Donaldson’s (DCI) Buy Rating Reiterated at Jefferies Group

Donaldson (NYSE:DCI)‘s stock had its “buy” rating restated by stock analysts at Jefferies Group in a research note issued on Friday. They currently have a $57.00 target price on the industrial products company’s stock. Jefferies Group’s price target indicates a potential upside of 14.23% from the stock’s current price.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus set a $48.00 price objective on shares of Donaldson and gave the company a “hold” rating in a research report on Friday, August 18th. BidaskClub upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a “hold” rating and set a $47.00 price objective on shares of Donaldson in a research note on Friday, September 8th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $49.80.

Donaldson (DCI) opened at $49.90 on Friday. The company has a current ratio of 2.38, a quick ratio of 1.77 and a debt-to-equity ratio of 0.63. The firm has a market cap of $6,319.87, a PE ratio of 28.79, a P/E/G ratio of 2.34 and a beta of 1.19. Donaldson has a 12-month low of $39.49 and a 12-month high of $50.10.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, November 29th. The industrial products company reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $602.02 million. During the same period last year, the firm earned ($0.05) earnings per share. The business’s quarterly revenue was up 16.6% compared to the same quarter last year. research analysts predict that Donaldson will post 1.87 EPS for the current fiscal year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Donaldson by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,319,252 shares of the industrial products company’s stock valued at $561,018,000 after acquiring an additional 166,412 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Donaldson by 1.9% in the second quarter. BlackRock Inc. now owns 10,590,302 shares of the industrial products company’s stock valued at $482,282,000 after purchasing an additional 199,946 shares in the last quarter. FMR LLC increased its holdings in shares of Donaldson by 1.9% in the second quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock valued at $86,573,000 after purchasing an additional 34,711 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings in shares of Donaldson by 2.4% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,885,348 shares of the industrial products company’s stock valued at $86,613,000 after purchasing an additional 43,552 shares in the last quarter. Finally, Janus Henderson Group PLC grew its holdings in Donaldson by 163.8% during the 2nd quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock worth $67,381,000 after acquiring an additional 918,729 shares during the period. Institutional investors own 77.62% of the company’s stock.

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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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