Donaldson (NYSE:DCI) Lowered to Hold Rating by Wall Street Zen

Donaldson (NYSE:DCI - Get Free Report) was downgraded by analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research report issued to clients and investors on Saturday.

A number of other equities research analysts have also issued reports on the company. Morgan Stanley restated an "underweight" rating and issued a $69.00 price target (up from $65.00) on shares of Donaldson in a research report on Friday, June 6th. Robert W. Baird upped their price target on Donaldson from $76.00 to $78.00 and gave the company an "outperform" rating in a research report on Wednesday, June 4th. Finally, Stifel Nicolaus dropped their price target on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th.

Donaldson Price Performance

NYSE:DCI traded up $0.10 during trading hours on Friday, hitting $71.26. 395,314 shares of the stock were exchanged, compared to its average volume of 560,880. Donaldson has a 52-week low of $57.45 and a 52-week high of $78.95. The firm's fifty day moving average price is $69.01 and its 200 day moving average price is $68.16. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a market cap of $8.30 billion, a P/E ratio of 23.91, a P/E/G ratio of 1.85 and a beta of 0.98.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping 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 company had revenue of $940.10 million during the quarter, compared to analyst estimates of $936.02 million. During the same period in the previous year, the business earned $0.92 EPS. Donaldson's quarterly revenue was up 1.3% on a year-over-year basis. As a group, equities research analysts anticipate that Donaldson will post 3.64 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director James Owens sold 18,700 shares of the company's stock in a transaction that occurred on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director directly owned 20,246 shares in the company, valued at approximately $1,255,656.92. This represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DCI. Proficio Capital Partners LLC acquired a new position in Donaldson during the fourth quarter worth $1,311,000. Smartleaf Asset Management LLC lifted its stake in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after purchasing an additional 180 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Donaldson by 84.4% during the fourth quarter. Jones Financial Companies Lllp now owns 13,786 shares of the industrial products company's stock worth $928,000 after purchasing an additional 6,308 shares in the last quarter. Atria Investments Inc lifted its stake in Donaldson by 49.7% during the fourth quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company's stock worth $938,000 after purchasing an additional 4,625 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in Donaldson during the fourth quarter worth $13,865,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Company Profile

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.