Donaldson Company, Inc. (NYSE:DCI) – Stock analysts at Oppenheimer Holdings raised their Q1 2018 earnings estimates for shares of Donaldson in a research note issued on Tuesday. Oppenheimer Holdings analyst J. Giannakouros now expects that the industrial products company will earn $0.42 per share for the quarter, up from their prior estimate of $0.41. Oppenheimer Holdings has a “Hold” rating on the stock. Oppenheimer Holdings also issued estimates for Donaldson’s Q2 2018 earnings at $0.41 EPS, Q3 2018 earnings at $0.53 EPS and Q4 2018 earnings at $0.54 EPS.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (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 firm had revenue of $660.10 million for the quarter, compared to the consensus estimate of $634.41 million. During the same quarter last year, the business earned $0.46 earnings per share. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year.

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Other equities analysts have also recently issued reports about the company. Jefferies Group LLC restated a “buy” rating and set a $54.00 price objective on shares of Donaldson in a research note on Tuesday, October 3rd. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Stifel Nicolaus set a $48.00 price target on Donaldson and gave the company a “hold” rating in a report on Friday, August 18th. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $46.00 price target on shares of Donaldson in a report on Friday, October 27th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $48.00.

Shares of Donaldson (NYSE:DCI) traded up $0.31 on Thursday, reaching $47.86. The company had a trading volume of 320,600 shares, compared to its average volume of 477,336. Donaldson has a 52-week low of $39.49 and a 52-week high of $48.91. The company has a market capitalization of $6,260.00, a PE ratio of 28.14, a PEG ratio of 2.29 and a beta of 1.19. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.38 and a quick ratio of 1.77.

Several hedge funds have recently modified their holdings of DCI. Northwestern Mutual Wealth Management Co. raised its stake in shares of Donaldson by 5.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after acquiring an additional 217 shares in the last quarter. CIBC Asset Management Inc bought a new position in shares of Donaldson in the 3rd quarter valued at $201,000. Magnetar Financial LLC bought a new position in shares of Donaldson in the 3rd quarter valued at $201,000. Mosaic Family Wealth LLC increased its stake in shares of Donaldson by 5.1% in the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 213 shares during the last quarter. Finally, Quantbot Technologies LP bought a new position in shares of Donaldson in the 2nd quarter valued at $207,000. 77.91% of the stock is currently owned by institutional investors and hedge funds.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 21st. Investors of record on Wednesday, December 6th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date of this dividend is Tuesday, December 5th. Donaldson’s payout ratio is 41.38%.

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.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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