Donaldson Co. (DCI) Given Average Recommendation of “Hold” by Brokerages
Donaldson Co. (NYSE:DCI) has received an average rating of “Hold” from the eight ratings firms that are currently covering the company. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $36.50.
DCI has been the topic of several research analyst reports. TheStreet raised Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. Finally, Robert W. Baird boosted their price target on Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th.
Shares of Donaldson (NYSE:DCI) traded up 0.08% on Monday, reaching $36.58. The company had a trading volume of 259,034 shares. The firm has a 50-day moving average price of $36.93 and a 200 day moving average price of $34.96. The firm has a market capitalization of $4.85 billion, a price-to-earnings ratio of 25.76 and a beta of 1.05. Donaldson has a 1-year low of $25.21 and a 1-year high of $38.65.
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Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm had revenue of $593 million for the quarter, compared to analysts’ expectations of $594.80 million. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. Donaldson’s revenue was down 2.8% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. Equities research analysts predict that Donaldson will post ($0.12) earnings per share for the current year.
In related news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction that occurred on Wednesday, September 14th. The stock was sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the transaction, the director now directly owns 56,877 shares in the company, valued at approximately $2,065,772.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of DCI. Washington Trust Bank increased its position in shares of Donaldson by 0.5% in the third quarter. Washington Trust Bank now owns 5,024 shares of the company’s stock valued at $188,000 after buying an additional 24 shares during the period. Independent Portfolio Consultants Inc. increased its stake in Donaldson by 9.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,240 shares of the company’s stock worth $180,000 after buying an additional 455 shares during the last quarter. Foster Dykema Cabot & Co. Inc. MA purchased a new stake in Donaldson during the second quarter worth approximately $206,000. First Allied Advisory Services Inc. purchased a new stake in Donaldson during the second quarter worth approximately $206,000. Finally, World Asset Management Inc purchased a new stake in Donaldson during the second quarter worth approximately $207,000. Institutional investors own 81.71% of the company’s stock.
Donaldson Company Profile
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.
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