Analysts Offer Predictions for Donaldson Company, Inc.’s Q1 2018 Earnings (DCI)
Donaldson Company, Inc. (NYSE:DCI) – Analysts at Oppenheimer Holdings issued their Q1 2018 earnings estimates for Donaldson in a research note issued to investors on Thursday. Oppenheimer Holdings analyst J. Giannakouros forecasts that the industrial products company will earn $0.41 per share for the quarter. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Donaldson’s Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.51 EPS, Q4 2018 earnings at $0.55 EPS and FY2019 earnings at $2.05 EPS.
DCI has been the subject of a number of other reports. Stifel Nicolaus reiterated a “hold” rating and issued a $48.00 price target (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. BidaskClub downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 22nd. Finally, Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday, June 8th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $49.50.
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Donaldson (DCI) opened at 43.43 on Monday. Donaldson has a 1-year low of $35.80 and a 1-year high of $48.91. The firm has a market capitalization of $5.69 billion, a PE ratio of 25.85 and a beta of 1.21. The company’s 50-day moving average price is $46.77 and its 200 day moving average price is $45.93.
Donaldson (NYSE:DCI) last released its earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.53 by $0.02. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The company had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. During the same period in the previous year, the firm earned $0.46 earnings per share. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th were issued a $0.18 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $0.72 dividend on an annualized basis and a yield of 1.66%. This is a boost from Donaldson’s previous quarterly dividend of $0.18. Donaldson’s dividend payout ratio (DPR) is currently 41.38%.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at $2,733,516.33. The sale was disclosed in a 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 modified their holdings of DCI. Russell Investments Group Ltd. lifted its holdings in Donaldson by 14.1% in the first quarter. Russell Investments Group Ltd. now owns 50,054 shares of the industrial products company’s stock worth $2,278,000 after acquiring an additional 6,170 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in Donaldson by 7.5% in the first quarter. Wells Fargo & Company MN now owns 584,335 shares of the industrial products company’s stock worth $26,598,000 after acquiring an additional 40,601 shares during the last quarter. Canada Pension Plan Investment Board bought a new position in Donaldson in the first quarter worth about $4,024,000. Great West Life Assurance Co. Can lifted its holdings in Donaldson by 3.4% in the first quarter. Great West Life Assurance Co. Can now owns 77,880 shares of the industrial products company’s stock worth $3,544,000 after acquiring an additional 2,581 shares during the last quarter. Finally, Tyers Asset Management LLC lifted its holdings in Donaldson by 16.5% in the first quarter. Tyers Asset Management LLC now owns 4,416 shares of the industrial products company’s stock worth $201,000 after acquiring an additional 624 shares during the last quarter. 77.91% of the stock is currently 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.
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