Shares of Donaldson Company, Inc. (NYSE:DCI) have earned an average rating of “Hold” from the seven brokerages that are covering the company, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $48.25.

A number of research firms have recently commented on DCI. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Friday, June 9th. Stifel Nicolaus reissued a “hold” rating and issued a $48.00 price objective (up previously from $45.00) on shares of Donaldson in a report on Friday, June 2nd. Oppenheimer Holdings, Inc. reissued a “hold” rating on shares of Donaldson in a report on Thursday, June 1st. Finally, Jefferies Group LLC raised Donaldson 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.

In other Donaldson news, Director Michael J. Hoffman sold 14,400 shares of Donaldson stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $46.84, for a total transaction of $674,496.00. Following the completion of the transaction, the director now owns 41,473 shares of the company’s stock, valued at approximately $1,942,595.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.88% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ProShare Advisors LLC raised its position in Donaldson by 17.3% in the first quarter. ProShare Advisors LLC now owns 223,580 shares of the industrial products company’s stock worth $10,177,000 after buying an additional 32,981 shares during the last quarter. BTIM Corp. raised its position in Donaldson by 29.3% in the first quarter. BTIM Corp. now owns 1,025,833 shares of the industrial products company’s stock worth $46,696,000 after buying an additional 232,193 shares during the last quarter. Nationwide Fund Advisors raised its position in Donaldson by 3.5% in the first quarter. Nationwide Fund Advisors now owns 442,570 shares of the industrial products company’s stock worth $20,146,000 after buying an additional 15,030 shares during the last quarter. Retirement Systems of Alabama raised its position in Donaldson by 56.7% in the first quarter. Retirement Systems of Alabama now owns 267,282 shares of the industrial products company’s stock worth $12,167,000 after buying an additional 96,751 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in Donaldson 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. 78.76% of the stock is owned by institutional investors and hedge funds.

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Donaldson (DCI) traded up 1.00% during trading on Tuesday, hitting $47.65. 868,239 shares of the company traded hands. The stock has a 50 day moving average price of $46.07 and a 200 day moving average price of $44.91. The company has a market capitalization of $6.25 billion, a P/E ratio of 28.36 and a beta of 1.21. Donaldson has a 12-month low of $35.52 and a 12-month high of $48.91.

Donaldson (NYSE:DCI) last released its earnings results on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The company had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The business’s revenue for the quarter was up 6.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.43 EPS. On average, equities analysts anticipate that Donaldson will post ($0.38) earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 28th. Shareholders of record on Monday, June 12th were issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date of this dividend was Thursday, June 8th. Donaldson’s payout ratio is presently 41.92%.

Donaldson 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 (NYSE:DCI)

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