Donaldson (NYSE:DCI) Price Target Raised to $110.00

Donaldson (NYSE:DCI) had its target price increased by Robert W. Baird from $105.00 to $110.00 in a research note issued to investors on Thursday,Benzinga reports. They currently have an outperform rating on the industrial products company’s stock.

Several other analysts have also recently commented on the stock. Stifel Nicolaus lowered their target price 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 raised Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th. Finally, Wells Fargo & Company set a $91.00 price objective on Donaldson in a research report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, Donaldson currently has a consensus rating of “Moderate Buy” and an average price target of $101.00.

Donaldson Price Performance

Donaldson stock opened at $91.81 on Thursday. Donaldson has a 12-month low of $78.52 and a 12-month high of $112.84. The stock has a market capitalization of $10.64 billion, a P/E ratio of 23.85, a P/E/G ratio of 2.13 and a beta of 0.92. The firm’s 50-day moving average is $92.01 and its two-hundred day moving average is $90.33. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.55.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 26th. The industrial products company reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.02. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The company’s revenue was up 8.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. Donaldson has set its FY 2027 guidance at 4.220-4.380 EPS. Equities analysts predict that Donaldson will post 4.32 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s payout ratio is currently 33.25%.

Hedge Funds Weigh In On Donaldson

Hedge funds have recently made changes to their positions in the business. TIAA Trust National Association lifted its stake in shares of Donaldson by 2.0% in the 4th quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock worth $496,000 after acquiring an additional 108 shares during the period. HB Wealth Management LLC increased its stake in shares of Donaldson by 3.8% during the first quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock valued at $297,000 after acquiring an additional 129 shares during the period. Quadrant Capital Group LLC increased its stake in shares of Donaldson by 2.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock valued at $500,000 after acquiring an additional 132 shares during the period. Blue Trust Inc. raised its holdings in Donaldson by 4.8% during the first quarter. Blue Trust Inc. now owns 2,925 shares of the industrial products company’s stock worth $248,000 after purchasing an additional 133 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Donaldson by 8.9% during the first quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company’s stock worth $145,000 after purchasing an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

About Donaldson

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.