Donaldson (DCI) Receives Hold Rating from Oppenheimer

Oppenheimer reiterated their hold rating on shares of Donaldson (NYSE:DCI) in a research report released on Friday morning.

Several other research firms have also recently weighed in on DCI. Jefferies Group restated a buy rating and issued a $57.00 price objective on shares of Donaldson in a research report on Friday. SunTrust Banks reiterated a hold rating and set a $46.00 price target on shares of Donaldson in a research report on Friday, October 27th. Zacks Investment Research upgraded shares of Donaldson from a sell rating to a hold rating in a research report on Monday, October 30th. BidaskClub upgraded shares of Donaldson from a hold rating to a buy rating in a research report on Wednesday, August 23rd. Finally, Stifel Nicolaus reiterated a hold rating on shares of Donaldson in a research report on Thursday, October 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Donaldson has a consensus rating of Hold and a consensus target price of $50.60.

Donaldson (NYSE DCI) traded down $1.49 on Friday, reaching $48.41. 692,857 shares of the company’s stock traded hands, compared to its average volume of 374,930. The company has a quick ratio of 1.77, a current ratio of 2.90 and a debt-to-equity ratio of 0.72. The firm has a market cap of $6,100.00, a PE ratio of 28.19, a PEG ratio of 2.39 and a beta of 1.19. Donaldson has a 52-week low of $41.28 and a 52-week high of $50.10.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.04. The firm had revenue of $644.80 million during the quarter, compared to analysts’ expectations of $602.02 million. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The company’s quarterly revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the company posted ($0.05) EPS. sell-side analysts expect that Donaldson will post 1.89 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be given a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 5th. Donaldson’s dividend payout ratio is 40.68%.

Several large investors have recently modified their holdings of the company. Alps Advisors Inc. grew its position in shares of Donaldson by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock worth $490,000 after buying an additional 28 shares during the period. 1st Global Advisors Inc. boosted its stake in Donaldson by 0.6% during the 2nd quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after acquiring an additional 48 shares during the last quarter. Cadence Capital Management LLC boosted its stake in Donaldson by 0.4% during the 2nd quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock worth $1,389,000 after acquiring an additional 123 shares during the last quarter. Public Employees Retirement Association of Colorado boosted its stake in Donaldson by 0.5% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock worth $1,208,000 after acquiring an additional 137 shares during the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake 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. Institutional investors own 77.62% of the company’s stock.

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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.

Analyst Recommendations for Donaldson (NYSE:DCI)

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