Morgan Stanley initiated coverage on shares of Donaldson (NYSE:DCI) in a report issued on Friday, BenzingaRatingsTable reports. The brokerage issued an overweight rating and a $60.00 target price on the industrial products company’s stock.

A number of other brokerages have also recently commented on DCI. Robert W. Baird cut their target price on shares of Donaldson from $49.00 to $47.00 and set a neutral rating on the stock in a report on Friday, March 6th. Jefferies Financial Group lowered shares of Donaldson from a buy rating to a hold rating and set a $40.00 price objective on the stock. in a research note on Monday, March 23rd. Zacks Investment Research downgraded shares of Donaldson from a hold rating to a sell rating and set a $44.00 target price for the company. in a research note on Friday, May 15th. Oppenheimer started coverage on Donaldson in a research report on Tuesday, June 2nd. They issued a hold rating on the stock. Finally, Stifel Nicolaus upped their price objective on Donaldson from $44.00 to $49.00 and gave the company a hold rating in a research note on Wednesday, June 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of $48.00.

Shares of DCI stock opened at $45.87 on Friday. The stock’s 50-day moving average is $46.08 and its two-hundred day moving average is $47.91. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.02 and a current ratio of 2.82. Donaldson has a 1 year low of $31.08 and a 1 year high of $58.32. The firm has a market cap of $5.76 billion, a price-to-earnings ratio of 23.40, a PEG ratio of 2.50 and a beta of 1.40.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.12. Donaldson had a return on equity of 29.45% and a net margin of 9.32%. The firm had revenue of $629.70 million for the quarter, compared to the consensus estimate of $606.01 million. During the same quarter last year, the business posted $0.58 EPS. The firm’s quarterly revenue was down 11.7% compared to the same quarter last year. As a group, research analysts predict that Donaldson will post 1.92 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a dividend yield of 1.83%. The ex-dividend date of this dividend is Friday, June 12th. Donaldson’s dividend payout ratio (DPR) is presently 38.01%.

In other Donaldson news, SVP Thomas R. Scalf sold 1,250 shares of the firm’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $50.24, for a total value of $62,800.00. Also, VP Amy C. Becker sold 2,627 shares of the business’s stock in a transaction on Monday, June 8th. The stock was sold at an average price of $50.24, for a total transaction of $131,980.48. In the last ninety days, insiders sold 28,277 shares of company stock worth $1,420,636. Insiders own 1.74% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Atlanta Capital Management Co. L L C grew its position in Donaldson by 1.6% during the first quarter. Atlanta Capital Management Co. L L C now owns 2,724,794 shares of the industrial products company’s stock worth $105,259,000 after buying an additional 43,114 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of Donaldson by 0.4% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,215,757 shares of the industrial products company’s stock worth $127,672,000 after acquiring an additional 8,469 shares during the period. Boston Trust Walden Corp grew its holdings in shares of Donaldson by 5.0% in the 1st quarter. Boston Trust Walden Corp now owns 2,150,714 shares of the industrial products company’s stock worth $83,082,000 after acquiring an additional 102,973 shares during the period. Pictet Asset Management Ltd. increased its stake in Donaldson by 25.4% in the 4th quarter. Pictet Asset Management Ltd. now owns 2,106,889 shares of the industrial products company’s stock valued at $121,399,000 after purchasing an additional 426,465 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Donaldson by 2.5% during the first quarter. Geode Capital Management LLC now owns 1,507,066 shares of the industrial products company’s stock worth $58,217,000 after purchasing an additional 36,442 shares during the last quarter. Hedge funds and other institutional investors own 78.76% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Analyst Recommendations for Donaldson (NYSE:DCI)

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