Donaldson (NYSE:DCI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Donaldson (NYSE:DCI) from a buy rating to a strong-buy rating in a research note released on Saturday.

DCI has been the topic of a number of other research reports. Robert W. Baird dropped their price target on Donaldson from $80.00 to $79.00 and set an outperform rating on the stock in a research note on Monday, June 3rd. Stifel Nicolaus lowered their target price on shares of Donaldson from $76.00 to $71.00 and set a hold rating on the stock in a research report on Thursday, August 29th. Finally, Raymond James assumed coverage on shares of Donaldson in a research report on Friday, June 28th. They issued a market perform rating for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average price target of $69.67.

Donaldson Stock Down 0.7 %

DCI stock opened at $73.17 on Friday. The company’s 50 day moving average is $72.43 and its two-hundred day moving average is $72.94. Donaldson has a twelve month low of $57.05 and a twelve month high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a market cap of $8.81 billion, a P/E ratio of 22.65, a PEG ratio of 1.91 and a beta of 1.05.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Research analysts expect that Donaldson will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.48%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is currently 33.44%.

Insider Transactions at Donaldson

In related news, CEO Tod E. Carpenter sold 30,919 shares of Donaldson stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total value of $2,247,502.11. Following the transaction, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction dated Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at $18,662,575.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Owens sold 5,210 shares of Donaldson stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now directly owns 17,788 shares in the company, valued at approximately $1,276,111.12. The disclosure for this sale can be found here. Insiders sold 158,310 shares of company stock worth $11,614,271 over the last 90 days. 2.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Epoch Investment Partners Inc. increased its holdings in Donaldson by 91.0% in the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock valued at $74,610,000 after buying an additional 544,008 shares in the last quarter. TD Asset Management Inc raised its holdings in Donaldson by 23.7% during 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 purchasing an additional 367,705 shares during the last quarter. Eagle Ridge Investment Management purchased a new stake in Donaldson during the first quarter worth $25,351,000. Confluence Investment Management LLC acquired a new stake in Donaldson in the first quarter valued at $25,018,000. Finally, First Trust Advisors LP increased its position 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 valued at $103,576,000 after buying an additional 256,994 shares in the last quarter. 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.