Donaldson (DCI) Rating Reiterated by SunTrust Banks

Donaldson (NYSE:DCI)‘s stock had its “hold” rating restated by equities researchers at SunTrust Banks in a report released on Thursday. They presently have a $56.00 price objective on the industrial products company’s stock. SunTrust Banks’ target price points to a potential upside of 8.91% from the company’s previous close. SunTrust Banks also issued estimates for Donaldson’s Q3 2019 earnings at $0.66 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.44 EPS, Q1 2020 earnings at $0.60 EPS, Q2 2020 earnings at $0.57 EPS, Q3 2020 earnings at $0.73 EPS, Q4 2020 earnings at $0.75 EPS and FY2020 earnings at $2.65 EPS.

Several other equities research analysts also recently commented on DCI. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Thursday. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research report on Tuesday. ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Finally, Stifel Nicolaus upped their price objective on shares of Donaldson from $54.00 to $60.00 and gave the stock a “hold” rating in a research report on Friday, September 14th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Donaldson presently has a consensus rating of “Hold” and an average target price of $56.33.

Shares of NYSE:DCI traded up $0.13 during midday trading on Thursday, hitting $51.42. 1,337,533 shares of the company’s stock were exchanged, compared to its average volume of 486,807. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.40 and a quick ratio of 1.69. The company has a market cap of $6.57 billion, a PE ratio of 25.71, a PEG ratio of 1.88 and a beta of 1.25. Donaldson has a 12 month low of $43.35 and a 12 month high of $59.43.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 4th. The industrial products company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.01). The business had revenue of $701.40 million for the quarter, compared to the consensus estimate of $700.98 million. Donaldson had a return on equity of 32.75% and a net margin of 6.92%. The company’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 earnings per share. On average, equities research analysts expect that Donaldson will post 2.38 earnings per share for the current fiscal year.

In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the sale, the director now directly owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $58.99, for a total transaction of $189,298.91. Following the completion of the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at $235,960. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

A number of hedge funds have recently modified their holdings of DCI. Vanguard Group Inc. grew its position in shares of Donaldson by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 12,475,701 shares of the industrial products company’s stock valued at $726,835,000 after acquiring an additional 84,864 shares during the period. BlackRock Inc. grew its position in shares of Donaldson by 0.4% during the 3rd quarter. BlackRock Inc. now owns 11,263,935 shares of the industrial products company’s stock valued at $656,238,000 after acquiring an additional 41,278 shares during the period. Janus Henderson Group PLC grew its position in shares of Donaldson by 9.2% during the 2nd quarter. Janus Henderson Group PLC now owns 4,360,680 shares of the industrial products company’s stock valued at $196,754,000 after acquiring an additional 368,578 shares during the period. FMR LLC grew its position in shares of Donaldson by 6.9% during the 3rd quarter. FMR LLC now owns 3,680,033 shares of the industrial products company’s stock valued at $214,399,000 after acquiring an additional 237,633 shares during the period. Finally, Bank of New York Mellon Corp grew its position in shares of Donaldson by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,941,001 shares of the industrial products company’s stock valued at $113,084,000 after acquiring an additional 8,545 shares during the period. 81.42% of the stock is owned by institutional investors and hedge funds.

About Donaldson

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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