Donaldson Company, Inc. (NYSE:DCI) – Equities research analysts at SunTrust Banks lowered their Q3 2018 earnings estimates for shares of Donaldson in a research report issued to clients and investors on Monday. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings of $0.50 per share for the quarter, down from their prior forecast of $0.51. SunTrust Banks also issued estimates for Donaldson’s FY2018 earnings at $1.89 EPS.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The firm had revenue of $660.10 million for the quarter, compared to analysts’ expectations of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS.
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Several other research firms have also weighed in on DCI. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, May 31st. Stifel Nicolaus reiterated a “hold” rating and set a $45.00 price target (down from $48.00) on shares of Donaldson in a report on Friday, September 8th. Robert W. Baird reiterated a “hold” rating and set a $47.00 price target on shares of Donaldson in a report on Friday, September 8th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Finally, BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Donaldson presently has an average rating of “Hold” and a consensus price target of $49.50.
Donaldson (NYSE DCI) traded up 0.584% during mid-day trading on Thursday, hitting $44.981. 385,516 shares of the stock were exchanged. Donaldson has a 52 week low of $35.80 and a 52 week high of $48.91. The company has a 50 day moving average price of $46.42 and a 200 day moving average price of $45.98. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 26.774 and a beta of 1.21.
The company also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Investors of record on Tuesday, August 15th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.61%. This is a positive change from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, August 11th. Donaldson’s dividend payout ratio is presently 41.38%.
In related news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 59,001 shares in the company, valued at $2,733,516.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.88% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of DCI. BlackRock Inc. raised its stake in shares of Donaldson by 5,553.3% in the first quarter. BlackRock Inc. now owns 10,390,356 shares of the industrial products company’s stock valued at $472,970,000 after purchasing an additional 10,206,564 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Donaldson 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 purchasing an additional 930,432 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Donaldson by 163.8% in the second quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock valued at $67,381,000 after purchasing an additional 918,729 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Donaldson by 1,689.5% in the second quarter. Arrowstreet Capital Limited Partnership now owns 889,372 shares of the industrial products company’s stock valued at $40,502,000 after purchasing an additional 839,672 shares in the last quarter. Finally, Koch Industries Inc. acquired a new position in shares of Donaldson in the second quarter valued at $618,000. Institutional investors and hedge funds own 77.91% of the company’s stock.
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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