Donaldson Company, Inc. (NYSE:DCI) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $48.00.

A number of research firms have recently weighed in on DCI. Stifel Nicolaus boosted their price objective on shares of Donaldson from $44.00 to $49.00 and gave the company a “hold” rating in a research report on Wednesday, June 3rd. Oppenheimer began coverage on Donaldson in a research report on Tuesday, June 2nd. They set a “hold” rating on the stock. Morgan Stanley began coverage on Donaldson in a report on Friday, June 26th. They issued an “overweight” rating and a $60.00 price target for the company. Finally, TheStreet upgraded shares of Donaldson from a “c+” rating to a “b-” rating in a report on Monday, August 10th.

A number of hedge funds and other institutional investors have recently made changes to their positions in DCI. Steward Partners Investment Advisory LLC lifted its stake in shares of Donaldson by 88.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 547 shares of the industrial products company’s stock worth $25,000 after purchasing an additional 256 shares in the last quarter. Blue Square Asset Management LLC purchased a new position in Donaldson in the 2nd quarter valued at about $29,000. Capital Advisory Group Advisory Services LLC purchased a new stake in shares of Donaldson during the first quarter worth about $34,000. Balentine LLC purchased a new position in Donaldson in the first quarter valued at about $50,000. Finally, CWM LLC purchased a new stake in Donaldson during the 2nd quarter worth approximately $80,000. Hedge funds and other institutional investors own 77.62% of the company’s stock.

Shares of DCI stock traded up $0.35 during mid-day trading on Friday, reaching $48.57. The stock had a trading volume of 29,749 shares, compared to its average volume of 516,763. The company has a market cap of $6.11 billion, a P/E ratio of 24.10, a price-to-earnings-growth ratio of 2.30 and a beta of 1.39. The company has a current ratio of 2.70, a quick ratio of 1.90 and a debt-to-equity ratio of 0.62. Donaldson has a 12-month low of $31.08 and a 12-month high of $58.32. The business has a 50-day simple moving average of $49.89 and a 200 day simple moving average of $45.50.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 3rd. The industrial products company reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. Donaldson had a net margin of 9.95% and a return on equity of 27.09%. The business had revenue of $617.40 million during the quarter, compared to analysts’ expectations of $610.66 million. During the same period last year, the company posted $0.61 EPS. The company’s revenue was down 15.1% on a year-over-year basis. Research analysts anticipate that Donaldson will post 2 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend was Friday, August 14th. Donaldson’s dividend payout ratio is presently 42.00%.

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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