Donaldson Company, Inc. (NYSE:DCI) – Stock analysts at Oppenheimer Holdings issued their Q1 2018 EPS estimates for Donaldson in a research report issued on Thursday. Oppenheimer Holdings analyst J. Giannakouros expects that the industrial products company will earn $0.41 per share for the quarter. Oppenheimer Holdings currently has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Donaldson’s Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.55 EPS and FY2019 earnings at $2.05 EPS.
DCI has been the topic of several other reports. Stifel Nicolaus reiterated a “hold” rating and issued a $48.00 price objective (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $49.50.
Donaldson (NYSE DCI) opened at 43.51 on Monday. The company’s 50-day moving average price is $46.76 and its 200-day moving average price is $46.01. The firm has a market cap of $5.70 billion, a price-to-earnings ratio of 25.90 and a beta of 1.21. Donaldson has a 52-week low of $35.80 and a 52-week high of $48.91.
Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.02. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The company had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year.
Several hedge funds have recently added to or reduced their stakes in the company. Schroder Investment Management Group bought a new stake in Donaldson during the 1st quarter worth approximately $154,000. Northwestern Mutual Wealth Management Co. grew its position in Donaldson by 5.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after acquiring an additional 217 shares during the last quarter. Tyers Asset Management LLC grew its position in Donaldson by 16.5% during the 1st quarter. Tyers Asset Management LLC now owns 4,416 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 624 shares during the last quarter. Mosaic Family Wealth LLC grew its position in Donaldson by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after acquiring an additional 213 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware bought a new stake in Donaldson during the 1st quarter worth approximately $202,000. Institutional investors own 77.91% of the company’s stock.
In other news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total value of $667,152.00. Following the sale, the director now directly owns 59,001 shares in the company, valued at approximately $2,733,516.33. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th were paid a $0.18 dividend. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 annualized dividend and a dividend yield of 1.65%. The ex-dividend date of this dividend was Friday, August 11th. Donaldson’s dividend payout ratio is currently 41.38%.
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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