Donaldson (NYSE:DCI) Downgraded to “Hold” Rating by Wall Street Zen

Wall Street Zen lowered shares of Donaldson (NYSE:DCI) from a buy rating to a hold rating in a research report report published on Saturday,Wall Street Zen reports.

DCI has been the topic of a number of other research reports. Stifel Nicolaus set a $95.00 target price on shares of Donaldson in a research report on Friday, August 28th. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a report on Thursday, June 4th. Robert W. Baird lifted their price target on shares of Donaldson from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Thursday, August 27th. Finally, Weiss Ratings upgraded shares of Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $101.00.

Donaldson Stock Performance

Shares of DCI opened at $86.39 on Friday. The company has a current ratio of 2.08, a quick ratio of 1.41 and a debt-to-equity ratio of 0.73. The firm’s fifty day simple moving average is $92.21 and its two-hundred day simple moving average is $88.53. Donaldson has a 12 month low of $79.42 and a 12 month high of $112.84. The stock has a market capitalization of $10.01 billion, a P/E ratio of 22.44, a price-to-earnings-growth ratio of 1.99 and a beta of 0.92.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share for the quarter, topping 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 firm had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $1.03 EPS. The business’s quarterly revenue was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. As a group, analysts predict that Donaldson will post 4.34 EPS for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 31st. Investors of record on Monday, August 17th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is currently 33.25%.

Institutional Trading of Donaldson

Hedge funds and other institutional investors have recently bought and sold shares of the business. HB Wealth Management LLC lifted its stake in shares of Donaldson by 3.8% in the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock valued at $297,000 after buying an additional 129 shares in the last quarter. Blue Trust Inc. increased its position in shares of Donaldson by 4.8% during the first quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company’s stock worth $248,000 after acquiring an additional 133 shares in the last quarter. Bessemer Group Inc. increased its position in shares of Donaldson by 8.9% during the first quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company’s stock worth $145,000 after acquiring an additional 139 shares in the last quarter. Studio Investment Management LLC raised its holdings in shares of Donaldson by 1.6% in the 2nd quarter. Studio Investment Management LLC now owns 11,413 shares of the industrial products company’s stock worth $1,025,000 after acquiring an additional 185 shares during the last quarter. Finally, Perkins Capital Management Inc. raised its holdings in shares of Donaldson by 4.5% in the 1st quarter. Perkins Capital Management Inc. now owns 4,600 shares of the industrial products company’s stock worth $390,000 after acquiring an additional 200 shares during the last quarter. Institutional investors own 82.81% of the company’s stock.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts. Founded in 1915, the company develops products that help protect engines, equipment, manufacturing processes and people from airborne and liquid contaminants.

Donaldson’s products include air and liquid filters, dust and fume collectors, hydraulic and process filtration systems, exhaust and emissions solutions, and replacement filtration parts. Its technologies are used in applications such as heavy-duty and off-road equipment, agriculture, construction, mining, transportation, power generation, manufacturing, and other industrial operations.

The company serves original equipment manufacturers, distributors and end users through operations and sales channels spanning North America, Europe, Asia-Pacific and other international markets.