Shares of Donaldson Company, Inc. (NYSE:DCI) have been given a consensus recommendation of “Hold” by the seven brokerages that are presently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $47.00.

Several analysts have commented on DCI shares. 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 research note on Friday, May 12th. BidaskClub downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research report on Wednesday, May 31st. Stifel Nicolaus reiterated a “hold” rating and set a $48.00 target price (up previously from $45.00) on shares of Donaldson in a research report on Friday, June 2nd. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research report on Thursday, June 1st.

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In related news, Director Michael J. Hoffman sold 14,400 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $46.84, for a total value of $674,496.00. Following the sale, the director now owns 41,473 shares in the company, valued at approximately $1,942,595.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.88% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Clean Yield Group purchased a new stake in Donaldson during the first quarter worth $109,000. TrimTabs Asset Management LLC purchased a new stake in Donaldson during the first quarter worth $125,000. Schroder Investment Management Group purchased a new stake in Donaldson during the first quarter worth $154,000. Mosaic Family Wealth LLC boosted its stake in Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock worth $192,000 after buying an additional 123 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Donaldson by 5.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after buying an additional 217 shares in the last quarter. Institutional investors and hedge funds own 78.17% of the company’s stock.

Donaldson (DCI) traded up 0.13% during midday trading on Friday, reaching $46.35. The company’s stock had a trading volume of 333,855 shares. The firm has a market capitalization of $6.08 billion, a PE ratio of 27.59 and a beta of 1.22. Donaldson has a 1-year low of $35.59 and a 1-year high of $48.91. The stock’s 50-day moving average price is $46.71 and its 200 day moving average price is $45.51.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The firm had revenue of $608.20 million during the quarter, compared to the consensus estimate of $580.44 million. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The firm’s revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the business earned $0.43 EPS. Equities analysts anticipate that Donaldson will post ($0.38) EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be given a dividend of $0.18 per share. This is a boost from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, August 11th. This represents a $0.72 annualized dividend and a yield of 1.55%. Donaldson’s payout ratio is presently 43.11%.

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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