Donaldson Company, Inc. (NYSE:DCI) was upgraded by investment analysts at BidaskClub from a “hold” rating to a “buy” rating in a report issued on Thursday.

DCI has been the subject of several other reports. Zacks Investment Research raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Wednesday, May 31st. Jefferies Group LLC raised shares of Donaldson Company from a “hold” rating to a “buy” rating and set a $54.00 price objective for the company in a report on Wednesday, May 31st. Stifel Nicolaus reissued a “hold” rating and set a $48.00 price objective (up from $45.00) on shares of Donaldson Company in a report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson Company in a report on Thursday, June 1st. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $48.25.

Donaldson Company (NYSE:DCI) traded up 0.21% during midday trading on Thursday, hitting $46.76. 462,754 shares of the stock traded hands. The company’s 50-day moving average is $46.28 and its 200-day moving average is $44.50. Donaldson Company has a one year low of $34.95 and a one year high of $48.91. The company has a market cap of $6.13 billion, a PE ratio of 27.83 and a beta of 1.21.

Donaldson Company (NYSE:DCI) last released its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $608.20 million during the quarter, compared to analyst estimates of $580.44 million. Donaldson Company had a net margin of 9.72% and a return on equity of 28.12%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period last year, the business earned $0.43 EPS. Equities research analysts expect that Donaldson Company will post ($0.38) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Stockholders of record on Monday, June 12th were given a $0.175 dividend. The ex-dividend date of this dividend was Thursday, June 8th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.50%. Donaldson Company’s payout ratio is currently 41.92%.

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In other news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total value of $667,152.00. Following the transaction, the director now directly owns 59,001 shares in the company, valued at approximately $2,733,516.33. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 0.88% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Conestoga Capital Advisors LLC increased its position in Donaldson Company by 100.0% in the first quarter. Conestoga Capital Advisors LLC now owns 20,001 shares of the industrial products company’s stock worth $910,000 after buying an additional 10,000 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Donaldson Company by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 33,300 shares of the industrial products company’s stock worth $1,516,000 after buying an additional 600 shares during the last quarter. Mountain Pacific Investment Advisers Inc. ID increased its position in Donaldson Company by 4.3% in the first quarter. Mountain Pacific Investment Advisers Inc. ID now owns 650,927 shares of the industrial products company’s stock worth $29,630,000 after buying an additional 26,901 shares during the last quarter. Dynamic Advisors Solutions LLC increased its position in Donaldson Company by 2.2% in the first quarter. Dynamic Advisors Solutions LLC now owns 14,005 shares of the industrial products company’s stock worth $638,000 after buying an additional 300 shares during the last quarter. Finally, Confluence Investment Management LLC increased its position in Donaldson Company by 5.4% in the first quarter. Confluence Investment Management LLC now owns 327,359 shares of the industrial products company’s stock worth $14,901,000 after buying an additional 16,723 shares during the last quarter. Institutional investors own 78.78% of the company’s stock.

Donaldson Company Company Profile

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Analyst Recommendations for Donaldson Company (NYSE:DCI)

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