Donaldson (NYSE:DCI) Downgraded by StockNews.com to “Buy”

Donaldson (NYSE:DCI) was downgraded by investment analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Monday.

DCI has been the topic of several other reports. Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Morgan Stanley upped their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Price Performance

Shares of NYSE DCI traded up $0.48 during mid-day trading on Monday, reaching $66.99. The company had a trading volume of 575,615 shares, compared to its average volume of 457,928. Donaldson has a 1-year low of $62.77 and a 1-year high of $78.95. The stock has a market cap of $8.00 billion, a PE ratio of 19.47, a P/E/G ratio of 1.89 and a beta of 1.06. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $72.50 and a two-hundred day moving average price of $72.64.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. On average, equities analysts anticipate that Donaldson will post 3.64 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now owns 26,420 shares in the company, valued at $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Large investors have recently bought and sold shares of the business. UMB Bank n.a. boosted its stake in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares in the last quarter. Capital Performance Advisors LLP bought a new stake in Donaldson during the third quarter worth approximately $41,000. V Square Quantitative Management LLC grew its holdings in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 301 shares during the period. Finally, Headlands Technologies LLC lifted its stake in shares of Donaldson by 221.0% in the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock worth $72,000 after buying an additional 696 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

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.