sold shares of DCI. BlackRock Inc. increased its position in shares of Donaldson by 3.8% during the first quarter. BlackRock Inc. now owns 11,182,902 shares of the industrial products company’s stock worth $503,789,000 after buying an additional 404,365 shares during the period. Cooke & Bieler LP increased its position in shares of Donaldson by 46.0% during the first quarter. Cooke & Bieler LP now owns 648,535 shares of the industrial products company’s stock worth $29,217,000 after buying an additional 204,450 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Donaldson by 6.7% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,099,219 shares of the industrial products company’s stock worth $94,570,000 after buying an additional 132,476 shares during the period. Renaissance Technologies LLC increased its position in shares of Donaldson by 50.4% during the fourth quarter. Renaissance Technologies LLC now owns 319,948 shares of the industrial products company’s stock worth $15,661,000 after buying an additional 107,248 shares during the period. Finally, Hoylecohen LLC acquired a new stake in shares of Donaldson during the fourth quarter worth $4,224,000. Institutional investors own 77.32% of the company’s stock.
Donaldson opened at $45.12 on Friday, Marketbeat reports. The firm has a market cap of $5.84 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 1.97 and a beta of 1.16. Donaldson has a 52-week low of $42.59 and a 52-week high of $52.20. The company has a quick ratio of 2.28, a current ratio of 3.14 and a debt-to-equity ratio of 0.82.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 28th. Stockholders of record on Monday, June 11th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Friday, June 8th. This is a boost from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.76 annualized dividend and a dividend yield of 1.68%. Donaldson’s dividend payout ratio is 44.97%.
Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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