Shares of Donaldson Company, Inc. (NYSE:DCI) have been given a consensus rating of “Hold” by the six ratings firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold rating. The average 12 month price target among analysts that have covered the stock in the last year is $52.25.
Separately, Stifel Nicolaus set a $50.00 price objective on shares of Donaldson and gave the company a “hold” rating in a research note on Friday, September 6th.
DCI stock traded up $0.49 during mid-day trading on Thursday, reaching $50.59. 11,553 shares of the stock traded hands, compared to its average volume of 460,512. The company has a current ratio of 2.32, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65. Donaldson has a 52-week low of $40.27 and a 52-week high of $57.31. The company has a market cap of $6.39 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.05 and a beta of 1.42. The stock’s fifty day moving average is $50.14 and its 200-day moving average is $50.10.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 5th. The industrial products company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The company had revenue of $726.90 million during the quarter, compared to analyst estimates of $725.32 million. During the same period in the prior year, the firm earned $0.58 earnings per share. The business’s quarterly revenue was up .3% on a year-over-year basis. Equities research analysts expect that Donaldson will post 2.28 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of DCI. Nomura Asset Management Co. Ltd. purchased a new stake in shares of Donaldson in the second quarter worth approximately $36,000. Meeder Asset Management Inc. purchased a new stake in shares of Donaldson in the second quarter worth approximately $66,000. Dougherty Wealth Advisers LLC lifted its position in shares of Donaldson by 193.4% in the second quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 1,000 shares in the last quarter. Griffin Asset Management Inc. purchased a new stake in shares of Donaldson in the second quarter worth approximately $81,000. Finally, Ossiam purchased a new stake in shares of Donaldson in the second quarter worth approximately $150,000. 81.58% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Overbought
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