Donaldson Company, Inc. (DCI) Cut to “Hold” at BidaskClub

Donaldson Company, Inc. (NYSE:DCI) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a note issued to investors on Thursday.

Several other equities analysts have also recently weighed in on the stock. Zacks Investment Research raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Friday, May 12th. Jefferies Group LLC raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a research note on Wednesday, May 31st. Stifel Nicolaus reaffirmed a “hold” rating and set a $48.00 target price (up from $45.00) on shares of Donaldson Company in a research note on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson Company in a research note on Thursday, June 1st. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Donaldson Company currently has an average rating of “Hold” and an average target price of $48.25.

Analyst Recommendations for Donaldson Company (NYSE:DCI)

Donaldson Company (DCI) traded up 0.69% during mid-day trading on Thursday, hitting $45.41. 309,695 shares of the stock were exchanged. The stock has a market capitalization of $5.95 billion, a PE ratio of 27.03 and a beta of 1.14. Donaldson Company has a 52 week low of $33.22 and a 52 week high of $48.91. The company has a 50-day moving average of $46.59 and a 200-day moving average of $44.45.

Donaldson Company (NYSE:DCI) last posted its earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $608.20 million during the quarter, compared to analysts’ expectations of $580.44 million. Donaldson Company had a net margin of 9.72% and a return on equity of 28.12%. Donaldson Company’s quarterly revenue was up 6.5% on a year-over-year basis. During the same period last year, the company posted $0.43 earnings per share. On average, equities analysts predict that Donaldson Company will post ($0.38) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 28th. Shareholders of record on Monday, June 12th will be paid a $0.175 dividend. The ex-dividend date is Thursday, June 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.55%. Donaldson Company’s payout ratio is currently 41.92%.

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In other Donaldson Company news, Director John Wiehoff sold 14,400 shares of Donaldson Company stock in a transaction on Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total value of $667,152.00. Following the completion of the transaction, the director now directly owns 59,001 shares of the company’s stock, valued at approximately $2,733,516.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.88% of the company’s stock.

Several institutional investors have recently modified their holdings of DCI. BlackRock Inc. boosted its position in shares of Donaldson Company by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock worth $472,970,000 after buying an additional 10,206,564 shares during the last quarter. Norges Bank purchased a new stake in Donaldson Company during the fourth quarter valued at about $42,611,000. Vanguard Group Inc. raised its stake in Donaldson Company by 8.3% in the first quarter. Vanguard Group Inc. now owns 12,152,840 shares of the industrial products company’s stock valued at $553,197,000 after buying an additional 930,432 shares during the period. Bank of New York Mellon Corp raised its stake in Donaldson Company by 25.9% in the first quarter. Bank of New York Mellon Corp now owns 2,411,896 shares of the industrial products company’s stock valued at $109,787,000 after buying an additional 496,064 shares during the period. Finally, Renaissance Technologies LLC raised its stake in Donaldson Company by 185.4% in the fourth quarter. Renaissance Technologies LLC now owns 542,000 shares of the industrial products company’s stock valued at $22,807,000 after buying an additional 352,100 shares during the period. 78.78% of the stock is owned by institutional investors and hedge funds.

About Donaldson Company

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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