Analysts expect Donaldson Company, Inc. (NYSE:DCI) to post $653.97 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for Donaldson's earnings. The highest sales estimate is $656.60 million and the lowest is $652.14 million. Donaldson reported sales of $662.00 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 1.2%. The firm is expected to issue its next earnings results on Thursday, March 4th.
On average, analysts expect that Donaldson will report full year sales of $2.65 billion for the current financial year, with estimates ranging from $2.61 billion to $2.70 billion. For the next financial year, analysts forecast that the company will report sales of $2.88 billion, with estimates ranging from $2.80 billion to $3.03 billion. Zacks' sales averages are a mean average based on a survey of analysts that that provide coverage for Donaldson.
Donaldson (NYSE:DCI) last released its earnings results on Wednesday, December 2nd. The industrial products company reported $0.48 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.45 by $0.03. The company had revenue of $636.60 million during the quarter, compared to the consensus estimate of $615.20 million. Donaldson had a return on equity of 25.84% and a net margin of 9.97%. Donaldson's quarterly revenue was down 5.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 EPS.
DCI has been the topic of a number of analyst reports. Morgan Stanley lifted their price target on Donaldson from $64.00 to $68.00 and gave the stock an "overweight" rating in a research note on Tuesday, December 15th. Oppenheimer reaffirmed a "hold" rating on shares of Donaldson in a research note on Friday, October 9th. Robert W. Baird raised Donaldson from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $54.00 to $56.00 in a research note on Friday, October 2nd. Finally, BidaskClub raised Donaldson from a "sell" rating to a "hold" rating in a research note on Thursday, January 7th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of "Hold" and a consensus price target of $51.40.
Shares of Donaldson stock opened at $59.32 on Thursday. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.73 and a quick ratio of 1.94. The business's 50 day simple moving average is $56.04 and its two-hundred day simple moving average is $51.07. The stock has a market capitalization of $7.49 billion, a P/E ratio of 29.96, a price-to-earnings-growth ratio of 2.57 and a beta of 1.36. Donaldson has a one year low of $31.08 and a one year high of $60.12.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 22nd. Stockholders of record on Monday, December 7th were paid a dividend of $0.21 per share. The ex-dividend date was Friday, December 4th. This represents a $0.84 annualized dividend and a dividend yield of 1.42%. Donaldson's dividend payout ratio (DPR) is presently 42.00%.
In other news, SVP Thomas R. Scalf sold 1,000 shares of the business's stock in a transaction that occurred on Friday, December 4th. The stock was sold at an average price of $54.41, for a total transaction of $54,410.00. Following the transaction, the senior vice president now directly owns 24,586 shares of the company's stock, valued at $1,337,724.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 2.18% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Bank of Montreal Can grew its stake in Donaldson by 71.3% in the second quarter. Bank of Montreal Can now owns 11,552 shares of the industrial products company's stock worth $522,000 after purchasing an additional 4,809 shares during the period. Stifel Financial Corp grew its stake in Donaldson by 1.5% in the second quarter. Stifel Financial Corp now owns 39,474 shares of the industrial products company's stock worth $1,836,000 after purchasing an additional 599 shares during the period. Bank of America Corp DE grew its stake in Donaldson by 19.8% in the second quarter. Bank of America Corp DE now owns 321,369 shares of the industrial products company's stock worth $14,951,000 after purchasing an additional 53,205 shares during the period. Man Group plc purchased a new stake in Donaldson in the second quarter worth $2,281,000. Finally, Canada Pension Plan Investment Board purchased a new stake in Donaldson in the second quarter worth $1,513,000. 73.21% of the stock is currently owned by hedge funds and other institutional investors.
Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. The Engine Products segment offers replacement filters for air and liquid filtration applications, 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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