Equities analysts predict that Donaldson Company, Inc. (NYSE:DCI) will announce $699.60 million in sales for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Donaldson’s earnings. The highest sales estimate is $705.40 million and the lowest is $696.00 million. Donaldson reported sales of $644.80 million in the same quarter last year, which indicates a positive year-over-year growth rate of 8.5%. The company is expected to report its next earnings results before the market opens on Tuesday, December 4th.

On average, analysts expect that Donaldson will report full-year sales of $2.94 billion for the current financial year, with estimates ranging from $2.93 billion to $2.96 billion. For the next financial year, analysts anticipate that the company will report sales of $3.10 billion, with estimates ranging from $3.03 billion to $3.15 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Donaldson.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 6th. The industrial products company reported $0.58 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. The company had revenue of $724.70 million during the quarter, compared to the consensus estimate of $727.79 million. Donaldson had a net margin of 6.59% and a return on equity of 31.09%. The company’s revenue for the quarter was up 9.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share.

DCI has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. Oppenheimer restated a “hold” rating on shares of Donaldson in a research note on Thursday, September 6th. Stifel Nicolaus restated a “hold” rating and issued a $54.00 price objective (up from $46.00) on shares of Donaldson in a research note on Thursday, September 6th. Finally, ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note 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 stock. The company presently has a consensus rating of “Buy” and an average price target of $60.00.

DCI stock traded up $0.64 during trading hours on Wednesday, hitting $56.68. The company’s stock had a trading volume of 942,300 shares, compared to its average volume of 477,753. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.58. The company has a market capitalization of $7.18 billion, a price-to-earnings ratio of 28.42, a P/E/G ratio of 2.05 and a beta of 1.25. Donaldson has a 12 month low of $43.35 and a 12 month 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 paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, December 10th. Donaldson’s payout ratio is 38.00%.

In other news, Director Willard D. Oberton sold 14,400 shares of the business’s stock in a transaction on Wednesday, September 12th. The shares were sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the sale, the director now directly owns 30,451 shares in the company, valued at $1,731,139.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Richard Brent Lewis sold 3,209 shares of the business’s 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 completion of the sale, the vice president now 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.

Large investors have recently added to or reduced their stakes in the stock. Honkamp Krueger Financial Services Inc. acquired a new position in Donaldson during the 3rd quarter valued at $148,000. Natixis acquired a new position in Donaldson during the 2nd quarter valued at $200,000. Ibex Investors LLC acquired a new position in Donaldson during the 3rd quarter valued at $201,000. Armstrong Henry H Associates Inc. acquired a new position in Donaldson during the 3rd quarter valued at $204,000. Finally, CIBC Asset Management Inc acquired a new position in Donaldson during the 2nd quarter valued at $210,000. 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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