Donaldson Company, Inc. (NYSE:DCI) – Investment analysts at SunTrust Banks increased their Q2 2018 earnings estimates for shares of Donaldson in a research report issued to clients and investors on Thursday. SunTrust Banks analyst C. Brady now expects that the industrial products company will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.39. SunTrust Banks currently has a “Hold” rating and a $50.00 target price on the stock. SunTrust Banks also issued estimates for Donaldson’s Q1 2019 earnings at $0.53 EPS, Q2 2019 earnings at $0.47 EPS and Q3 2019 earnings at $0.58 EPS.

A number of other research analysts have also issued reports on DCI. Zacks Investment Research lowered 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 Donaldson and gave the company a “hold” rating in a report on Friday, August 18th. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. Finally, Robert W. Baird restated a “hold” rating and issued a $47.00 price objective on shares of Donaldson in a report on Friday, September 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Donaldson has an average rating of “Hold” and an average target price of $50.60.

Donaldson (NYSE:DCI) opened at $48.41 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.77 and a current ratio of 2.90. Donaldson has a 12-month low of $41.28 and a 12-month high of $50.10. The stock has a market capitalization of $6,288.70, a price-to-earnings ratio of 27.35, a price-to-earnings-growth ratio of 2.31 and a beta of 1.21.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, November 30th. The industrial products company reported $0.46 EPS for the quarter, topping the Zacks’ consensus estimate of $0.42 by $0.04. The firm had revenue of $644.80 million during the quarter, compared to the consensus estimate of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The firm’s revenue was up 16.6% on a year-over-year basis. During the same period in the prior year, the business earned ($0.05) EPS.

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 21st. Stockholders of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 5th. Donaldson’s dividend payout ratio is 40.68%.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Chicago Partners Investment Group LLC acquired a new position in Donaldson during the third quarter valued at $230,000. GSA Capital Partners LLP raised 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 raised 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 raised 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 acquired 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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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.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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