Donaldson Co. (NYSE:DCI) – Equities research analysts at Jefferies Group reduced their Q1 2017 earnings per share (EPS) estimates for shares of Donaldson in a report issued on Tuesday. Jefferies Group analyst L. Alexander now anticipates that the firm will earn $0.37 per share for the quarter, down from their previous forecast of $0.38. Jefferies Group also issued estimates for Donaldson’s Q2 2017 earnings at $0.34 EPS, Q3 2017 earnings at $0.43 EPS, Q4 2017 earnings at $0.46 EPS and FY2017 earnings at $1.60 EPS.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The business had revenue of $593 million for the quarter, compared to analyst estimates of $594.80 million. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.45 earnings per share.

A number of other equities research analysts also recently commented on DCI. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Donaldson in a research report on Thursday, May 26th. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. CL King assumed coverage on shares of Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 target price on the stock. TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Finally, Robert W. Baird raised their price objective on shares of Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Donaldson currently has an average rating of “Hold” and an average target price of $34.50.

Donaldson (NYSE:DCI) traded up 0.44% on Wednesday, reaching $36.64. 243,275 shares of the company were exchanged. The stock has a market capitalization of $4.91 billion, a price-to-earnings ratio of 25.80 and a beta of 1.04. Donaldson has a 52 week low of $25.21 and a 52 week high of $38.65. The stock has a 50-day moving average price of $36.97 and a 200 day moving average price of $34.38.

Hedge funds have recently made changes to their positions in the stock. Northwestern Mutual Investment Management Company LLC boosted its stake in shares of Donaldson by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 21,344 shares of the company’s stock valued at $733,000 after buying an additional 61 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Donaldson by 0.6% in the second quarter. Capstone Asset Management Co. now owns 12,519 shares of the company’s stock valued at $430,000 after buying an additional 70 shares during the period. Wetherby Asset Management Inc. boosted its stake in shares of Donaldson by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 8,133 shares of the company’s stock valued at $279,000 after buying an additional 83 shares during the period. Trillium Asset Management LLC boosted its stake in shares of Donaldson by 1.0% in the second quarter. Trillium Asset Management LLC now owns 28,032 shares of the company’s stock valued at $963,000 after buying an additional 281 shares during the period. Finally, Commonwealth Equity Services Inc boosted its stake in shares of Donaldson by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 37,363 shares of the company’s stock valued at $1,284,000 after buying an additional 317 shares during the period. Hedge funds and other institutional investors own 81.46% of the company’s stock.

In related news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total value of $523,008.00. Following the completion of the sale, the director now owns 56,877 shares in the company, valued at $2,065,772.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.00% of the stock is currently owned by corporate insiders.

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were paid a $0.175 dividend. This represents a $0.70 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend was Thursday, August 11th. Donaldson’s dividend payout ratio (DPR) is presently 49.30%.

Donaldson Company Profile

Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.

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