Donaldson (DCI) Earns Hold Rating from Oppenheimer

Oppenheimer reiterated their hold rating on shares of Donaldson (NYSE:DCI) in a research note issued to investors on Tuesday morning. Oppenheimer also issued estimates for Donaldson’s Q2 2019 earnings at $0.51 EPS, Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.40 EPS and FY2020 earnings at $2.55 EPS.

DCI has been the subject of a number of other research reports. Zacks Investment Research lowered Donaldson from a buy rating to a hold rating in a research note on Monday, August 6th. Stifel Nicolaus reiterated a hold rating and issued a $54.00 target price (up previously from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. Finally, ValuEngine upgraded Donaldson from a hold rating to a buy rating in a research note on Friday, September 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Donaldson has an average rating of Hold and an average target price of $56.33.

DCI stock opened at $48.92 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.74. Donaldson has a 1 year low of $43.35 and a 1 year high of $59.43. The stock has a market capitalization of $6.59 billion, a PE ratio of 24.46, a P/E/G ratio of 1.87 and a beta of 1.25.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 4th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Donaldson had a net margin of 6.92% and a return on equity of 32.75%. The company had revenue of $701.40 million during the quarter, compared to analyst estimates of $700.98 million. During the same quarter last year, the business posted $0.46 EPS. Donaldson’s quarterly revenue was up 8.8% compared to the same quarter last year. Equities analysts predict that Donaldson will post 2.39 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Tuesday, December 11th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date is Monday, December 10th. Donaldson’s dividend payout ratio is currently 38.00%.

In related news, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction dated Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the transaction, the director now owns 30,451 shares of the company’s stock, valued at $1,731,139.35. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the transaction, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $235,960. The disclosure for this sale can be found here. Corporate insiders own 1.35% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Honkamp Krueger Financial Services Inc. purchased a new position in Donaldson in the third quarter valued at about $148,000. Ibex Investors LLC purchased a new position in Donaldson in the third quarter valued at about $201,000. Armstrong Henry H Associates Inc. purchased a new position in Donaldson in the third quarter valued at about $204,000. Trillium Asset Management LLC purchased a new position in Donaldson in the third quarter valued at about $215,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Donaldson in the third quarter valued at about $215,000. 81.42% of the stock is owned by hedge funds and other institutional investors.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Analyst Recommendations for Donaldson (NYSE:DCI)

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