Raymond James Initiates Coverage on Donaldson (NYSE:DCI)

Investment analysts at Raymond James assumed coverage on shares of Donaldson (NYSE:DCI) in a research report issued on Friday, Briefing.com reports. The brokerage set a “market perform” rating on the industrial products company’s stock.

Other analysts have also recently issued research reports about the company. Robert W. Baird lowered their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and an average price target of $67.67.

Donaldson Stock Up 0.3 %

DCI opened at $71.31 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30. The stock has a market capitalization of $8.59 billion, a price-to-earnings ratio of 22.08, a price-to-earnings-growth ratio of 2.01 and a beta of 1.06. The business has a 50-day moving average of $73.36 and a two-hundred day moving average of $70.08. Donaldson has a 12 month low of $57.05 and a 12 month high of $78.03.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. The company had revenue of $927.90 million during the quarter, compared to analysts’ expectations of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.76 EPS. On average, research analysts expect that Donaldson will post 3.37 earnings per share for the current year.

Hedge Funds Weigh In On Donaldson

Several hedge funds and other institutional investors have recently modified their holdings of DCI. Wealthspire Advisors LLC lifted its position in Donaldson by 2.8% during the 1st quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock worth $381,000 after acquiring an additional 140 shares in the last quarter. Lindbrook Capital LLC lifted its position in Donaldson by 58.2% during the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after acquiring an additional 174 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in Donaldson by 31.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after acquiring an additional 184 shares in the last quarter. SkyOak Wealth LLC lifted its position in Donaldson by 5.3% during the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock worth $341,000 after acquiring an additional 228 shares in the last quarter. Finally, Claro Advisors LLC lifted its position in Donaldson by 2.3% during the 1st quarter. Claro Advisors LLC now owns 10,461 shares of the industrial products company’s stock worth $781,000 after acquiring an additional 235 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

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.