Donaldson Company, Inc. (NYSE:DCI)‘s stock had its “hold” rating restated by investment analysts at Oppenheimer Holdings, Inc. in a research report issued to clients and investors on Thursday.

Other research analysts have also issued reports about the stock. BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Stifel Nicolaus set a $48.00 target price on shares of Donaldson and gave the company a “hold” rating in a report on Friday, August 18th. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, Jefferies Group LLC raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Wednesday, May 31st. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Donaldson currently has an average rating of “Hold” and an average price target of $48.25.

Donaldson (DCI) traded down 6.89% during trading on Thursday, reaching $43.36. 1,066,685 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $46.98 and its 200-day moving average is $45.97. The company has a market cap of $5.68 billion, a P/E ratio of 25.81 and a beta of 1.21. Donaldson has a 12-month low of $35.59 and a 12-month high of $48.91.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.53 by $0.02. The company had revenue of $660.10 million for the quarter, compared to the consensus estimate of $634.41 million. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.46 EPS. Analysts predict that Donaldson will post ($0.38) EPS for the current fiscal year.

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In related news, Director Michael J. Hoffman sold 14,400 shares of the firm’s stock in a transaction on Monday, June 19th. The shares were sold at an average price of $46.84, for a total value of $674,496.00. Following the completion of the transaction, the director now directly owns 41,473 shares of the company’s stock, valued at $1,942,595.32. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 0.88% of the company’s stock.

Several hedge funds have recently bought and sold shares of DCI. Glen Harbor Capital Management LLC grew its holdings in shares of Donaldson by 16.5% in the first quarter. Glen Harbor Capital Management LLC now owns 9,384 shares of the industrial products company’s stock valued at $427,000 after purchasing an additional 1,326 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in Donaldson by 14.1% during the first quarter. Russell Investments Group Ltd. now owns 50,054 shares of the industrial products company’s stock worth $2,278,000 after buying an additional 6,170 shares during the period. Oregon Public Employees Retirement Fund boosted its stake in Donaldson by 6.5% during the first quarter. Oregon Public Employees Retirement Fund now owns 46,172 shares of the industrial products company’s stock worth $2,102,000 after buying an additional 2,807 shares during the period. Wells Fargo & Company MN boosted its stake in Donaldson by 7.5% during the first quarter. Wells Fargo & Company MN now owns 584,335 shares of the industrial products company’s stock worth $26,598,000 after buying an additional 40,601 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new position in Donaldson during the first quarter worth $4,024,000. 77.91% of the stock is owned by hedge funds and other institutional investors.

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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