Robert W. Baird Issues Positive Forecast for Donaldson (NYSE:DCI) Stock Price

Key Points

• Robert W. Baird raised Donaldson’s price target from $95 to $105 and maintained an “outperform” rating, implying 11.75% upside from the prior close.
• Analyst sentiment is generally favorable, with three Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of $99.50.
• Donaldson exceeded quarterly expectations, reporting $1.06 in EPS versus $1.05 expected and revenue of $995.1 million, up 5.9% year over year; institutional investors own 82.81% of the stock.

Donaldson (NYSE:DCI - Get Free Report) had its price target boosted by stock analysts at Robert W. Baird from $95.00 to $105.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's target price suggests a potential upside of 11.75% from the stock's previous close.

A number of other equities research analysts have also recently commented on DCI. 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. Wall Street Zen upgraded Donaldson from a "hold" rating to a "buy" rating in a report on Sunday, August 9th. Weiss Ratings raised shares of Donaldson from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research note on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $99.50.

Donaldson Trading Down 0.8%

DCI opened at $93.96 on Wednesday. The company has a fifty day moving average price of $90.84 and a two-hundred day moving average price of $90.89. Donaldson has a 1-year low of $73.63 and a 1-year high of $112.84. The company has a market cap of $10.89 billion, a P/E ratio of 25.26, a price-to-earnings-growth ratio of 2.19 and a beta of 0.92. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share (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 company had revenue of $995.10 million for the quarter, compared to analysts' expectations of $973.65 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The business's revenue was up 5.9% on a year-over-year basis. Analysts predict that Donaldson will post 3.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allworth Financial LP bought a new position in shares of Donaldson during the 2nd quarter worth approximately $29,000. Trust Co. of Vermont bought a new position in shares of Donaldson in the second quarter valued at approximately $31,000. Leonteq Securities AG purchased a new stake in shares of Donaldson during the fourth quarter valued at approximately $40,000. Clearstead Advisors LLC increased its position in shares of Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 288 shares during the last quarter. Finally, Strive Financial Group LLC bought a new stake in Donaldson during the fourth quarter worth $57,000. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Company Profile

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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