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

Shares of Donaldson Company, Inc. (NYSE:DCI) have earned an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $101.00.

Several research firms recently issued reports on DCI. Robert W. Baird increased their price target on shares of Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Stifel Nicolaus set a $95.00 price target on Donaldson in a research note on Friday.

Donaldson Stock Performance

NYSE:DCI opened at $91.81 on Friday. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.55. The firm has a market cap of $10.64 billion, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 2.14 and a beta of 0.92. The firm’s fifty day moving average price is $92.01 and its 200 day moving average price is $90.33. Donaldson has a 1-year low of $78.52 and a 1-year high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, August 26th. The industrial products company reported $1.15 EPS for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The company had revenue of $1.06 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $1.03 EPS. Donaldson’s quarterly revenue was up 8.0% on a year-over-year basis. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. On average, sell-side analysts expect that Donaldson will post 4.32 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. Donaldson’s dividend payout ratio (DPR) is 34.41%.

Hedge Funds Weigh In On Donaldson

A number of institutional investors and hedge funds have recently made changes to their positions in DCI. California State Teachers Retirement System lifted its stake in shares of Donaldson by 9,050.0% in the second quarter. California State Teachers Retirement System now owns 12,085,645 shares of the industrial products company’s stock valued at $1,084,928,000 after purchasing an additional 11,953,562 shares during the period. BlackRock Inc. acquired a new position in Donaldson during the second quarter worth about $1,072,012,000. Pictet Asset Management Holding SA grew its position in Donaldson by 10,438.1% during the first quarter. Pictet Asset Management Holding SA now owns 1,801,481 shares of the industrial products company’s stock worth $152,873,000 after buying an additional 1,784,386 shares during the period. William Blair Investment Management LLC increased its holdings in Donaldson by 26,235.7% in the fourth quarter. William Blair Investment Management LLC now owns 1,707,872 shares of the industrial products company’s stock valued at $151,420,000 after buying an additional 1,701,387 shares in the last quarter. Finally, Norges Bank purchased a new position in Donaldson in the fourth quarter valued at about $120,186,000. 82.81% of the stock is owned by institutional investors and hedge funds.

About Donaldson

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.