Donaldson Company, Inc. (DCI) - What Are Investment Firms Saying About This Stock?

Key Points

• Analysts maintain a moderately bullish view: Donaldson has a consensus “Moderate Buy” rating, with three buys and two holds. The average 12-month price target is $101.67, while recent targets range from $95 to $110.
• Recent earnings exceeded expectations: Donaldson reported quarterly earnings of $1.15 per share versus the $1.13 consensus estimate, while revenue rose 8% year over year to $1.06 billion.
• Institutional ownership remains high: Hedge funds and other institutional investors own 82.81% of the company. Donaldson also pays a quarterly dividend of $0.32 per share, equivalent to a 1.5% annual yield.

Shares of Donaldson Company, Inc. (NYSE:DCI - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the five research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $101.67.

A number of brokerages have recently commented on DCI. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, September 19th. Stifel Nicolaus set a $95.00 price target on shares of Donaldson in a research note on Friday, August 28th. Weiss Ratings upgraded shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, August 20th. Morgan Stanley lifted their price target on shares of Donaldson from $91.00 to $95.00 and gave the company an "equal weight" rating in a research report on Tuesday, September 29th. Finally, Robert W. Baird boosted their price objective 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.

Hedge Funds Weigh In On Donaldson

Several large investors have recently made changes to their positions in DCI. Allworth Financial LP bought a new stake in shares of Donaldson in the 2nd quarter worth approximately $29,000. Trust Co. of Vermont bought a new position in Donaldson during the 2nd quarter valued at approximately $31,000. Sachetta LLC bought a new position in Donaldson during the 1st quarter valued at approximately $65,000. Northwestern Mutual Wealth Management Co. purchased a new position in Donaldson during the second quarter valued at $83,000. Finally, Caitong International Asset Management Co. Ltd purchased a new position in Donaldson during the fourth quarter valued at $104,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Trading Down 0.1%

DCI opened at $87.05 on Friday. The stock has a market cap of $10.08 billion, a PE ratio of 22.61, a PEG ratio of 2.01 and a beta of 0.87. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The business has a 50 day moving average of $91.01 and a 200-day moving average of $88.45. Donaldson has a 52 week low of $79.42 and a 52 week high of $112.84.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The firm's revenue was up 8.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.03 earnings per share. Equities research analysts predict that Donaldson will post 4.33 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Shareholders of record on Monday, August 17th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. Donaldson's dividend payout ratio (DPR) is currently 33.25%.

Donaldson Company Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and related products. Founded in 1915 by Frank Donaldson, the company develops solutions that help protect engines, equipment, industrial processes and the environment from airborne and liquid contaminants.

Donaldson serves the engine and industrial markets. Its products include air and liquid filters, exhaust and emissions systems, hydraulic and fuel filtration products, dust and fume collectors, compressed-air and gas filtration systems, and filtration solutions for manufacturing, energy, transportation, agriculture, construction and other applications.

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