Donaldson Company, Inc. (DCI) Receives $53.67 Average PT from Brokerages

Shares of Donaldson Company, Inc. (NYSE:DCI) have earned a consensus recommendation of “Hold” from the seven ratings firms that are covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $53.67.

Separately, Zacks Investment Research downgraded shares of Donaldson from a “hold” rating to a “sell” rating in a research report on Tuesday, February 5th.

In other news, Director Willard D. Oberton sold 14,400 shares of Donaldson stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $49.10, for a total value of $707,040.00. Following the completion of the transaction, the director now owns 33,172 shares of the company’s stock, valued at approximately $1,628,745.20. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Tod E. Carpenter sold 4,000 shares of Donaldson stock in a transaction dated Friday, March 29th. The shares were sold at an average price of $50.02, for a total transaction of $200,080.00. Following the completion of the transaction, the chairman now directly owns 102,037 shares of the company’s stock, valued at approximately $5,103,890.74. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Highwater Wealth Management LLC bought a new position in shares of Donaldson in the 4th quarter valued at about $27,000. Riverview Trust Co bought a new position in shares of Donaldson in the 4th quarter valued at about $27,000. CX Institutional bought a new position in shares of Donaldson in the 1st quarter valued at about $32,000. Penserra Capital Management LLC bought a new position in shares of Donaldson in the 4th quarter valued at about $34,000. Finally, Enlightenment Research LLC bought a new position in shares of Donaldson in the 4th quarter valued at about $48,000. 79.99% of the stock is owned by institutional investors.

Donaldson stock opened at $52.65 on Monday. The firm has a market capitalization of $6.73 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 2.13 and a beta of 1.44. Donaldson has a 1-year low of $40.27 and a 1-year high of $59.43. The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.72.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.04). The business had revenue of $703.70 million during the quarter, compared to the consensus estimate of $719.40 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The firm’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period last year, the business posted $0.43 EPS. On average, research analysts anticipate that Donaldson will post 2.33 earnings per share for the current year.

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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