Stifel Nicolaus Lowers Donaldson (NYSE:DCI) Price Target to $63.00

Donaldson (NYSE:DCI - Get Free Report) had its price target dropped by Stifel Nicolaus from $70.00 to $63.00 in a research report issued on Monday, MarketBeat Ratings reports. The brokerage presently has a "hold" rating on the industrial products company's stock. Stifel Nicolaus' price objective suggests a potential upside of 0.39% from the company's current price.

Separately, StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research note on Tuesday, March 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Donaldson currently has a consensus rating of "Hold" and an average price target of $71.33.

Donaldson Price Performance

Shares of NYSE:DCI traded up $0.31 during trading on Monday, reaching $62.76. The company had a trading volume of 492,334 shares, compared to its average volume of 574,568. The company has a fifty day moving average of $66.83 and a two-hundred day moving average of $70.52. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $7.50 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. Donaldson has a 12 month low of $57.45 and a 12 month high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). The firm had revenue of $870.00 million for the quarter, compared to analysts' expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Equities research analysts forecast that Donaldson will post 3.64 earnings per share for the current year.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the sale, the president now directly owns 28,334 shares of the company's stock, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director James Owens sold 18,700 shares of the firm's stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value of $1,159,774.00. Following the transaction, the director now owns 20,246 shares of the company's stock, valued at $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 76,700 shares of company stock worth $5,164,799. 2.70% of the stock is currently owned by insiders.

Institutional Trading of Donaldson

Hedge funds have recently bought and sold shares of the stock. Barclays PLC lifted its holdings in Donaldson by 19.3% during the third quarter. Barclays PLC now owns 83,738 shares of the industrial products company's stock valued at $6,171,000 after purchasing an additional 13,568 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company's stock worth $180,522,000 after acquiring an additional 118,156 shares during the last quarter. TD Private Client Wealth LLC boosted its stake in shares of Donaldson by 32.6% during the 3rd quarter. TD Private Client Wealth LLC now owns 2,540 shares of the industrial products company's stock worth $187,000 after purchasing an additional 625 shares during the period. Sanctuary Advisors LLC grew its holdings in Donaldson by 33.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 19,787 shares of the industrial products company's stock valued at $1,533,000 after purchasing an additional 4,908 shares during the last quarter. Finally, Tidal Investments LLC raised its position in Donaldson by 26.9% in the 3rd quarter. Tidal Investments LLC now owns 9,327 shares of the industrial products company's stock worth $687,000 after purchasing an additional 1,980 shares during the period. Institutional investors own 82.81% of the company's stock.

Donaldson Company Profile

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.