Donaldson (NYSE:DCI) Price Target Raised to $105.00

Donaldson (NYSE:DCI) had its target price upped by Robert W. Baird from $95.00 to $105.00 in a research report report published on Wednesday, Marketbeat Ratings reports. They currently have an outperform rating on the industrial products company’s stock.

Several other equities analysts also recently issued reports on DCI. Stifel Nicolaus decreased their price objective on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, June 4th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. 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. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $99.50.

Donaldson Stock Performance

Shares of Donaldson stock opened at $93.19 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. Donaldson has a 52 week low of $73.88 and a 52 week high of $112.84. The firm’s 50 day moving average is $91.30 and its two-hundred day moving average is $90.77. The firm has a market capitalization of $10.80 billion, a P/E ratio of 25.05, a P/E/G ratio of 2.11 and a beta of 0.92.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.01. The business 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%. The company’s revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 EPS. Research analysts forecast that Donaldson will post 3.96 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is presently 34.41%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. denkapparat Operations GmbH lifted its holdings in shares of Donaldson by 59.4% during the second quarter. denkapparat Operations GmbH now owns 6,190 shares of the industrial products company’s stock worth $556,000 after purchasing an additional 2,306 shares during the period. AXQ Capital LP acquired a new position in Donaldson in the 2nd quarter valued at $3,358,000. iSAM Funds UK Ltd purchased a new position in Donaldson during the 2nd quarter worth $323,000. Nykredit A S acquired a new stake in shares of Donaldson in the 2nd quarter worth $305,000. Finally, B. Metzler seel. Sohn & Co. AG boosted its holdings in shares of Donaldson by 35.5% in the second quarter. B. Metzler seel. Sohn & Co. AG now owns 40,987 shares of the industrial products company’s stock valued at $3,679,000 after acquiring an additional 10,747 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

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.