Donaldson Company, Inc. (DCI) Given Consensus Rating of “Buy” by Brokerages

Shares of Donaldson Company, Inc. (NYSE:DCI) have received a consensus recommendation of “Buy” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $56.75.

DCI has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, September 10th. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Oppenheimer restated a “hold” rating on shares of Donaldson in a research note on Sunday, October 14th. Finally, Stifel Nicolaus upped their price target on shares of Donaldson from $54.00 to $60.00 and gave the company a “hold” rating in a research note on Friday, September 14th.

Shares of NYSE DCI traded down $1.00 during trading hours on Thursday, hitting $51.28. 9,713 shares of the stock were exchanged, compared to its average volume of 556,523. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. The firm has a market cap of $6.72 billion, a PE ratio of 25.67, a price-to-earnings-growth ratio of 1.92 and a beta of 1.18. Donaldson has a 12 month low of $43.35 and a 12 month high of $59.43.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 6th. The industrial products company reported $0.58 EPS for the quarter, hitting the consensus estimate of $0.58. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The firm had revenue of $724.70 million during the quarter, compared to analyst estimates of $727.79 million. During the same quarter in the previous year, the business posted $0.51 EPS. Donaldson’s revenue was up 9.8% on a year-over-year basis. On average, equities research analysts anticipate that Donaldson will post 2.37 earnings per share for the current fiscal year.

In other Donaldson news, VP Richard Brent Lewis sold 3,209 shares of the company’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $58.99, for a total transaction of $189,298.91. Following the transaction, the vice president now owns 4,000 shares in the company, valued at approximately $235,960. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total transaction of $818,640.00. Following the completion of the sale, the director now owns 30,451 shares in the company, valued at approximately $1,731,139.35. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. Ledyard National Bank increased its stake in shares of Donaldson by 39.0% in the second quarter. Ledyard National Bank now owns 4,313 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 1,210 shares during the period. Natixis acquired a new stake in shares of Donaldson in the second quarter worth $200,000. Armstrong Henry H Associates Inc. acquired a new stake in shares of Donaldson in the third quarter worth $204,000. CIBC Asset Management Inc acquired a new stake in shares of Donaldson in the second quarter worth $210,000. Finally, Wedbush Securities Inc. acquired a new stake in shares of Donaldson in the second quarter worth $212,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.

Donaldson Company Profile

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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Analyst Recommendations for Donaldson (NYSE:DCI)

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