Shares of Donaldson Company, Inc. (NYSE:DCI) have been assigned a consensus rating of “Hold” from the six brokerages that are presently covering the firm, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $53.00.
Separately, Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating and set a $51.00 target price for the company in a research report on Monday, May 27th.
Shares of NYSE DCI traded up $0.30 during mid-day trading on Wednesday, hitting $49.46. The company had a trading volume of 185,462 shares, compared to its average volume of 425,039. The company has a current ratio of 2.63, a quick ratio of 1.82 and a debt-to-equity ratio of 0.68. Donaldson has a 1 year low of $40.27 and a 1 year high of $59.43. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 24.73, a P/E/G ratio of 1.83 and a beta of 1.43. The stock’s 50-day moving average price is $49.13 and its 200-day moving average price is $49.98.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.04). Donaldson had a net margin of 10.96% and a return on equity of 32.30%. The company had revenue of $713.00 million for the quarter, compared to the consensus estimate of $745.05 million. During the same quarter in the previous year, the firm posted $0.53 earnings per share. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts forecast that Donaldson will post 2.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Investors of record on Tuesday, August 13th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Monday, August 12th. Donaldson’s payout ratio is 42.00%.
In related news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $47.88, for a total transaction of $689,472.00. Following the completion of the transaction, the director now directly owns 66,860 shares in the company, valued at $3,201,256.80. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.35% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Louisiana State Employees Retirement System boosted its holdings in shares of Donaldson by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the industrial products company’s stock worth $1,712,000 after purchasing an additional 300 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Donaldson by 1.5% during the 2nd quarter. Advisory Services Network LLC now owns 21,517 shares of the industrial products company’s stock valued at $1,095,000 after acquiring an additional 310 shares during the period. ETF Managers Group LLC boosted its holdings in Donaldson by 10.8% during the 1st quarter. ETF Managers Group LLC now owns 3,203 shares of the industrial products company’s stock valued at $160,000 after acquiring an additional 311 shares during the period. Municipal Employees Retirement System of Michigan boosted its holdings in Donaldson by 1.5% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 23,650 shares of the industrial products company’s stock valued at $1,203,000 after acquiring an additional 340 shares during the period. Finally, Stanley Laman Group Ltd. boosted its holdings in Donaldson by 2.6% during the 1st quarter. Stanley Laman Group Ltd. now owns 18,224 shares of the industrial products company’s stock valued at $912,000 after acquiring an additional 457 shares during the period. Hedge funds and other institutional investors own 80.61% of the company’s stock.
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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