Donaldson Company, Inc. (NYSE:DCI) Receives $53.00 Consensus PT from Analysts

Shares of Donaldson Company, Inc. (NYSE:DCI) have received an average recommendation of “Hold” from the six brokerages that are currently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a hold rating. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $53.00.

Separately, Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price target on the stock in a research note on Monday, May 27th.

Donaldson stock traded down $0.44 during trading hours on Wednesday, hitting $48.49. 319,620 shares of the stock were exchanged, compared to its average volume of 417,926. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.82 and a current ratio of 2.63. The stock has a market capitalization of $6.27 billion, a P/E ratio of 24.25, a P/E/G ratio of 1.89 and a beta of 1.43. Donaldson has a 12 month low of $40.27 and a 12 month high of $59.43. The business’s 50-day moving average is $48.98 and its two-hundred day moving average is $49.99.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). The firm had revenue of $713.00 million for the quarter, compared to the consensus estimate of $745.05 million. Donaldson had a return on equity of 32.30% and a net margin of 10.96%. Donaldson’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 earnings per share. On average, equities analysts predict that Donaldson will post 2.21 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Monday, August 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.73%. Donaldson’s payout ratio is presently 42.00%.

In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $47.88, for a total value of $689,472.00. Following the transaction, the director now directly owns 66,860 shares of the company’s stock, valued at $3,201,256.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.35% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of DCI. Nomura Asset Management Co. Ltd. acquired a new stake in Donaldson in the second quarter worth $36,000. Meeder Asset Management Inc. acquired a new stake in Donaldson in the second quarter worth $66,000. Buffington Mohr McNeal acquired a new stake in Donaldson in the first quarter worth $67,000. Dougherty Wealth Advisers LLC raised its holdings in Donaldson by 193.4% in the second quarter. Dougherty Wealth Advisers LLC now owns 1,517 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 1,000 shares during the period. Finally, Griffin Asset Management Inc. acquired a new stake in Donaldson in the second quarter worth $81,000. Institutional investors own 80.61% of the company’s stock.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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