Donaldson Company, Inc. (NYSE:DCI) – Investment analysts at Oppenheimer cut their Q3 2018 earnings per share estimates for shares of Donaldson in a research note issued on Tuesday, according to Zacks Investment Research. Oppenheimer analyst J. Giannakouros now expects that the industrial products company will earn $0.52 per share for the quarter, down from their prior estimate of $0.54. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Donaldson’s Q4 2018 earnings at $0.56 EPS and FY2018 earnings at $1.97 EPS.
DCI has been the topic of several other reports. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a report on Thursday, March 8th. TheStreet lowered shares of Donaldson from an “a-” rating to a “c+” rating in a report on Tuesday, March 6th. Gabelli raised shares of Donaldson from a “neutral” rating to a “buy” rating in a report on Wednesday, March 7th. They noted that the move was a valuation call. Stifel Nicolaus reissued a “hold” rating and set a $53.00 price objective (up from $50.00) on shares of Donaldson in a report on Tuesday, January 16th. Finally, SunTrust Banks reissued a “hold” rating and set a $50.00 price objective on shares of Donaldson in a report on Friday, December 1st. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $51.00.
Donaldson (NYSE DCI) traded up $0.25 during midday trading on Friday, reaching $45.26. 886,237 shares of the company’s stock traded hands, compared to its average volume of 516,607. The company has a quick ratio of 2.15, a current ratio of 2.94 and a debt-to-equity ratio of 0.81. Donaldson has a fifty-two week low of $42.59 and a fifty-two week high of $52.20. The stock has a market capitalization of $5,879.64, a price-to-earnings ratio of 44.37, a P/E/G ratio of 2.06 and a beta of 1.12.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, March 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.01). Donaldson had a return on equity of 29.25% and a net margin of 5.29%. The firm had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $630.53 million. During the same period in the prior year, the firm posted $0.35 earnings per share. Donaldson’s revenue for the quarter was up 20.7% compared to the same quarter last year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisor Group Inc. grew its holdings in shares of Donaldson by 91.3% during the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock valued at $154,000 after buying an additional 1,498 shares during the last quarter. Fuller & Thaler Asset Management Inc. lifted its position in Donaldson by 51.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock valued at $158,000 after purchasing an additional 1,100 shares during the period. CIBC Asset Management Inc acquired a new position in Donaldson during the third quarter valued at $201,000. Magnetar Financial LLC acquired a new position in Donaldson during the third quarter valued at $201,000. Finally, ETRADE Capital Management LLC acquired a new position in Donaldson during the fourth quarter valued at $202,000. 79.18% of the stock is currently owned by hedge funds and other institutional investors.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 6th. Stockholders of record on Wednesday, February 14th were issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date was Tuesday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 70.59%.
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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