Robert W. Baird Cuts Donaldson (NYSE:DCI) Price Target to $95.00

Donaldson (NYSE:DCI) had its price objective reduced by Robert W. Baird from $104.00 to $95.00 in a research note issued to investors on Monday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Other equities research analysts have also issued research reports about the company. Stifel Nicolaus lifted their price target on Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. UBS Group set a $96.00 target price on Donaldson in a research note on Tuesday, February 24th. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Morgan Stanley decreased their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Donaldson has an average rating of “Moderate Buy” and a consensus target price of $100.20.

Donaldson Price Performance

Shares of NYSE:DCI opened at $86.13 on Monday. The company’s fifty day moving average price is $96.76 and its 200-day moving average price is $90.83. The firm has a market capitalization of $9.97 billion, a price-to-earnings ratio of 26.91, a PEG ratio of 2.14 and a beta of 1.02. Donaldson has a one year low of $57.45 and a one year high of $112.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, February 26th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company had revenue of $896.30 million for the quarter, compared to the consensus estimate of $898.64 million. During the same period in the prior year, the firm posted $0.83 earnings per share. The business’s revenue was up 3.0% on a year-over-year basis. Donaldson has set its FY 2026 guidance at 3.930-4.010 EPS. On average, equities research analysts anticipate that Donaldson will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, February 12th. This represents a $1.20 annualized dividend and a yield of 1.4%. Donaldson’s dividend payout ratio is currently 37.50%.

Hedge Funds Weigh In On Donaldson

A number of large investors have recently bought and sold shares of the stock. Vericrest Private Wealth purchased a new stake in shares of Donaldson during the fourth quarter valued at approximately $236,000. Corient Private Wealth LLC grew its holdings in shares of Donaldson by 22.4% in the fourth quarter. Corient Private Wealth LLC now owns 52,749 shares of the industrial products company’s stock worth $4,696,000 after purchasing an additional 9,650 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new position in shares of Donaldson in the fourth quarter worth $104,000. MidFirst Bank purchased a new position in shares of Donaldson in the fourth quarter worth $176,000. Finally, Kera Capital Partners Inc. raised its holdings in Donaldson by 34.1% during the 4th quarter. Kera Capital Partners Inc. now owns 6,897 shares of the industrial products company’s stock valued at $611,000 after buying an additional 1,754 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

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.