Donaldson Company, Inc. (NYSE:DCI)‘s stock had its “hold” rating reaffirmed by equities research analysts at Robert W. Baird in a research report issued to clients and investors on Friday. They currently have a $47.00 target price on the industrial products company’s stock. Robert W. Baird’s price target would suggest a potential upside of 8.22% from the stock’s previous close.

DCI has been the topic of several other research reports. Zacks Investment Research upgraded shares of Donaldson from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Wednesday, May 24th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a report on Thursday. Jefferies Group LLC upgraded shares of 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. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Stifel Nicolaus set a $48.00 target price on shares of Donaldson and gave the stock a “hold” rating in a report on Friday, August 18th. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $49.50.

Donaldson (DCI) traded up 0.07% during trading on Friday, reaching $43.43. 654,946 shares of the company’s stock were exchanged. The company has a market capitalization of $5.69 billion, a PE ratio of 25.85 and a beta of 1.21. Donaldson has a 1-year low of $35.80 and a 1-year high of $48.91. The company’s 50-day moving average is $46.77 and its 200-day moving average is $45.93.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share for the quarter, missing analysts’ consensus estimates of $0.53 by $0.02. The business had revenue of $660.10 million for the quarter, compared to the consensus estimate of $634.41 million. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Equities research analysts expect that Donaldson will post ($0.38) earnings per share for the current fiscal year.

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In related news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction on 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 owns 59,001 shares in the company, valued at approximately $2,733,516.33. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Advisory Services Network LLC grew its position in Donaldson by 6.9% in the 2nd quarter. Advisory Services Network LLC now owns 6,906 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 443 shares during the last quarter. Koch Industries Inc. acquired a new stake in Donaldson in the 2nd quarter worth $618,000. 1st Global Advisors Inc. grew its position in Donaldson by 0.6% in the 2nd quarter. 1st Global Advisors Inc. now owns 8,256 shares of the industrial products company’s stock worth $376,000 after purchasing an additional 48 shares during the last quarter. Verition Fund Management LLC acquired a new stake in Donaldson in the 2nd quarter worth $221,000. Finally, Ameritas Investment Partners Inc. grew its position in Donaldson by 1.2% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 49,432 shares of the industrial products company’s stock worth $2,250,000 after purchasing an additional 603 shares during the last quarter. Institutional investors own 77.91% of the company’s stock.

About Donaldson

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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