Donaldson Company, Inc. (NYSE:DCI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Monday.

According to Zacks, “Donaldson has an impressive earnings surprise history, having beaten estimates thrice in the trailing four quarters. Donaldson’s Engine Products segment has been showing great momentum, benefiting from stabilization in market conditions and robust sales of replacement parts. The company’s strategy of winning first-fit programs, aftermarket growth, constant geographic expansion and fostering innovative technology are likely to act as growth catalysts going forward. However, on the flip side, Donaldson’s shares have underperformed the industry average over the past six months. The sales continue to be hurt by prolonged weakness in the gas turbine market. Poor performance from Aerospace and Defense is making matters worse. Further, issues like weakness in key markets, including agriculture and construction business are anticipated to act as significant headwinds.”

Several other research analysts have also commented on the company. Stifel Nicolaus reaffirmed a “hold” rating and set a $45.00 price target (down previously from $48.00) on shares of Donaldson in a research report on Friday, September 8th. BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research report on Thursday, September 7th. Jefferies Group LLC reaffirmed a “buy” rating and set a $54.00 price target on shares of Donaldson in a research report on Tuesday, October 3rd. Finally, Robert W. Baird reissued a “hold” rating and issued a $47.00 target price on shares of Donaldson in a report on Friday, September 8th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $48.00.

Shares of Donaldson (DCI) opened at 47.21 on Monday. Donaldson has a 12 month low of $35.85 and a 12 month high of $48.91. The company has a 50-day moving average price of $46.26 and a 200-day moving average price of $46.35. The stock has a market cap of $6.13 billion, a price-to-earnings ratio of 27.13 and a beta of 1.22.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). The firm had revenue of $660.10 million for the quarter, compared to analyst estimates of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The company’s quarterly revenue was up 11.2% on a year-over-year basis. During the same period last year, the firm earned $0.46 EPS. On average, analysts expect that Donaldson will post ($0.38) EPS for the current fiscal year.

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Several large investors have recently added to or reduced their stakes in DCI. JPMorgan Chase & Co. increased its holdings in shares of Donaldson by 96.0% in the first quarter. JPMorgan Chase & Co. now owns 9,985 shares of the industrial products company’s stock valued at $454,000 after purchasing an additional 4,891 shares during the period. OppenheimerFunds Inc. increased its holdings in shares of Donaldson by 15.2% in the first quarter. OppenheimerFunds Inc. now owns 12,353 shares of the industrial products company’s stock valued at $562,000 after purchasing an additional 1,633 shares during the period. Teachers Advisors LLC increased its holdings in shares of Donaldson by 9.2% in the first quarter. Teachers Advisors LLC now owns 125,839 shares of the industrial products company’s stock valued at $5,728,000 after purchasing an additional 10,650 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Donaldson by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 855,564 shares of the industrial products company’s stock valued at $38,944,000 after purchasing an additional 2,545 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Donaldson by 8.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 553,401 shares of the industrial products company’s stock valued at $25,191,000 after purchasing an additional 44,268 shares during the period. 78.17% of the stock is currently owned by institutional investors and hedge funds.

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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