Donaldson Company, Inc. (NYSE:DCI) – Equities research analysts at Jefferies Group increased their Q4 2018 earnings per share estimates for shares of Donaldson in a research note issued on Thursday, Zacks Investment Research reports. Jefferies Group analyst L. Alexander now forecasts that the industrial products company will post earnings of $0.58 per share for the quarter, up from their previous forecast of $0.55. Jefferies Group has a “Buy” rating and a $57.00 price objective on the stock. Jefferies Group also issued estimates for Donaldson’s Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.63 EPS.
Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The business had revenue of $644.80 million during the quarter, compared to analyst estimates of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.05) earnings per share.
A number of other equities research analysts have also issued reports on the company. SunTrust Banks reaffirmed a “hold” rating and set a $50.00 target price on shares of Donaldson in a research report on Friday, December 1st. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research report on Friday, December 1st. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Monday, November 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $50.60.
Shares of Donaldson (NYSE:DCI) traded up $0.64 during trading on Monday, hitting $48.59. The stock had a trading volume of 860,394 shares, compared to its average volume of 479,370. The firm has a market capitalization of $6,307.01, a price-to-earnings ratio of 27.43, a PEG ratio of 2.21 and a beta of 1.21. The company has a quick ratio of 2.13, a current ratio of 2.90 and a debt-to-equity ratio of 0.72. Donaldson has a 12 month low of $41.28 and a 12 month high of $50.10.
A number of large investors have recently bought and sold shares of the stock. Alps Advisors Inc. raised its position in Donaldson by 0.3% during the second quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock valued at $490,000 after buying an additional 28 shares during the period. 1st Global Advisors Inc. increased its position in Donaldson by 0.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 48 shares during the last quarter. Cadence Capital Management LLC increased its position in Donaldson by 0.4% in the 2nd quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock worth $1,389,000 after purchasing an additional 123 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in Donaldson by 0.5% in the 2nd quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock worth $1,208,000 after purchasing an additional 137 shares during the last quarter. Finally, Mosaic Family Wealth LLC increased its position in Donaldson by 5.1% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after purchasing an additional 213 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.
In related news, insider Melissa A. Osland sold 1,453 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $48.26, for a total transaction of $70,121.78. Following the transaction, the insider now directly owns 4,174 shares of the company’s stock, valued at $201,437.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.09% of the stock is currently owned by insiders.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, December 5th. Donaldson’s payout ratio is 40.68%.
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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