Donaldson Company, Inc. (NYSE:DCI) – Investment analysts at SunTrust Banks cut their Q4 2018 earnings estimates for Donaldson in a research report issued on Monday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings per share of $0.56 for the quarter, down from their previous forecast of $0.58. SunTrust Banks also issued estimates for Donaldson’s Q1 2019 earnings at $0.47 EPS, Q2 2019 earnings at $0.43 EPS, Q3 2019 earnings at $0.55 EPS, Q4 2019 earnings at $0.63 EPS and FY2019 earnings at $2.09 EPS.
Other equities analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Wednesday, May 31st. Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, May 31st. BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Stifel Nicolaus set a $48.00 price objective on shares of Donaldson and gave the stock a “hold” rating in a report on Friday, August 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donaldson has an average rating of “Hold” and a consensus price target of $49.50.
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Donaldson (NYSE:DCI) traded up 1.00% during mid-day trading on Wednesday, reaching $44.65. 212,537 shares of the company traded hands. Donaldson has a 52-week low of $35.80 and a 52-week high of $48.91. The firm’s 50-day moving average is $46.58 and its 200 day moving average is $46.00. The stock has a market capitalization of $5.85 billion, a PE ratio of 26.58 and a beta of 1.21.
Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the 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 business had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $634.41 million. During the same quarter last year, the company earned $0.46 EPS. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.63%. The ex-dividend date was Friday, August 11th. This is an increase from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s payout ratio is currently 41.38%.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of Donaldson 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 owns 59,001 shares of the company’s stock, valued at $2,733,516.33. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.88% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in DCI. Schroder Investment Management Group acquired a new position in shares of Donaldson during the first quarter valued at $154,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Donaldson by 5.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 217 shares during the period. Mckinley Capital Management LLC Delaware acquired a new position in shares of Donaldson during the first quarter valued at $202,000. Mosaic Family Wealth LLC boosted its holdings in shares of Donaldson by 5.1% during the second quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after acquiring an additional 213 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Donaldson during the second quarter valued at $207,000. 77.91% of the stock is owned by institutional investors.
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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