Donaldson’s (DCI) “Hold” Rating Reaffirmed at Stifel Nicolaus
Donaldson (NYSE:DCI)‘s stock had its “hold” rating reissued by equities research analysts at Stifel Nicolaus in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $53.00 target price on the industrial products company’s stock, up from their prior target price of $50.00. Stifel Nicolaus’ price objective would indicate a potential upside of 3.01% from the company’s current price.
A number of other brokerages have also issued reports on DCI. Oppenheimer reissued a “hold” rating on shares of Donaldson in a report on Friday, December 1st. Jefferies Group reissued a “buy” rating and issued a $57.00 price target on shares of Donaldson in a report on Friday, December 1st. SunTrust Banks reissued a “hold” rating and issued a $50.00 price target on shares of Donaldson in a report on Friday, December 1st. Finally, Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating in a report on Monday, October 30th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $52.20.
Shares of Donaldson (DCI) traded up $0.18 during trading on Tuesday, reaching $51.45. 507,900 shares of the company’s stock were exchanged, compared to its average volume of 533,927. The company has a market cap of $6,660.36, a price-to-earnings ratio of 29.07, a PEG ratio of 2.33 and a beta of 1.21. Donaldson has a 1-year low of $41.46 and a 1-year high of $52.12. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.13 and a current ratio of 2.90.
Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.04. The business had revenue of $644.80 million for the quarter, compared to analyst estimates of $602.02 million. Donaldson had a net margin of 9.57% and a return on equity of 28.49%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) EPS. sell-side analysts expect that Donaldson will post 1.99 earnings per share for the current year.
In other news, insider Melissa A. Osland sold 1,453 shares of Donaldson stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $48.26, for a total transaction of $70,121.78. Following the sale, the insider now owns 4,174 shares of the company’s stock, valued at approximately $201,437.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.09% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in DCI. Oppenheimer & Co. Inc. bought a new stake in shares of Donaldson during the 2nd quarter valued at about $209,000. JPMorgan Chase & Co. boosted its stake in shares of Donaldson by 220.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 32,021 shares of the industrial products company’s stock valued at $1,458,000 after purchasing an additional 22,036 shares in the last quarter. Schroder Investment Management Group boosted its stake in shares of Donaldson by 1,967.6% during the 2nd quarter. Schroder Investment Management Group now owns 70,300 shares of the industrial products company’s stock valued at $3,162,000 after purchasing an additional 66,900 shares in the last quarter. Alliancebernstein L.P. boosted its stake in shares of Donaldson by 66.2% during the 2nd quarter. Alliancebernstein L.P. now owns 138,994 shares of the industrial products company’s stock valued at $6,330,000 after purchasing an additional 55,350 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of 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 valued at $192,000 after purchasing an additional 217 shares in the last quarter. 77.63% of the stock is currently owned by hedge funds and other institutional investors.
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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.
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