Donaldson Company, Inc. (NYSE:DCI) – Investment analysts at Oppenheimer dropped their Q3 2019 earnings per share (EPS) estimates for shares of Donaldson in a report released on Monday, April 15th. Oppenheimer analyst B. Blair now anticipates that the industrial products company will post earnings per share of $0.61 for the quarter, down from their previous estimate of $0.62. Oppenheimer also issued estimates for Donaldson’s Q4 2019 earnings at $0.71 EPS.
DCI has been the topic of a number of other reports. Zacks Investment Research lowered Donaldson from a “hold” rating to a “sell” rating in a research note on Monday, March 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $52.00 price objective on shares of Donaldson in a research note on Friday, December 21st. Finally, ValuEngine lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $55.25.
Donaldson stock opened at $53.17 on Wednesday. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $6.72 billion, a P/E ratio of 26.59, a P/E/G ratio of 2.08 and a beta of 1.43. Donaldson has a one year low of $40.27 and a one year high of $59.43.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.04). The company had revenue of $703.70 million during the quarter, compared to analyst estimates of $719.40 million. Donaldson had a return on equity of 32.75% and a net margin of 10.82%. Donaldson’s revenue was up 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 earnings per share.
In other Donaldson news, Director Willard D. Oberton sold 14,400 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $49.10, for a total value of $707,040.00. Following the transaction, the director now directly owns 33,172 shares of the company’s stock, valued at $1,628,745.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Douglas A. Milroy purchased 560 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was acquired at an average cost of $49.05 per share, for a total transaction of $27,468.00. Following the completion of the purchase, the director now owns 4,449 shares of the company’s stock, valued at approximately $218,223.45. The disclosure for this purchase can be found here. 1.35% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp increased its holdings in shares of Donaldson by 0.4% during the third 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 in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Donaldson by 2.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,032,453 shares of the industrial products company’s stock valued at $60,151,000 after buying an additional 28,198 shares during the last quarter. Hsbc Holdings PLC lifted its position in shares of Donaldson by 16.7% during the 3rd quarter. Hsbc Holdings PLC now owns 13,456 shares of the industrial products company’s stock valued at $784,000 after buying an additional 1,929 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Donaldson by 167.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 238,445 shares of the industrial products company’s stock valued at $13,892,000 after buying an additional 149,144 shares during the last quarter. Finally, Jane Street Group LLC lifted its position in shares of Donaldson by 73.3% during the 3rd quarter. Jane Street Group LLC now owns 8,262 shares of the industrial products company’s stock valued at $481,000 after buying an additional 3,494 shares during the last quarter. 79.96% of the stock is currently owned by hedge funds and other institutional investors.
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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