Donaldson (NYSE:DCI) Sets New 52-Week Low – What’s Next?

Donaldson Company, Inc. (NYSE:DCI)’s share price reached a new 52-week low on Thursday . The company traded as low as $65.10 and last traded at $66.21, with a volume of 369 shares. The stock had previously closed at $68.30.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DCI shares. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Robert W. Baird boosted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley lifted their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $74.00.

Donaldson Price Performance

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 stock has a market capitalization of $7.73 billion, a PE ratio of 18.83, a PEG ratio of 1.82 and a beta of 1.01. The business has a fifty day moving average price of $69.24 and a 200-day moving average price of $71.53.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.67%. Donaldson’s payout ratio is currently 31.58%.

Insider Buying and Selling at Donaldson

In other news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Donaldson

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Colonial Trust Co SC bought a new position in Donaldson in the fourth quarter worth about $25,000. Smartleaf Asset Management LLC grew its position in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares during the last quarter. Johnson Financial Group Inc. increased its position in shares of Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock valued at $42,000 after acquiring an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC bought a new stake in shares of Donaldson in the 4th quarter worth $42,000. Finally, Venturi Wealth Management LLC increased its holdings in Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after buying an additional 369 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

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.