StockNews.com Lowers Donaldson (NYSE:DCI) to Buy

StockNews.com cut shares of Donaldson (NYSE:DCI) from a strong-buy rating to a buy rating in a report published on Wednesday.

Several other equities analysts also recently weighed in on DCI. Raymond James started coverage on shares of Donaldson in a research note on Friday, June 28th. They issued a market perform rating for the company. Robert W. Baird reduced their price objective on shares of Donaldson from $80.00 to $79.00 and set an outperform rating for the company in a research note on Monday, June 3rd. Finally, Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a hold rating on the stock in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Donaldson currently has an average rating of Hold and a consensus target price of $69.67.

Donaldson Price Performance

Donaldson stock opened at $69.74 on Wednesday. The company has a current ratio of 1.84, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. The business’s 50 day simple moving average is $72.39 and its 200 day simple moving average is $72.72. Donaldson has a 12 month low of $57.05 and a 12 month high of $78.03. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.89 and a beta of 1.05.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. The company had revenue of $927.90 million during the quarter, compared to the consensus estimate of $915.84 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.76 EPS. Sell-side analysts forecast that Donaldson will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a yield of 1.55%. Donaldson’s dividend payout ratio is currently 33.44%.

Insiders Place Their Bets

In other news, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Several large investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of Donaldson in the 2nd quarter valued at about $1,075,000. Truist Financial Corp increased its position in shares of Donaldson by 16.4% in the second quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company’s stock worth $408,000 after purchasing an additional 804 shares during the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in Donaldson in the second quarter valued at approximately $202,000. Quarry LP lifted its position in Donaldson by 174.5% during the second quarter. Quarry LP now owns 1,650 shares of the industrial products company’s stock valued at $118,000 after purchasing an additional 1,049 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Donaldson by 185.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock worth $91,000 after buying an additional 825 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

About Donaldson

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.