Donaldson (NYSE:DCI) Hits New 12-Month High at $56.99

Shares of Donaldson Company, Inc. (NYSE:DCI) reached a new 52-week high during trading on Thursday . The stock traded as high as $56.99 and last traded at $56.98, with a volume of 4657 shares. The stock had previously closed at $56.43.

Several research firms have commented on DCI. Stifel Nicolaus set a $50.00 target price on shares of Donaldson and gave the stock a “hold” rating in a research report on Friday, September 6th. ValuEngine downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, December 4th.

The company has a quick ratio of 1.50, a current ratio of 2.18 and a debt-to-equity ratio of 0.71. The company has a market capitalization of $7.01 billion, a P/E ratio of 25.79, a P/E/G ratio of 3.13 and a beta of 1.45. The company’s 50-day simple moving average is $54.82 and its 200 day simple moving average is $50.90.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). The business had revenue of $672.70 million during the quarter, compared to the consensus estimate of $699.34 million. Donaldson had a return on equity of 30.87% and a net margin of 9.17%. The business’s revenue was down 4.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.56 earnings per share. As a group, equities research analysts forecast that Donaldson Company, Inc. will post 2.26 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Tuesday, December 10th will be given a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio is 38.01%.

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC lifted its stake in shares of Donaldson by 335.0% in the third quarter. Millennium Management LLC now owns 734,664 shares of the industrial products company’s stock worth $38,261,000 after buying an additional 565,759 shares during the last quarter. Nuveen Asset Management LLC acquired a new stake in shares of Donaldson in the second quarter worth $16,423,000. State Street Corp lifted its stake in shares of Donaldson by 5.6% in the third quarter. State Street Corp now owns 5,834,296 shares of the industrial products company’s stock worth $303,850,000 after buying an additional 311,084 shares during the last quarter. Janus Henderson Group PLC lifted its stake in shares of Donaldson by 7.2% in the second quarter. Janus Henderson Group PLC now owns 4,420,603 shares of the industrial products company’s stock worth $224,832,000 after buying an additional 296,782 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D acquired a new stake in shares of Donaldson in the third quarter worth $7,067,000. 80.30% of the stock is owned by institutional investors.

Donaldson Company Profile (NYSE:DCI)

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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