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

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

Several other research firms also recently weighed in on DCI. Morgan Stanley reissued an "underweight" rating and issued a $69.00 price target (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Stifel Nicolaus decreased their target price on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, 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.

Donaldson Price Performance

Donaldson stock traded up $0.55 during midday trading on Friday, reaching $70.70. The company had a trading volume of 526,871 shares, compared to its average volume of 561,321. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. Donaldson has a 12-month low of $57.45 and a 12-month high of $78.95. The company has a market capitalization of $8.24 billion, a P/E ratio of 23.72, a P/E/G ratio of 1.82 and a beta of 0.98. The firm's fifty day simple moving average is $69.20 and its 200-day simple moving average is $68.19.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share 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 business had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same quarter last year, the business posted $0.92 earnings per share. The business's quarterly revenue was up 1.3% compared to the same quarter last year. As a group, equities analysts anticipate that Donaldson will post 3.64 EPS for the current year.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the business's stock in a transaction dated Thursday, April 10th. The shares were 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 $1,255,656.92. The trade was a 48.02% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Donaldson

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCI. Proficio Capital Partners LLC purchased a new position in shares of Donaldson during the 4th quarter worth $1,311,000. Smartleaf Asset Management LLC boosted 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 buying an additional 180 shares during the period. Jones Financial Companies Lllp boosted 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 buying an additional 6,308 shares during the period. Atria Investments Inc increased its position in shares of Donaldson by 49.7% during the fourth quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company's stock valued at $938,000 after acquiring an additional 4,625 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in shares of Donaldson in the 4th quarter valued at approximately $13,865,000. Institutional investors and hedge funds own 82.81% of the company's stock.

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.