Donaldson (NYSE:DCI) Cut to Buy at StockNews.com

StockNews.com cut shares of Donaldson (NYSE:DCI - Free Report) from a strong-buy rating to a buy rating in a report published on Tuesday.

Several other equities research analysts have also recently weighed in on DCI. Robert W. Baird boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $74.00.

Donaldson Stock Down 0.1 %

Shares of DCI stock traded down $0.10 during mid-day trading on Tuesday, hitting $69.35. The company's stock had a trading volume of 200,652 shares, compared to its average volume of 540,282. The stock has a market cap of $8.28 billion, a price-to-earnings ratio of 20.18, a PEG ratio of 1.82 and a beta of 1.04. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson has a 52-week low of $65.10 and a 52-week high of $78.95. The business has a 50-day moving average price of $69.32 and a 200 day moving average price of $72.03.

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Donaldson (NYSE:DCI - Get Free Report) last announced its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts' consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million during the quarter, compared to the consensus estimate of $908.32 million. Research analysts predict that Donaldson will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date was Thursday, February 13th. Donaldson's dividend payout ratio is presently 31.58%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Donaldson

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Argent Trust Co lifted its holdings in shares of Donaldson by 3.3% in the fourth quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after purchasing an additional 152 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after buying an additional 180 shares during the period. CIBC Asset Management Inc boosted its position in shares of Donaldson by 5.3% during the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after purchasing an additional 187 shares in the last quarter. Johnson Financial Group Inc. increased its stake in Donaldson by 48.8% in the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company's stock valued at $42,000 after purchasing an additional 195 shares in the last quarter. Finally, Claro Advisors LLC boosted its holdings in Donaldson by 2.0% in the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company's stock worth $755,000 after acquiring an additional 203 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

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.