Donaldson Company, Inc. (NYSE:DCI) has received a consensus recommendation of “Hold” from the seven analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $48.67.
A number of research firms have recently weighed in on DCI. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Donaldson in a research note on Tuesday, October 3rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target (down from $48.00) on shares of Donaldson in a research note on Friday, September 8th. Robert W. Baird reaffirmed a “hold” rating and set a $47.00 price target on shares of Donaldson in a research note on Friday, September 8th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Finally, BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The firm had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $634.41 million. During the same period last year, the business earned $0.46 earnings per share. The firm’s revenue for the quarter was up 11.2% on a year-over-year basis.
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Large investors have recently made changes to their positions in the company. Schroder Investment Management Group acquired a new stake in shares of Donaldson during the 1st quarter worth approximately $154,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Donaldson by 5.4% during the 2nd 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 in the last quarter. Mosaic Family Wealth LLC grew its holdings in shares of Donaldson by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Donaldson during the 2nd quarter worth approximately $207,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Donaldson during the 1st quarter worth approximately $209,000. 78.24% of the stock is currently owned by institutional investors.
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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