Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides 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. This segment sells its products to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense, and transportation markets; and to independent distributors, OEM dealer networks, private label accounts, and large fleets. The company's Industrial Products segment offers dust, fume, and mist collectors; compressed air purification systems; gas and liquid filtration for food, beverage, and industrial processes; air filtration systems for gas turbines; polytetrafluoroethylene membrane-based products; and specialized air and gas filtration systems for applications, including hard disk drives, semi-conductor manufacturing and sensors, indicators, and monitoring systems. This segment sells its products to various dealers, distributors, OEMs of gas-fired turbines, and OEMs and end-users requiring air filtration solutions and replacement filters. Donaldson Company, Inc. was founded in 1915 and is headquartered in Bloomington, Minnesota.
Analyst Ratings Changes
DCI has been the subject of a number of analyst reports. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Sunday, June 12th. Stifel Nicolaus cut their target price on Donaldson from $53.00 to $51.00 in a research note on Monday, July 18th. Robert W. Baird cut their target price on Donaldson from $65.00 to $61.00 and set an "outperform" rating on the stock in a research note on Thursday, June 2nd. Finally, Morgan Stanley cut their target price on Donaldson from $68.00 to $63.00 and set an "overweight" rating on the stock in a research note on Monday, July 18th.
Donaldson Price Performance
Donaldson stock opened at $54.60 on Monday. Donaldson has a 12 month low of $46.00 and a 12 month high of $69.35. The company has a current ratio of 2.25, a quick ratio of 1.41 and a debt-to-equity ratio of 0.54. The business's 50 day simple moving average is $50.32 and its 200 day simple moving average is $51.50. The company has a market cap of $6.71 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.70 and a beta of 1.26.
Donaldson (NYSE:DCI - Get Rating) last posted its quarterly earnings data on Wednesday, June 1st. The industrial products company reported $0.67 EPS for the quarter, missing the consensus estimate of $0.72 by ($0.05). Donaldson had a net margin of 9.91% and a return on equity of 28.15%. The firm had revenue of $853.20 million during the quarter, compared to analysts' expectations of $823.99 million. During the same quarter in the previous year, the company posted $0.66 EPS. Donaldson's revenue for the quarter was up 11.5% on a year-over-year basis. Sell-side analysts forecast that Donaldson will post 2.69 EPS for the current year.
Donaldson Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Investors of record on Tuesday, August 16th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.92 annualized dividend and a yield of 1.68%. Donaldson's payout ratio is 36.65%.
Insider Buying and Selling at Donaldson
In other Donaldson news, Director Willard D. Oberton sold 7,200 shares of the business's stock in a transaction on Thursday, June 2nd. The shares were sold at an average price of $53.09, for a total transaction of $382,248.00. Following the sale, the director now owns 23,903 shares of the company's stock, valued at approximately $1,269,010.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.52% of the company's stock.