Donaldson (NYSE:DCI) Upgraded by Wall Street Zen to “Buy” Rating

Wall Street Zen upgraded shares of Donaldson (NYSE:DCI) from a hold rating to a buy rating in a research note published on Sunday morning.

Several other analysts have also commented on DCI. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th. Finally, Stifel Nicolaus decreased their target price on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $97.83.

Donaldson Stock Performance

Shares of NYSE DCI opened at $98.72 on Friday. The company has a market capitalization of $11.44 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 2.26 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The company’s fifty day moving average price is $89.25 and its 200 day moving average price is $91.16. Donaldson has a 1 year low of $71.79 and a 1 year high of $112.84.

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

Donaldson Announces Dividend

The company also recently disclosed 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 is Monday, August 17th. This represents a $1.28 dividend on an annualized basis and a yield of 1.3%. Donaldson’s dividend payout ratio (DPR) is presently 34.41%.

Institutional Investors Weigh In On Donaldson

Large investors have recently modified their holdings of the business. Trust Co. of Vermont acquired a new stake in shares of Donaldson in the second quarter valued at about $31,000. Leonteq Securities AG acquired a new position in Donaldson during the fourth quarter worth about $40,000. Eagle Bay Advisors LLC acquired a new position in Donaldson during the fourth quarter worth about $45,000. Clearstead Advisors LLC boosted its position in Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 288 shares during the last quarter. Finally, Strive Financial Group LLC purchased a new stake in Donaldson during the 4th quarter valued at about $57,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

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.