BidaskClub Lowers Donaldson Company, Inc. (NYSE:DCI) to Hold

BidaskClub downgraded shares of Donaldson Company, Inc. (NYSE:DCI) from a buy rating to a hold rating in a research note released on Monday, July 31st.

Several other brokerages have also commented on DCI. Jefferies Group LLC upgraded shares of Donaldson from a hold rating to a buy rating and set a $54.00 price target on the stock in a research note on Wednesday, May 31st. Zacks Investment Research lowered shares of Donaldson from a buy rating to a hold rating in a research note on Thursday, May 11th. Oppenheimer Holdings, Inc. restated a hold rating on shares of Donaldson in a research note on Thursday, June 1st. Finally, Stifel Nicolaus reiterated a hold rating and issued a $48.00 target price (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $48.25.

Shares of Donaldson (DCI) traded up 0.82% during mid-day trading on Monday, reaching $46.49. 328,741 shares of the company were exchanged. The company has a market capitalization of $6.09 billion, a price-to-earnings ratio of 27.67 and a beta of 1.22. Donaldson has a 12 month low of $35.59 and a 12 month high of $48.91. The firm’s 50-day moving average is $46.50 and its 200-day moving average is $45.37.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The company had revenue of $608.20 million for the quarter, compared to analyst estimates of $580.44 million. During the same quarter in the prior year, the business posted $0.43 EPS. Donaldson’s quarterly revenue was up 6.5% on a year-over-year basis. On average, equities analysts forecast that Donaldson will post ($0.38) earnings per share for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Investors of record on Tuesday, August 15th will be paid a $0.18 dividend. The ex-dividend date is Friday, August 11th. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 1.55%. Donaldson’s dividend payout ratio (DPR) is presently 41.92%.

In related news, Director Michael J. Hoffman sold 14,400 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $46.84, for a total value of $674,496.00. Following the transaction, the director now directly owns 41,473 shares in the company, valued at approximately $1,942,595.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of DCI. Clean Yield Group bought a new stake in Donaldson during the first quarter valued at about $109,000. TrimTabs Asset Management LLC bought a new stake in Donaldson during the first quarter valued at about $125,000. Schroder Investment Management Group bought a new stake in Donaldson during the first quarter valued at about $154,000. Mosaic Family Wealth LLC raised its stake in Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock valued at $192,000 after buying an additional 123 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Donaldson by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 78.83% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Analyst Recommendations for Donaldson (NYSE:DCI)

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