Q3 2018 EPS Estimates for Donaldson Company, Inc. (DCI) Boosted by SunTrust Banks

Donaldson Company, Inc. (NYSE:DCI) – SunTrust Banks raised their Q3 2018 earnings estimates for shares of Donaldson in a research note issued on Tuesday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $0.55 per share for the quarter, up from their previous forecast of $0.54. SunTrust Banks currently has a “Hold” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Donaldson’s FY2018 earnings at $2.01 EPS, Q1 2019 earnings at $0.57 EPS, Q2 2019 earnings at $0.52 EPS, Q3 2019 earnings at $0.61 EPS, Q4 2019 earnings at $0.64 EPS, FY2019 earnings at $2.34 EPS and FY2020 earnings at $2.57 EPS.

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Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, March 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.01). The firm had revenue of $664.70 million during the quarter, compared to analysts’ expectations of $630.53 million. Donaldson had a return on equity of 29.25% and a net margin of 5.29%. The business’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share.

A number of other analysts have also recently issued reports on DCI. TheStreet cut shares of Donaldson from an “a-” rating to a “c+” rating in a research note on Tuesday. Zacks Investment Research cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Friday. Stifel Nicolaus reduced their price objective on shares of Donaldson from $53.00 to $51.00 and set a “hold” rating for the company in a research note on Wednesday. Gabelli raised shares of Donaldson from a “neutral” rating to a “buy” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Oppenheimer reissued a “hold” rating on shares of Donaldson in a research note on Friday, December 1st. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $51.00.

Shares of Donaldson (DCI) opened at $45.55 on Thursday. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.94 and a quick ratio of 2.13. The stock has a market cap of $5,835.45, a price-to-earnings ratio of 24.28, a PEG ratio of 2.04 and a beta of 1.12. Donaldson has a 52 week low of $42.59 and a 52 week high of $52.20.

Several large investors have recently modified their holdings of the stock. Dorsey & Whitney Trust CO LLC boosted its position in shares of Donaldson by 0.6% during the third quarter. Dorsey & Whitney Trust CO LLC now owns 168,300 shares of the industrial products company’s stock worth $7,732,000 after acquiring an additional 1,086 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Donaldson by 51.5% during the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 3,235 shares of the industrial products company’s stock worth $158,000 after acquiring an additional 1,100 shares during the last quarter. Sterling Capital Management LLC boosted its position in shares of Donaldson by 13.5% during the fourth quarter. Sterling Capital Management LLC now owns 10,100 shares of the industrial products company’s stock worth $494,000 after acquiring an additional 1,200 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Donaldson by 91.3% during the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock worth $154,000 after acquiring an additional 1,498 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in shares of Donaldson by 3.3% during the third quarter. Stephens Inc. AR now owns 52,842 shares of the industrial products company’s stock worth $2,428,000 after acquiring an additional 1,680 shares during the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

In related news, insider Melissa A. Osland sold 1,453 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $48.26, for a total transaction of $70,121.78. Following the completion of the transaction, the insider now owns 4,174 shares in the company, valued at $201,437.24. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.09% of the stock is currently owned by corporate insiders.

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 6th. Investors of record on Wednesday, February 14th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.58%. Donaldson’s dividend payout ratio is 70.59%.

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About Donaldson

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.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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