Donaldson Company, Inc. (NYSE:DCI) – Equities research analysts at William Blair lifted their Q2 2019 earnings per share estimates for shares of Donaldson in a report issued on Wednesday, December 5th. William Blair analyst B. Drab now forecasts that the industrial products company will post earnings of $0.52 per share for the quarter, up from their previous estimate of $0.50. William Blair also issued estimates for Donaldson’s Q3 2019 earnings at $0.64 EPS, Q4 2019 earnings at $0.68 EPS, FY2019 earnings at $2.39 EPS and FY2020 earnings at $2.59 EPS.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). The firm had revenue of $701.40 million for the quarter, compared to analyst estimates of $700.98 million. Donaldson had a return on equity of 32.75% and a net margin of 6.92%. The firm’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 EPS.

Other equities analysts have also recently issued research reports about the stock. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research report on Thursday, September 6th. Stifel Nicolaus reissued a “hold” rating and issued a $54.00 price target (up previously from $46.00) on shares of Donaldson in a research report on Thursday, September 6th. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research report on Monday, September 10th. Finally, ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, September 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $60.00.

Shares of NYSE DCI opened at $51.29 on Thursday. The company has a market cap of $6.57 billion, a PE ratio of 25.65, a PEG ratio of 1.88 and a beta of 1.25. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.40 and a quick ratio of 1.69. Donaldson has a 1 year low of $43.35 and a 1 year high of $59.43.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 21st. Stockholders of record on Tuesday, December 11th will be given a dividend of $0.19 per share. The ex-dividend date is Monday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. Donaldson’s dividend payout ratio (DPR) is currently 38.00%.

In other news, Director Willard D. Oberton sold 14,400 shares of Donaldson stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total transaction of $818,640.00. Following the completion of the sale, the director now directly owns 30,451 shares of the company’s stock, valued at approximately $1,731,139.35. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of Donaldson stock in a transaction on Friday, September 14th. The stock was sold at an average price of $58.99, for a total transaction of $189,298.91. Following the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at $235,960. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

A number of large investors have recently made changes to their positions in the stock. Ledyard National Bank raised its stake in Donaldson by 23.6% during the 3rd quarter. Ledyard National Bank now owns 5,333 shares of the industrial products company’s stock worth $311,000 after acquiring an additional 1,020 shares in the last quarter. Stone Ridge Asset Management LLC raised its stake in Donaldson by 3.6% during the 3rd quarter. Stone Ridge Asset Management LLC now owns 33,256 shares of the industrial products company’s stock worth $1,937,000 after acquiring an additional 1,164 shares in the last quarter. Arizona State Retirement System raised its stake in Donaldson by 1.6% during the 3rd quarter. Arizona State Retirement System now owns 91,581 shares of the industrial products company’s stock worth $5,336,000 after acquiring an additional 1,413 shares in the last quarter. Oregon Public Employees Retirement Fund raised its stake in Donaldson by 2.9% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,016 shares of the industrial products company’s stock worth $2,302,000 after acquiring an additional 1,461 shares in the last quarter. Finally, Stephens Inc. AR raised its stake in Donaldson by 2.2% during the 2nd quarter. Stephens Inc. AR now owns 71,361 shares of the industrial products company’s stock worth $3,220,000 after acquiring an additional 1,526 shares in the last quarter. Hedge funds and other institutional investors own 81.42% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Earnings History and Estimates for Donaldson (NYSE:DCI)

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