Stifel Nicolaus Cuts Donaldson (NYSE:DCI) Price Target to $71.00

Donaldson (NYSE:DCI) had its target price lowered by Stifel Nicolaus from $76.00 to $71.00 in a report released on Thursday morning, Benzinga reports. Stifel Nicolaus currently has a hold rating on the industrial products company’s stock.

DCI has been the subject of several other research reports. Robert W. Baird decreased their price target on shares of Donaldson from $80.00 to $79.00 and set an outperform rating for the company in a research note on Monday, June 3rd. Raymond James began coverage on Donaldson in a report on Friday, June 28th. They set a market perform rating for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Donaldson has an average rating of Hold and a consensus target price of $69.67.

Donaldson Price Performance

Shares of NYSE DCI opened at $72.73 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $8.76 billion, a PE ratio of 22.52, a PEG ratio of 1.90 and a beta of 1.05. The stock’s 50 day moving average price is $72.48 and its 200-day moving average price is $72.61. Donaldson has a twelve month low of $57.05 and a twelve month high of $78.03.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.08. The business had revenue of $927.90 million for the quarter, compared to analysts’ expectations of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The business’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 earnings per share. On average, equities analysts anticipate that Donaldson will post 3.37 EPS for the current year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.48%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Insider Activity at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction that occurred on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Donaldson

A number of institutional investors have recently added to or reduced their stakes in DCI. TD Asset Management Inc lifted its holdings in shares of Donaldson by 23.7% in the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after buying an additional 367,705 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its stake in Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after purchasing an additional 32,964 shares in the last quarter. Fiduciary Management Inc. WI boosted its holdings in Donaldson by 3.5% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock valued at $118,884,000 after purchasing an additional 61,584 shares during the period. American Century Companies Inc. grew its position in shares of Donaldson by 4.7% during the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after purchasing an additional 75,733 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Donaldson by 19.4% in the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after purchasing an additional 256,994 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.