Donaldson Co. (NYSE:DCI) – Equities researchers at Jefferies Group issued their FY2019 earnings per share estimates for Donaldson in a research report issued on Tuesday. Jefferies Group analyst L. Alexander anticipates that the brokerage will post earnings of $2.05 per share for the year. Jefferies Group also issued estimates for Donaldson’s FY2020 earnings at $2.20 EPS.
A number of other analysts have also recently issued reports on the stock. TheStreet upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. CL King assumed coverage on shares of Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price target on the stock. Finally, Robert W. Baird lifted their price target on shares of Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson presently has a consensus rating of “Hold” and an average target price of $34.50.
Donaldson (NYSE:DCI) traded down 1.95% on Thursday, hitting $36.66. 538,595 shares of the stock were exchanged. Donaldson has a 1-year low of $25.21 and a 1-year high of $38.65. The company’s 50 day moving average is $37.06 and its 200 day moving average is $34.45. The stock has a market cap of $4.91 billion, a PE ratio of 25.82 and a beta of 1.04.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.49 by $0.03. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The business earned $593 million during the quarter, compared to the consensus estimate of $594.80 million. During the same quarter in the previous year, the business posted $0.45 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year.
A number of large investors have recently made changes to their positions in DCI. Northwestern Mutual Investment Management Company LLC raised its stake in shares of Donaldson by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 21,344 shares of the company’s stock valued at $733,000 after buying an additional 61 shares during the period. Capstone Asset Management Co. raised its stake in shares of Donaldson by 0.6% in the second quarter. Capstone Asset Management Co. now owns 12,519 shares of the company’s stock valued at $430,000 after buying an additional 70 shares during the period. Wetherby Asset Management Inc. raised its stake in shares of Donaldson by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 8,133 shares of the company’s stock valued at $279,000 after buying an additional 83 shares during the period. Trillium Asset Management LLC raised its stake in shares of Donaldson by 1.0% in the second quarter. Trillium Asset Management LLC now owns 28,032 shares of the company’s stock valued at $963,000 after buying an additional 281 shares during the period. Finally, Commonwealth Equity Services Inc raised its stake in shares of Donaldson by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 37,363 shares of the company’s stock valued at $1,284,000 after buying an additional 317 shares during the period. 81.46% of the stock is currently owned by hedge funds and other institutional investors.
In related news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the transaction, the director now owns 56,877 shares of the company’s stock, valued at $2,065,772.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 3.00% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were given a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date was Thursday, August 11th. Donaldson’s dividend payout ratio (DPR) is currently 49.30%.
Donaldson Company Profile
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.
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