Donaldson Company, Inc. (NYSE:DCI) – Stock analysts at SunTrust Banks lifted their FY2018 earnings per share (EPS) estimates for shares of Donaldson in a research report issued to clients and investors on Tuesday. SunTrust Banks analyst C. Brady now forecasts that the industrial products company will post earnings of $2.15 per share for the year, up from their previous forecast of $1.99. SunTrust Banks has a “Hold” rating and a $50.00 price target on the stock. SunTrust Banks also issued estimates for Donaldson’s FY2019 earnings at $2.40 EPS.
Several other analysts have also recently commented on DCI. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Monday, November 27th. Jefferies Group restated a “buy” rating and issued a $57.00 target price on shares of Donaldson in a research note on Friday, December 1st. Oppenheimer restated a “hold” rating on shares of Donaldson in a research note on Friday, December 1st. Finally, Stifel Nicolaus restated a “hold” rating on shares of Donaldson in a research note on Thursday, October 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $50.60.
Shares of Donaldson (DCI) traded up $0.96 during trading on Thursday, reaching $50.43. 544,400 shares of the company’s stock traded hands, compared to its average volume of 456,837. Donaldson has a 52 week low of $41.46 and a 52 week high of $50.45. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. The stock has a market cap of $6,550.00, a P/E ratio of 28.49, a P/E/G ratio of 2.25 and a beta of 1.20.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The company had revenue of $644.80 million for the quarter, compared to the consensus estimate of $602.02 million. During the same period last year, the firm posted ($0.05) EPS. Donaldson’s revenue for the quarter was up 16.6% on a year-over-year basis.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Donaldson by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,319,252 shares of the industrial products company’s stock valued at $561,018,000 after purchasing an additional 166,412 shares during the period. BlackRock Inc. lifted its stake in shares of Donaldson by 1.9% in the second quarter. BlackRock Inc. now owns 10,590,302 shares of the industrial products company’s stock valued at $482,282,000 after purchasing an additional 199,946 shares during the period. FMR LLC lifted its stake in shares of Donaldson by 1.9% in the second quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock valued at $86,573,000 after purchasing an additional 34,711 shares during the period. Kayne Anderson Rudnick Investment Management LLC lifted its stake in shares of Donaldson by 2.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,885,348 shares of the industrial products company’s stock valued at $86,613,000 after purchasing an additional 43,552 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in Donaldson by 163.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock valued at $67,381,000 after acquiring an additional 918,729 shares in the last quarter. Hedge funds and other institutional investors own 77.63% of the company’s stock.
In related news, insider Melissa A. Osland sold 1,453 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $48.26, for a total value of $70,121.78. Following the completion of the sale, the insider now owns 4,174 shares in the company, valued at $201,437.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.09% of the stock is currently owned by company insiders.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th were paid a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Tuesday, December 5th. Donaldson’s dividend payout ratio (DPR) is presently 40.68%.
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Donaldson Company Profile
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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