Donaldson Company, Inc. (NYSE:DCI)‘s stock had its “hold” rating reiterated by Stifel Nicolaus in a report issued on Friday, September 8th, Marketbeat Ratings reports. They presently have a $45.00 price target on the industrial products company’s stock, down from their prior price target of $48.00. Stifel Nicolaus’ price objective points to a potential upside of 0.38% from the company’s previous close.
Several other research firms also recently issued reports on DCI. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a report on Friday, May 12th. BidaskClub downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Finally, Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price target on the stock in a research note on Wednesday, May 31st. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Donaldson presently has an average rating of “Hold” and an average target price of $49.50.
Shares of Donaldson (DCI) traded up 0.25% on Friday, hitting $44.83. The stock had a trading volume of 951,435 shares. The firm has a 50 day moving average of $46.35 and a 200-day moving average of $45.99. Donaldson has a 1-year low of $35.85 and a 1-year high of $48.91. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 26.68 and a beta of 1.21.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). The firm had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm’s quarterly revenue was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Equities analysts predict that Donaldson will post ($0.38) earnings per share for the current year.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total transaction of $667,152.00. Following the transaction, the director now directly owns 59,001 shares of the company’s stock, valued at $2,733,516.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.88% of the stock is owned by insiders.
Hedge funds have recently modified their holdings of the business. Schroder Investment Management Group purchased a new position in Donaldson during the first quarter worth about $154,000. Northwestern Mutual Wealth Management Co. raised its stake in Donaldson by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after purchasing an additional 217 shares during the period. Tyers Asset Management LLC increased its position in shares of Donaldson by 16.5% during the first quarter. Tyers Asset Management LLC now owns 4,416 shares of the industrial products company’s stock valued at $201,000 after acquiring an additional 624 shares during the last quarter. Mckinley Capital Management LLC Delaware acquired a new stake in shares of Donaldson during the first quarter valued at about $202,000. Finally, Mosaic Family Wealth LLC increased its position in shares of Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 213 shares during the last quarter. 77.91% of the stock is currently owned by institutional investors.
Donaldson Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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