Donaldson (NYSE:DCI) Upgraded at Wall Street Zen

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

Several other research firms also recently weighed in on DCI. Robert W. Baird boosted their target price on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 4th. Stifel Nicolaus dropped their price objective on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a report on Monday, April 14th. Finally, Morgan Stanley restated an "underweight" rating and issued a $69.00 target price (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $70.00.

Donaldson Stock Down 0.5%

NYSE:DCI traded down $0.38 during midday trading on Friday, reaching $69.56. 1,037,030 shares of the stock traded hands, compared to its average volume of 565,088. The stock has a market capitalization of $8.11 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.82 and a beta of 0.99. Donaldson has a 12-month low of $57.45 and a 12-month high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The business has a 50-day moving average of $68.34 and a two-hundred day moving average of $68.21.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.95 by $0.04. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The firm had revenue of $940.10 million during the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the prior year, the business posted $0.92 EPS. The business's revenue for the quarter was up 1.3% compared to the same quarter last year. On average, equities analysts forecast that Donaldson will post 3.64 earnings per share for the current fiscal year.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the sale, the director now directly owns 20,246 shares of the company's stock, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.70% of the company's stock.

Institutional Trading of Donaldson

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Truist Financial Corp grew its stake in shares of Donaldson by 4.9% during the 4th quarter. Truist Financial Corp now owns 6,199 shares of the industrial products company's stock worth $417,000 after purchasing an additional 290 shares during the period. IFP Advisors Inc boosted its holdings in Donaldson by 94.5% during the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock worth $185,000 after buying an additional 1,334 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Donaldson by 7.9% during the fourth quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company's stock worth $85,351,000 after buying an additional 92,624 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Donaldson during the fourth quarter valued at $1,311,000. Finally, Versor Investments LP increased its holdings in Donaldson by 41.1% in the fourth quarter. Versor Investments LP now owns 7,900 shares of the industrial products company's stock valued at $532,000 after buying an additional 2,300 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

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