Donaldson (NYSE:DCI) Share Price Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Donaldson shares rose above their 50-day moving average of $87.29, trading as high as $88.27; the stock’s 200-day average is $90.34.
• Analysts maintain a Moderate Buy consensus, with an average price target of $101.67. Ratings are mixed, including three Buy and two Hold recommendations.
• In its latest quarter, Donaldson beat earnings and revenue estimates, reporting EPS of $1.15 and revenue of $1.06 billion; revenue increased 8% year over year.

Donaldson Company, Inc. (NYSE:DCI - Get Free Report)'s stock price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $87.29 and traded as high as $88.27. Donaldson shares last traded at $88.0620, with a volume of 548,391 shares traded.

Analyst Ratings Changes

DCI has been the topic of several recent analyst reports. Weiss Ratings raised shares of Donaldson from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, August 20th. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a report on Saturday, September 19th. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research report on Friday, August 28th. Morgan Stanley upped their target price on shares of Donaldson from $91.00 to $95.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 29th. Finally, Robert W. Baird upped their target price on shares of Donaldson from $105.00 to $110.00 and gave the company an "outperform" rating in a research note on Thursday, August 27th. Three investment analysts have rated the stock with a Buy rating and two have given 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 $101.67.

Donaldson Stock Performance

The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $10.20 billion, a price-to-earnings ratio of 22.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88. The company has a 50-day moving average of $87.29 and a 200-day moving average of $90.34.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data on Tuesday, August 25th. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.02. The firm had revenue of $1.06 billion for the quarter, compared to analysts' expectations of $1.04 billion. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The firm's revenue for the quarter was up 8.0% on a year-over-year basis. During the same period last year, the business posted $1.03 earnings per share. On average, equities research analysts forecast that Donaldson Company, Inc. will post 4.33 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. White Pine Capital LLC acquired a new stake in Donaldson during the third quarter worth about $1,686,000. Hantz Financial Services Inc. boosted its stake in Donaldson by 30.6% in the third quarter. Hantz Financial Services Inc. now owns 4,103 shares of the industrial products company's stock valued at $357,000 after acquiring an additional 961 shares during the period. Bernicke Wealth Management Ltd. bought a new position in shares of Donaldson during the third quarter valued at approximately $406,000. William Blair Investment Management LLC grew its holdings in shares of Donaldson by 2.3% during the third quarter. William Blair Investment Management LLC now owns 35,783 shares of the industrial products company's stock valued at $3,115,000 after purchasing an additional 819 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in shares of Donaldson by 55.7% during the third quarter. Russell Investments Group Ltd. now owns 115,501 shares of the industrial products company's stock valued at $10,054,000 after purchasing an additional 41,323 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

Donaldson Company Profile

Donaldson Company, Inc is a global manufacturer of filtration systems and replacement parts. Founded in 1915, the company serves customers in industries including agriculture, construction, mining, transportation, manufacturing, and life sciences.

Its products include air, liquid, fuel, and lubricating-oil filters for engines and equipment, as well as dust-collection systems and filtration solutions for compressed air and gas. Donaldson also provides filtration technologies for applications such as food and beverage production, bioprocessing, and other life sciences uses.

Headquartered in Bloomington, Minnesota, Donaldson serves customers around the world through its manufacturing, distribution, and service operations.

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