Analysts Set Donaldson Company, Inc. (NYSE:DCI) Price Target at $100.20

Donaldson Company, Inc. (NYSE:DCI) has earned an average recommendation of “Hold” from the five analysts that are currently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $100.20.

Several equities research analysts recently issued reports on the company. Weiss Ratings lowered Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Robert W. Baird lowered their target price on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, March 30th. Morgan Stanley dropped their target price on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Wall Street Zen downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Finally, Jefferies Financial Group lifted their price target on shares of Donaldson to $123.00 and gave the company a “buy” rating in a report on Monday, February 2nd.

Insider Buying and Selling

In other news, Director James Owens sold 13,753 shares of the company’s stock in a transaction that occurred on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the transaction, the director directly owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. This represents a 37.87% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 19,800 shares of company stock valued at $1,765,184 in the last three months. Insiders own 2.20% of the company’s stock.

Hedge Funds Weigh In On Donaldson

Several large investors have recently bought and sold shares of DCI. Verdence Capital Advisors LLC raised its stake in shares of Donaldson by 1.2% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock worth $763,000 after buying an additional 101 shares in the last quarter. TIAA Trust National Association boosted its stake in Donaldson by 2.0% during the fourth quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock valued at $496,000 after buying an additional 108 shares in the last quarter. Perigon Wealth Management LLC boosted its stake in Donaldson by 3.6% during the fourth quarter. Perigon Wealth Management LLC now owns 3,440 shares of the industrial products company’s stock valued at $305,000 after buying an additional 118 shares in the last quarter. Signaturefd LLC grew its holdings in Donaldson by 9.6% during the fourth quarter. Signaturefd LLC now owns 1,403 shares of the industrial products company’s stock worth $124,000 after acquiring an additional 123 shares during the period. Finally, HB Wealth Management LLC grew its holdings in Donaldson by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock worth $297,000 after acquiring an additional 129 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Up 0.5%

NYSE:DCI opened at $82.38 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29. The company has a market capitalization of $9.54 billion, a price-to-earnings ratio of 25.75, a price-to-earnings-growth ratio of 2.06 and a beta of 0.99. Donaldson has a one year low of $67.71 and a one year high of $112.84. The stock has a 50-day simple moving average of $86.51 and a 200 day simple moving average of $91.98.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). The firm had revenue of $896.30 million for the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company’s quarterly revenue was up 3.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.83 EPS. Sell-side analysts predict that Donaldson will post 3.97 EPS for the current fiscal year.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.