Donaldson Company, Inc. (NYSE:DCI) Stock Has Average Target Price of $101.67 According to Analysts

Donaldson Company, Inc. (NYSE:DCI) has received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $101.67.

A number of brokerages have issued reports on DCI. Morgan Stanley lifted their price objective on Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, September 29th. Wall Street Zen lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, September 19th. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research report on Friday, August 28th. Robert W. Baird increased their target price on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Finally, Weiss Ratings raised shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th.

Institutional Trading of Donaldson

Hedge funds have recently modified their holdings of the company. Allworth Financial LP acquired a new stake in Donaldson during the 2nd quarter valued at $29,000. Trust Co. of Vermont bought a new position in Donaldson in the 2nd quarter valued at $31,000. Next Level Wealth Planning LLC acquired a new position in Donaldson in the third quarter worth $47,000. Jacobi Capital Management LLC acquired a new position in Donaldson in the third quarter worth $66,000. Finally, Sachetta LLC bought a new stake in shares of Donaldson during the first quarter worth $65,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Performance

NYSE:DCI opened at $88.06 on Thursday. Donaldson has a 12-month low of $79.61 and a 12-month high of $112.84. The company has a quick ratio of 1.41, a current ratio of 2.08 and a debt-to-equity ratio of 0.73. The firm has a 50-day moving average price of $87.29 and a 200 day moving average price of $90.34. The firm has a market capitalization of $10.20 billion, a PE ratio of 22.87, a price-to-earnings-growth ratio of 1.97 and a beta of 0.88.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. Donaldson had a return on equity of 28.68% and a net margin of 11.68%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. During the same quarter in the previous year, the firm earned $1.03 EPS. Donaldson’s quarterly revenue was up 8.0% on a year-over-year basis. Research analysts anticipate that Donaldson will post 4.33 earnings per share for the current fiscal year.

About Donaldson

Donaldson Company, Inc is a global manufacturer of filtration systems and replacement parts. Founded in 1915, the company serves customers in industries including agriculture, construction, mining, transportation, manufacturing, and life sciences.

Its products include air, liquid, fuel, and lubricating-oil filters for engines and equipment, as well as dust-collection systems and filtration solutions for compressed air and gas. Donaldson also provides filtration technologies for applications such as food and beverage production, bioprocessing, and other life sciences uses.

Headquartered in Bloomington, Minnesota, Donaldson serves customers around the world through its manufacturing, distribution, and service operations.