ValuEngine Lowers Donaldson (NYSE:DCI) to Hold

Donaldson (NYSE:DCI) was downgraded by ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Wednesday, ValuEngine reports.

Separately, Stifel Nicolaus set a $50.00 price objective on Donaldson and gave the stock a “hold” rating in a report on Friday, September 6th. Five research analysts have rated the stock with a hold rating, Donaldson has an average rating of “Hold” and a consensus target price of $52.25.

Shares of NYSE DCI opened at $54.88 on Wednesday. The stock’s fifty day simple moving average is $54.39 and its 200 day simple moving average is $50.71. The stock has a market capitalization of $7.08 billion, a price-to-earnings ratio of 24.83, a PEG ratio of 2.27 and a beta of 1.45. The company has a quick ratio of 1.64, a current ratio of 2.32 and a debt-to-equity ratio of 0.65. Donaldson has a 52-week low of $40.27 and a 52-week high of $56.56.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.51 EPS for the quarter, missing the consensus estimate of $0.53 by ($0.02). Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The company had revenue of $672.70 million for the quarter, compared to analysts’ expectations of $699.34 million. During the same period in the prior year, the company earned $0.56 earnings per share. The company’s revenue for the quarter was down 4.1% on a year-over-year basis. As a group, analysts anticipate that Donaldson will post 2.28 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of DCI. Millennium Management LLC lifted its holdings in shares of Donaldson by 335.0% in the third quarter. Millennium Management LLC now owns 734,664 shares of the industrial products company’s stock valued at $38,261,000 after purchasing an additional 565,759 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in Donaldson during the second quarter valued at $16,423,000. State Street Corp lifted its stake in Donaldson by 5.6% in the 3rd quarter. State Street Corp now owns 5,834,296 shares of the industrial products company’s stock worth $303,850,000 after acquiring an additional 311,084 shares in the last quarter. Janus Henderson Group PLC lifted its stake in Donaldson by 7.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,420,603 shares of the industrial products company’s stock worth $224,832,000 after acquiring an additional 296,782 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in Donaldson in the 3rd quarter worth about $7,067,000. 80.31% of the stock is owned by hedge funds and other institutional investors.

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.

See Also: Cost of Goods Sold (COGS)

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