Donaldson Company, Inc. (NYSE:DCI) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Donaldson Company, Inc. (NYSE:DCI) have received an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat 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 12-month price target among analysts that have issued ratings on the stock in the last year is $97.8333.

A number of brokerages have recently issued reports on DCI. Stifel Nicolaus dropped their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Sunday, July 12th. Robert W. Baird reduced their price target on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Finally, Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th.

Donaldson Stock Up 0.4%

Shares of NYSE:DCI opened at $93.18 on Tuesday. The firm has a fifty day moving average price of $86.94 and a two-hundred day moving average price of $91.24. The company has a market cap of $10.80 billion, a price-to-earnings ratio of 25.05, a PEG ratio of 2.35 and a beta of 0.93. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. Donaldson has a one year low of $70.17 and a one year high of $112.84.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The firm had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. During the same quarter in the prior year, the firm posted $0.99 earnings per share. The business’s quarterly revenue was up 5.9% on a year-over-year basis. Analysts anticipate that Donaldson will post 3.96 EPS for the current fiscal year.

Donaldson Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. This is a positive change from Donaldson’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, June 15th. Donaldson’s dividend payout ratio is currently 34.41%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of DCI. Verdence Capital Advisors LLC boosted its stake in Donaldson by 1.2% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock worth $763,000 after acquiring an additional 101 shares in the last quarter. TIAA Trust National Association increased its stake in shares of 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 purchasing an additional 108 shares in the last quarter. Perigon Wealth Management LLC increased its stake in shares of 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 purchasing an additional 118 shares in the last quarter. Signaturefd LLC lifted its holdings in shares of Donaldson by 9.6% during the fourth quarter. Signaturefd LLC now owns 1,403 shares of the industrial products company’s stock valued at $124,000 after purchasing an additional 123 shares during the last quarter. Finally, HB Wealth Management LLC lifted its holdings in shares of Donaldson by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock valued at $297,000 after purchasing an additional 129 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.