Donaldson Company, Inc. (NYSE:DCI) Receives $97.83 Consensus Price Target from Analysts

Shares of Donaldson Company, Inc. (NYSE:DCI) have been given a consensus recommendation of “Moderate Buy” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $97.8333.

Several research firms recently issued reports on DCI. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a report on Saturday. Stifel Nicolaus lowered their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 target price on Donaldson in a research report on Thursday, June 4th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Leonteq Securities AG acquired a new stake in Donaldson in the fourth quarter valued at $40,000. Eagle Bay Advisors LLC acquired a new position in shares of Donaldson during the 4th quarter worth $45,000. Clearstead Advisors LLC grew its stake in shares of Donaldson by 92.6% during the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the period. Strive Financial Group LLC purchased a new position in shares of Donaldson in the 4th quarter valued at about $57,000. Finally, Sachetta LLC purchased a new position in shares of Donaldson in the 1st quarter valued at about $65,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Stock Performance

Shares of DCI opened at $94.39 on Tuesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a market capitalization of $10.94 billion, a P/E ratio of 25.37, a P/E/G ratio of 2.38 and a beta of 0.93. The company’s fifty day moving average is $87.82 and its two-hundred day moving average is $91.27. Donaldson has a 1 year low of $70.17 and a 1 year high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. Donaldson’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.99 EPS. On average, sell-side analysts predict that Donaldson will post 3.96 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. This is a boost from Donaldson’s previous quarterly dividend of $0.30. The ex-dividend date was Monday, June 15th. Donaldson’s dividend payout ratio (DPR) is presently 34.41%.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.