Research Analysts Offer Predictions for Donaldson Company, Inc.’s Q2 2018 Earnings (DCI)

Donaldson Company, Inc. (NYSE:DCI) – Investment analysts at William Blair increased their Q2 2018 earnings per share (EPS) estimates for Donaldson in a research report issued to clients and investors on Thursday. William Blair analyst B. Drab now anticipates that the industrial products company will earn $0.42 per share for the quarter, up from their prior estimate of $0.38. William Blair also issued estimates for Donaldson’s Q3 2018 earnings at $0.52 EPS, Q4 2018 earnings at $0.59 EPS and FY2018 earnings at $1.98 EPS.

Donaldson (NYSE:DCI) last released its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.04. The firm had revenue of $644.80 million during the quarter, compared to analyst estimates of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. Donaldson’s revenue was up 16.6% compared to the same quarter last year. During the same period last year, the business posted ($0.05) earnings per share.

A number of other research analysts have also issued reports on the company. SunTrust Banks reiterated a “hold” rating and issued a $50.00 target price on shares of Donaldson in a report on Friday. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a report on Friday. Jefferies Group reiterated a “buy” rating and issued a $57.00 target price on shares of Donaldson in a report on Friday. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Monday, November 27th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Donaldson in a report on Thursday, October 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Donaldson has a consensus rating of “Hold” and an average price target of $50.60.

Donaldson (DCI) opened at $48.41 on Monday. The stock has a market capitalization of $6,288.70, a price-to-earnings ratio of 27.35, a P/E/G ratio of 2.31 and a beta of 1.21. Donaldson has a fifty-two week low of $41.28 and a fifty-two week high of $50.10. The company has a quick ratio of 1.77, a current ratio of 2.90 and a debt-to-equity ratio of 0.72.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be issued a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 1.49%. The ex-dividend date is Tuesday, December 5th. Donaldson’s dividend payout ratio (DPR) is 40.68%.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its holdings in Donaldson by 5.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock worth $192,000 after buying an additional 217 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Donaldson during the 3rd quarter worth about $201,000. Magnetar Financial LLC purchased a new stake in Donaldson during the 3rd quarter worth about $201,000. Mosaic Family Wealth LLC lifted its holdings in Donaldson by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock worth $202,000 after buying an additional 213 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new stake in Donaldson during the 2nd quarter worth about $207,000. 77.62% of the stock is owned by institutional investors.

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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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