Zacks Investment Research lowered shares of Donaldson Company, Inc. (NYSE:DCI) from a hold rating to a sell rating in a research note released on Wednesday, November 8th.
According to Zacks, “In the past six months, Donaldson’s shares have underperformed the industry average. Issues like persistent weakness in key markets, including agriculture, oil and gas, mining equipment, decline in the disk drive business and volatility in sales of Gas Turbines, are anticipated to act as major headwinds going forward. Poor performance from Aerospace and Defense is making matters worse. The company also anticipates disk drive business to follow the market's secular decline. This apart, currency risks, intensifying competition and commodity price fluctuations add to the company’s concerns. However, Donaldson’s Engine Products segment has been showing great momentum, benefiting from stabilization in market conditions and robust sales of replacement parts. The company’s strategy of winning first-fit programs, constant geographic expansion and fostering innovative technology are likely to act as growth catalysts going forward.”
Other equities analysts also recently issued research reports about the company. BidaskClub upgraded Donaldson from a hold rating to a buy rating in a report on Thursday, July 13th. Jefferies Group LLC reissued a buy rating and issued a $54.00 price target on shares of Donaldson in a research note on Tuesday, October 3rd. SunTrust Banks, Inc. reissued a hold rating and issued a $46.00 price target on shares of Donaldson in a research note on Friday, October 27th. Stifel Nicolaus reaffirmed a hold rating on shares of Donaldson in a research report on Thursday, October 19th. Finally, Robert W. Baird reaffirmed a hold rating and set a $47.00 target price on shares of Donaldson in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $48.00.
Donaldson (NYSE:DCI) traded up $0.42 during midday trading on Wednesday, reaching $47.33. The company’s stock had a trading volume of 182,800 shares, compared to its average volume of 479,143. The company has a current ratio of 2.38, a quick ratio of 1.77 and a debt-to-equity ratio of 0.63. The firm has a market cap of $6,090.00, a P/E ratio of 27.76, a PEG ratio of 2.26 and a beta of 1.19. Donaldson has a 12-month low of $39.49 and a 12-month high of $48.91.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by ($0.02). The company had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. Donaldson’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.46 EPS. research analysts forecast that Donaldson will post 1.87 earnings per share for the current fiscal year.
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The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be paid a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, December 5th. This represents a $0.72 annualized dividend and a yield of 1.52%. Donaldson’s dividend payout ratio is currently 41.38%.
A number of institutional investors have recently added to or reduced their stakes in the business. GSA Capital Partners LLP raised its stake in Donaldson by 115.8% during the third quarter. GSA Capital Partners LLP now owns 31,880 shares of the industrial products company’s stock worth $1,465,000 after acquiring an additional 17,109 shares in the last quarter. Wolverine Trading LLC raised its stake in Donaldson by 41.6% during the third quarter. Wolverine Trading LLC now owns 6,655 shares of the industrial products company’s stock worth $306,000 after acquiring an additional 1,955 shares in the last quarter. Cubist Systematic Strategies LLC raised its stake in Donaldson by 501.0% during the third quarter. Cubist Systematic Strategies LLC now owns 51,227 shares of the industrial products company’s stock worth $2,353,000 after acquiring an additional 42,703 shares in the last quarter. Jane Street Group LLC acquired a new position in Donaldson during the third quarter worth $297,000. Finally, Magnetar Financial LLC bought a new stake in shares of Donaldson during the third quarter worth $201,000. Hedge funds and other institutional investors own 77.91% of the company’s stock.
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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