Donaldson (NYSE:DCI) Price Target Raised to $83.00

Donaldson (NYSE:DCI) had its price objective boosted by Robert W. Baird from $81.00 to $83.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the industrial products company’s stock.

A number of other equities analysts also recently commented on DCI. Stifel Nicolaus reduced their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. 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 given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Price Performance

Shares of DCI opened at $72.82 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.23 and a current ratio of 1.85. The company has a 50 day moving average price of $75.09 and a 200-day moving average price of $73.41. Donaldson has a fifty-two week low of $61.00 and a fifty-two week high of $78.95. The stock has a market capitalization of $8.72 billion, a PE ratio of 21.17, a PEG ratio of 1.91 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $900.10 million for the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.75 EPS. Equities analysts predict that Donaldson will post 3.63 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.48%. Donaldson’s payout ratio is 31.40%.

Insider Activity at Donaldson

In other 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 transaction of $2,247,502.11. Following the completion of the sale, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. The trade was a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now directly owns 17,788 shares in the company, valued at $1,276,111.12. This trade represents a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 in the last three months. 2.70% of the stock is owned by insiders.

Institutional Trading of Donaldson

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC grew its position in Donaldson by 31.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 184 shares during the period. Mather Group LLC. boosted its position in Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 404 shares in the last quarter. CWM LLC grew its stake in shares of Donaldson by 66.5% during the 2nd quarter. CWM LLC now owns 6,006 shares of the industrial products company’s stock worth $430,000 after purchasing an additional 2,399 shares during the period. Blue Trust Inc. boosted its holdings in Donaldson by 47.0% during the second quarter. Blue Trust Inc. now owns 2,282 shares of the industrial products company’s stock worth $170,000 after buying an additional 730 shares in the last quarter. Finally, Neo Ivy Capital Management acquired a new stake in Donaldson during the second quarter valued at $2,899,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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.