Donaldson Company, Inc. (NYSE:DCI) – Equities research analysts at Oppenheimer lowered their Q2 2019 earnings per share estimates for Donaldson in a research note issued to investors on Wednesday, December 5th. Oppenheimer analyst B. Blair now forecasts that the industrial products company will post earnings of $0.51 per share for the quarter, down from their previous estimate of $0.52. Oppenheimer currently has a “Hold” rating on the stock. Oppenheimer also issued estimates for Donaldson’s Q3 2019 earnings at $0.63 EPS, Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.40 EPS and FY2020 earnings at $2.55 EPS.

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

A number of other equities research analysts also recently weighed in on the stock. SunTrust Banks reaffirmed a “hold” rating and set a $56.00 price objective on shares of Donaldson in a research report on Thursday. Stifel Nicolaus reissued a “hold” rating and set a $53.00 target price on shares of Donaldson in a research note on Thursday. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $56.33.

Shares of NYSE:DCI opened at $51.42 on Friday. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.74. Donaldson has a fifty-two week low of $43.35 and a fifty-two week high of $59.43. The stock has a market cap of $6.57 billion, a P/E ratio of 25.71, a price-to-earnings-growth ratio of 1.87 and a beta of 1.25.

Several large investors have recently modified their holdings of DCI. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Donaldson in the 3rd quarter worth approximately $148,000. Natixis acquired a new stake in shares of Donaldson in the 2nd quarter worth approximately $200,000. Ibex Investors LLC acquired a new stake in shares of Donaldson in the 3rd quarter worth approximately $201,000. Armstrong Henry H Associates Inc. acquired a new stake in shares of Donaldson in the 3rd quarter worth approximately $204,000. Finally, CIBC Asset Management Inc acquired a new stake in shares of Donaldson in the 2nd quarter worth approximately $210,000. 81.42% of the stock is owned by institutional investors.

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

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

About Donaldson

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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