Donaldson (NYSE:DCI) Rating Increased to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Donaldson from “hold” to “buy,” while the broader analyst consensus is “Moderate Buy,” with three Buy ratings and two Holds and an average price target of $97.83.
• Donaldson exceeded quarterly expectations, reporting $1.06 in EPS versus $1.05 expected and $995.1 million in revenue versus $973.65 million expected; revenue increased 5.9% year over year.
• Institutional investors own 82.81% of Donaldson’s stock, with major recent purchases or position increases from BlackRock, Pictet Asset Management, William Blair, Norges Bank and Bank of New York Mellon.

Donaldson (NYSE:DCI - Get Free Report) was upgraded by analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research note issued on Sunday.

A number of other analysts have also commented on the company. Weiss Ratings raised Donaldson from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Finally, Stifel Nicolaus reduced their price objective on Donaldson from $96.00 to $91.00 and set a "hold" rating for the company in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $97.83.

Donaldson Stock Performance

NYSE:DCI opened at $98.72 on Friday. The firm has a market capitalization of $11.44 billion, a P/E ratio of 26.54, a P/E/G ratio of 2.26 and a beta of 0.92. Donaldson has a twelve month low of $71.79 and a twelve month high of $112.84. The company has a fifty day moving average of $89.25 and a 200-day moving average of $91.24. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, topping analysts' consensus estimates of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The business had revenue of $995.10 million during the quarter, compared to analysts' expectations of $973.65 million. During the same period last year, the company posted $0.99 earnings per share. The business's quarterly revenue was up 5.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Donaldson will post 3.96 EPS for the current year.

Institutional Trading of Donaldson

Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. bought a new position in shares of Donaldson in the second quarter valued at approximately $1,072,012,000. Pictet Asset Management Holding SA lifted its holdings in Donaldson by 10,438.1% during the first quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company's stock worth $152,873,000 after acquiring an additional 1,784,386 shares during the period. William Blair Investment Management LLC lifted its holdings in Donaldson by 26,235.7% during the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company's stock worth $151,420,000 after acquiring an additional 1,701,387 shares during the period. Norges Bank purchased a new position in Donaldson in the fourth quarter worth $120,186,000. Finally, Bank of New York Mellon Corp bought a new position in Donaldson in the 2nd quarter valued at $95,542,000. Institutional investors own 82.81% of the company's stock.

About Donaldson

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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