Donaldson (NYSE:DCI) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Donaldson (NYSE:DCI) from a strong-buy rating to a buy rating in a report released on Monday morning.

Several other research firms have also recently commented on DCI. Morgan Stanley raised their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird increased their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Donaldson Trading Up 0.7 %

Shares of Donaldson stock opened at $66.99 on Monday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a market capitalization of $8.00 billion, a P/E ratio of 19.47, a PEG ratio of 1.89 and a beta of 1.06. Donaldson has a 1 year low of $62.77 and a 1 year high of $78.95. The company’s fifty day moving average is $72.50 and its two-hundred day moving average is $72.64.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $0.75 EPS. Analysts forecast that Donaldson will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.27 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.61%. Donaldson’s dividend payout ratio (DPR) is presently 31.40%.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC raised its stake in Donaldson by 1.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock worth $813,000 after acquiring an additional 146 shares in the last quarter. Claro Advisors LLC increased its position in shares of Donaldson by 2.0% during the 3rd quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock worth $755,000 after purchasing an additional 203 shares in the last quarter. GAMMA Investing LLC boosted its position in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares in the last quarter. V Square Quantitative Management LLC grew its stake in Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares during the last quarter. Finally, Hancock Whitney Corp increased its holdings in shares of Donaldson by 1.2% during the third quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock worth $1,397,000 after buying an additional 219 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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.