Donaldson (NYSE:DCI) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Donaldson (NYSE:DCI) had its target price upped by research analysts at Robert W. Baird from $85.00 to $96.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s target price would indicate a potential upside of 8.89% from the company’s previous close.

Several other research firms have also weighed in on DCI. Morgan Stanley raised Donaldson from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $72.00 to $84.00 in a research note on Monday, November 24th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Finally, Stifel Nicolaus increased their price objective on shares of Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a research note on Monday, November 24th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Donaldson currently has an average rating of “Moderate Buy” and an average target price of $90.00.

Donaldson Stock Up 0.0%

NYSE DCI opened at $88.16 on Wednesday. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The company has a market cap of $10.21 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.19 and a beta of 0.99. The company has a 50 day moving average of $84.48 and a 200-day moving average of $77.09. Donaldson has a 1-year low of $57.45 and a 1-year high of $90.94.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The firm had revenue of $802.50 million for the quarter. On average, equities research analysts expect that Donaldson will post 3.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Donaldson

Institutional investors have recently modified their holdings of the company. Focus Partners Wealth lifted its stake in shares of Donaldson by 314.0% in the 1st quarter. Focus Partners Wealth now owns 57,028 shares of the industrial products company’s stock valued at $3,824,000 after purchasing an additional 43,254 shares during the period. Brandywine Global Investment Management LLC acquired a new position in Donaldson in the first quarter valued at approximately $4,849,000. Deutsche Bank AG boosted its holdings in shares of Donaldson by 112.6% during the 1st quarter. Deutsche Bank AG now owns 27,570 shares of the industrial products company’s stock worth $1,849,000 after buying an additional 14,603 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its holdings in shares of Donaldson by 6.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 668,399 shares of the industrial products company’s stock worth $44,823,000 after buying an additional 41,623 shares in the last quarter. Finally, Voya Investment Management LLC grew its position in shares of Donaldson by 20.9% during the 1st quarter. Voya Investment Management LLC now owns 157,802 shares of the industrial products company’s stock worth $10,582,000 after buying an additional 27,325 shares during the period. 82.81% of the stock is owned by institutional investors.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.