Stifel Nicolaus reiterated their hold rating on shares of Donaldson Company, Inc. (NYSE:DCI) in a research note issued to investors on Friday morning, MarketBeat reports. Stifel Nicolaus currently has a $45.00 price objective on the industrial products company’s stock, down from their previous price objective of $48.00.
A number of other analysts have also recently weighed in on the company. Robert W. Baird reaffirmed a hold rating and issued a $47.00 price target on shares of Donaldson in a research report on Friday. Oppenheimer Holdings, Inc. reaffirmed a hold rating on shares of Donaldson in a research report on Thursday, September 7th. BidaskClub raised Donaldson from a hold rating to a buy rating in a research report on Wednesday, August 23rd. Zacks Investment Research cut Donaldson from a buy rating to a hold rating in a research report on Wednesday, August 9th. Finally, Jefferies Group LLC raised Donaldson from a hold rating to a buy rating and set a $54.00 price target for the company in a research report on Wednesday, May 31st. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donaldson currently has an average rating of Hold and a consensus price target of $49.50.
Shares of Donaldson (NYSE DCI) opened at 43.51 on Friday. Donaldson has a 1-year low of $35.80 and a 1-year high of $48.91. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 25.90 and a beta of 1.21. The stock has a 50 day moving average price of $46.76 and a 200-day moving average price of $46.01.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The company had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same period in the prior year, the firm earned $0.46 EPS. Donaldson’s quarterly revenue was up 11.2% on a year-over-year basis. On average, equities research analysts expect that Donaldson will post ($0.38) earnings per share for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a $0.18 dividend. The ex-dividend date was Friday, August 11th. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.65%. Donaldson’s payout ratio is presently 41.38%.
In other news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total value of $667,152.00. Following the transaction, the director now directly owns 59,001 shares in the company, valued at $2,733,516.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.88% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC increased its stake in shares of Donaldson by 6.9% in the second quarter. Advisory Services Network LLC now owns 6,906 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 443 shares during the period. Koch Industries Inc. bought a new position in shares of Donaldson in the second quarter worth about $618,000. 1st Global Advisors Inc. increased its stake in shares of Donaldson by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 48 shares during the period. Verition Fund Management LLC bought a new position in shares of Donaldson in the second quarter worth about $221,000. Finally, Ameritas Investment Partners Inc. increased its stake in shares of Donaldson by 1.2% in the second quarter. Ameritas Investment Partners Inc. now owns 49,432 shares of the industrial products company’s stock worth $2,250,000 after purchasing an additional 603 shares during the period. Institutional investors and hedge funds own 77.91% of the company’s stock.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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