Donaldson (NYSE:DCI) Downgraded by Wall Street Zen to Hold

Key Points

• Wall Street Zen downgraded Donaldson to “Hold” from “Buy,” while broader analyst sentiment remains a “Moderate Buy” with an average price target of $101.
• Donaldson exceeded quarterly expectations, reporting $1.15 in EPS versus the $1.13 consensus and $1.06 billion in revenue, up 8% year over year.
• The stock opened at $86.39, below its 50-day moving average of $92.21, while institutional investors own a substantial 82.81% stake in the company.

Donaldson (NYSE:DCI - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a report issued on Saturday, Wall Street Zen reports.

Several other equities analysts have also issued reports on DCI. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Robert W. Baird upped their target price on shares of Donaldson from $105.00 to $110.00 and gave the stock an "outperform" rating in a research note on Thursday, August 27th. Stifel Nicolaus set a $95.00 target price on Donaldson in a report on Friday, August 28th. Finally, Wells Fargo & Company set a $91.00 price target on Donaldson in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to data from MarketBeat, Donaldson has a consensus rating of "Moderate Buy" and an average price target of $101.00.

Donaldson Stock Performance

Donaldson stock opened at $86.39 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. Donaldson has a 1 year low of $79.42 and a 1 year high of $112.84. The company has a market cap of $10.01 billion, a PE ratio of 22.44, a PEG ratio of 1.98 and a beta of 0.92. The company's 50-day moving average is $92.21 and its two-hundred day moving average is $88.53.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02. The company had revenue of $1.06 billion during the quarter, compared to analysts' expectations of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. Donaldson's revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Equities analysts anticipate that Donaldson will post 4.34 earnings per share for the current year.

Institutional Investors Weigh In On Donaldson

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Donaldson during the second quarter worth about $1,072,012,000. Geode Capital Management LLC grew its stake in Donaldson by 0.6% in the fourth quarter. Geode Capital Management LLC now owns 2,846,214 shares of the industrial products company's stock valued at $252,386,000 after purchasing an additional 15,674 shares in the last quarter. Pictet Asset Management Holding SA increased its position in shares of Donaldson by 10,438.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company's stock worth $152,873,000 after purchasing an additional 1,784,386 shares during the last quarter. William Blair Investment Management LLC increased its position in shares of Donaldson by 26,235.7% during the 4th quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company's stock worth $151,420,000 after purchasing an additional 1,701,387 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Donaldson during the 4th quarter worth approximately $120,186,000. 82.81% of the stock is owned by institutional investors.

Donaldson Company Profile

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts. Founded in 1915, the company develops products that help protect engines, equipment, manufacturing processes and people from airborne and liquid contaminants.

Donaldson's products include air and liquid filters, dust and fume collectors, hydraulic and process filtration systems, exhaust and emissions solutions, and replacement filtration parts. Its technologies are used in applications such as heavy-duty and off-road equipment, agriculture, construction, mining, transportation, power generation, manufacturing, and other industrial operations.

The company serves original equipment manufacturers, distributors and end users through operations and sales channels spanning North America, Europe, Asia-Pacific and other international markets.

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