Donaldson (DCI) Given “Hold” Rating at Oppenheimer

Donaldson (NYSE:DCI)‘s stock had its “hold” rating reissued by stock analysts at Oppenheimer in a research report issued on Monday, December 18th.

Several other equities research analysts have also recently weighed in on DCI. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Robert W. Baird reiterated a “hold” rating and issued a $47.00 target price on shares of Donaldson in a research note on Friday, September 8th. Stifel Nicolaus reiterated a “hold” rating and issued a $45.00 target price (down previously from $48.00) on shares of Donaldson in a research note on Friday, September 8th. Jefferies Group reiterated a “buy” rating and issued a $54.00 target price on shares of Donaldson in a research note on Tuesday, October 3rd. Finally, Zacks Investment Research cut shares of Donaldson from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Donaldson presently has a consensus rating of “Hold” and a consensus price target of $50.60.

Donaldson (NYSE:DCI) traded up $0.80 during trading on Monday, reaching $51.23. 658,808 shares of the company’s stock traded hands, compared to its average volume of 455,749. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. The firm has a market capitalization of $6,660.00, a P/E ratio of 28.94, a price-to-earnings-growth ratio of 2.29 and a beta of 1.20. Donaldson has a 52-week low of $41.46 and a 52-week high of $51.38.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. The company had revenue of $644.80 million for the quarter, compared to the consensus estimate of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The firm’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share. equities research analysts forecast that Donaldson will post 1.99 EPS for the current year.

In other Donaldson news, insider Melissa A. Osland sold 1,453 shares of the firm’s stock in a transaction dated 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 filing with the SEC, which can be accessed through the SEC website. 1.09% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in shares of Donaldson by 0.3% in the second quarter. Alps Advisors Inc. now owns 10,756 shares of the industrial products company’s stock valued at $490,000 after acquiring an additional 28 shares during the last quarter. 1st Global Advisors Inc. raised its stake in shares of Donaldson by 0.6% in the second quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock valued at $376,000 after acquiring an additional 48 shares during the last quarter. Cadence Capital Management LLC raised its stake in shares of Donaldson by 0.4% in the second quarter. Cadence Capital Management LLC now owns 30,506 shares of the industrial products company’s stock valued at $1,389,000 after acquiring an additional 123 shares during the last quarter. Mosaic Family Wealth LLC raised its stake in shares of Donaldson by 5.1% in 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 last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in shares of Donaldson by 5.4% in 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 last quarter. Institutional investors own 77.63% of the company’s stock.

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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.

Analyst Recommendations for Donaldson (NYSE:DCI)

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