Donaldson (DCI) Stock Rating Reaffirmed by Oppenheimer

Donaldson (NYSE:DCI)‘s stock had its “hold” rating reaffirmed by Oppenheimer in a note issued to investors on Friday.

A number of other analysts have also commented on DCI. Jefferies Group reaffirmed a “buy” rating and issued a $57.00 price target on shares of Donaldson in a research note on Friday. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Stifel Nicolaus set a $48.00 price target on Donaldson and gave the stock a “hold” rating in a research note on Friday, August 18th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price target on shares of Donaldson in a research note on Friday, September 8th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Donaldson presently has a consensus rating of “Hold” and a consensus target price of $49.80.

Shares of Donaldson (NYSE:DCI) traded up $1.40 during trading on Friday, hitting $49.90. 1,113,000 shares of the stock traded hands, compared to its average volume of 476,588. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.38 and a quick ratio of 1.77. Donaldson has a 1 year low of $39.49 and a 1 year high of $50.10. The company has a market capitalization of $6,290.00, a PE ratio of 28.79, a price-to-earnings-growth ratio of 2.34 and a beta of 1.19.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.42 by $0.04. Donaldson had a net margin of 9.81% and a return on equity of 28.14%. The firm had revenue of $644.80 million for the quarter, compared to analysts’ expectations of $602.02 million. During the same quarter last year, the business earned ($0.05) earnings per share. The business’s revenue was up 16.6% on a year-over-year basis. analysts forecast that Donaldson will post 1.87 earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in the business. Chicago Partners Investment Group LLC purchased a new position in Donaldson during the third quarter valued at $230,000. GSA Capital Partners LLP lifted its position in Donaldson by 115.8% during the third quarter. GSA Capital Partners LLP now owns 31,880 shares of the industrial products company’s stock valued at $1,465,000 after buying an additional 17,109 shares during the period. Wolverine Trading LLC lifted its position in Donaldson by 41.6% during the third quarter. Wolverine Trading LLC now owns 6,655 shares of the industrial products company’s stock valued at $306,000 after buying an additional 1,955 shares during the period. Cubist Systematic Strategies LLC lifted its position in Donaldson by 501.0% during the third quarter. Cubist Systematic Strategies LLC now owns 51,227 shares of the industrial products company’s stock valued at $2,353,000 after buying an additional 42,703 shares during the period. Finally, Jane Street Group LLC purchased a new position in Donaldson during the third quarter valued at $297,000. 77.62% of the stock is owned by institutional investors and hedge funds.

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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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