Donaldson (NYSE:DCI) Lowered to Buy at StockNews.com

StockNews.com downgraded shares of Donaldson (NYSE:DCI) from a strong-buy rating to a buy rating in a research note issued to investors on Friday morning.

Several other equities analysts have also recently issued reports on DCI. Raymond James began coverage on Donaldson in a research report on Friday, June 28th. They issued a market perform rating on the stock. Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a hold rating on the stock in a research report on Thursday, August 29th. Finally, Robert W. Baird dropped their target price on Donaldson from $80.00 to $79.00 and set an outperform rating on the stock in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of Hold and an average price target of $69.67.

Donaldson Stock Down 1.2 %

DCI opened at $72.30 on Friday. The business’s 50-day simple moving average is $72.46 and its 200-day simple moving average is $72.90. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. Donaldson has a one year low of $57.05 and a one year high of $78.03. The stock has a market capitalization of $8.71 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. The firm had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Analysts anticipate that Donaldson will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s payout ratio is 33.44%.

Insider Transactions at Donaldson

In other news, Director James Owens sold 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director James Owens sold 5,210 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the sale, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at approximately $2,675,710.94. The disclosure for this sale can be found here. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Donaldson

A number of institutional investors and hedge funds have recently bought and sold shares of DCI. BNP Paribas Financial Markets lifted its stake in Donaldson by 32.1% in the 4th quarter. BNP Paribas Financial Markets now owns 13,162 shares of the industrial products company’s stock valued at $860,000 after buying an additional 3,201 shares in the last quarter. Norges Bank purchased a new stake in Donaldson in the 4th quarter valued at approximately $57,923,000. UBS Group AG lifted its stake in Donaldson by 83.5% in the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock valued at $25,014,000 after buying an additional 174,193 shares in the last quarter. Coldstream Capital Management Inc. purchased a new stake in Donaldson in the 4th quarter valued at approximately $253,000. Finally, Corient Private Wealth LLC lifted its stake in Donaldson by 138.1% in the 4th quarter. Corient Private Wealth LLC now owns 85,139 shares of the industrial products company’s stock valued at $5,564,000 after buying an additional 49,383 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

About Donaldson

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.