Donaldson’s (DCI) “Hold” Rating Reiterated at Stifel Nicolaus
Donaldson Company, Inc. (NYSE:DCI)‘s stock had its “hold” rating restated by investment analysts at Stifel Nicolaus in a report released on Friday. They currently have a $45.00 price objective on the industrial products company’s stock, down from their prior price objective of $48.00. Stifel Nicolaus’ target price would suggest a potential upside of 3.69% from the stock’s current price.
A number of other brokerages also recently weighed in on DCI. Jefferies Group LLC raised Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a report on Wednesday, May 31st. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Thursday, May 11th. Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 target price on shares of Donaldson in a report on Friday. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a report on Thursday. Finally, BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Donaldson currently has an average rating of “Hold” and a consensus target price of $49.50.
Donaldson (NYSE:DCI) opened at 43.40 on Friday. The company has a market cap of $5.69 billion, a P/E ratio of 25.83 and a beta of 1.21. Donaldson has a 12 month low of $35.80 and a 12 month high of $48.91. The firm has a 50-day moving average price of $46.87 and a 200 day moving average price of $45.95.
Donaldson (NYSE:DCI) last issued its earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.53 by $0.02. The business had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.46 EPS. On average, equities analysts expect that Donaldson will post ($0.38) earnings per share for the current year.
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In other news, Director Michael J. Hoffman sold 14,400 shares of the stock in a transaction 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 completion of the transaction, the director now directly owns 41,473 shares in the company, valued at approximately $1,942,595.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.88% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC lifted its stake in shares of Donaldson by 6.9% in the 2nd quarter. Advisory Services Network LLC now owns 6,906 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 443 shares during the last quarter. Koch Industries Inc. bought a new position in shares of Donaldson in the 2nd quarter valued at $618,000. 1st Global Advisors Inc. lifted its stake in shares of Donaldson by 0.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock valued at $376,000 after acquiring an additional 48 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Donaldson in the 2nd quarter valued at $221,000. Finally, Ameritas Investment Partners Inc. lifted its stake in shares of Donaldson by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 49,432 shares of the industrial products company’s stock valued at $2,250,000 after acquiring an additional 603 shares during the last quarter. Institutional investors own 77.91% of the company’s stock.
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.
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