Donaldson (NYSE:DCI) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Donaldson (NYSE:DCI) from a buy rating to a hold rating in a research note issued to investors on Saturday morning.

Other analysts also recently issued research reports about the stock. Stifel Nicolaus lowered their target price on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Finally, Weiss Ratings raised shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Stock Up 1.9%

Shares of NYSE:DCI opened at $94.39 on Friday. The business’s 50 day moving average is $87.82 and its 200 day moving average is $91.27. Donaldson has a 12-month low of $70.17 and a 12-month high of $112.84. The stock has a market cap of $10.94 billion, a price-to-earnings ratio of 25.37, a PEG ratio of 2.38 and a beta of 0.93. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35.

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

Donaldson Increases Dividend

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

Institutional Investors Weigh In On Donaldson

A number of hedge funds have recently made changes to their positions in DCI. Northwestern Mutual Wealth Management Co. increased its stake in shares of Donaldson by 3,094.9% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 44,377 shares of the industrial products company’s stock worth $3,934,000 after purchasing an additional 42,988 shares during the last quarter. Artemis Investment Management LLP purchased a new position in Donaldson in the fourth quarter valued at approximately $1,494,000. Robeco Institutional Asset Management B.V. purchased a new position in Donaldson in the fourth quarter valued at approximately $17,105,000. Swedbank AB grew its holdings in Donaldson by 2.6% during the fourth quarter. Swedbank AB now owns 528,100 shares of the industrial products company’s stock valued at $46,821,000 after purchasing an additional 13,300 shares during the period. Finally, AEGON ASSET MANAGEMENT UK Plc bought a new position in Donaldson during the fourth quarter valued at $2,004,000. 82.81% of the stock is currently owned by institutional investors.

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.