StockNews.com upgraded shares of Donaldson (NYSE:DCI - Free Report) from a buy rating to a strong-buy rating in a research note published on Saturday morning.
Other research analysts have also issued research reports about the company. Robert W. Baird lifted their price target on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Donaldson currently has an average rating of "Hold" and an average price target of $74.00.
View Our Latest Stock Report on Donaldson
Donaldson Stock Performance
Shares of NYSE DCI traded up $0.33 during midday trading on Friday, reaching $70.77. 339,282 shares of the stock were exchanged, compared to its average volume of 480,173. The firm has a market cap of $8.45 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 1.85 and a beta of 1.06. Donaldson has a twelve month low of $65.60 and a twelve month high of $78.95. The firm has a 50-day simple moving average of $69.91 and a two-hundred day simple moving average of $72.44. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.
Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same quarter last year, the firm posted $0.75 EPS. The business's revenue was up 6.4% on a year-over-year basis. As a group, analysts anticipate that Donaldson will post 3.64 EPS for the current fiscal year.
Donaldson Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.53%. The ex-dividend date is Thursday, February 13th. Donaldson's payout ratio is 31.40%.
Insider Buying and Selling
In other news, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company's stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently bought and sold shares of the business. UMB Bank n.a. raised its position in Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock worth $26,000 after acquiring an additional 273 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after buying an additional 180 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in shares of Donaldson in the third quarter valued at $41,000. V Square Quantitative Management LLC increased its position in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock valued at $45,000 after buying an additional 207 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock valued at $53,000 after buying an additional 301 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.
About Donaldson
(
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Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.
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