Donaldson (NYSE:DCI) PT Lowered to $71.00

Donaldson (NYSE:DCI) had its price objective decreased by equities researchers at Stifel Nicolaus from $76.00 to $71.00 in a report issued on Thursday, Benzinga reports. The firm presently has a “hold” rating on the industrial products company’s stock. Stifel Nicolaus’ target price indicates a potential downside of 2.37% from the stock’s previous close.

Several other brokerages have also issued reports on DCI. Robert W. Baird cut their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. Raymond James assumed coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and an average price target of $69.67.

Donaldson Trading Up 1.7 %

Shares of Donaldson stock opened at $72.73 on Thursday. The company’s 50-day moving average price is $72.48 and its 200-day moving average price is $72.57. The company has a current ratio of 1.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. Donaldson has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a market cap of $8.76 billion, a price-to-earnings ratio of 22.52, a PEG ratio of 1.90 and a beta of 1.05.

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

Insider Activity

In other news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.58% of the stock is currently owned by corporate insiders.

Institutional Trading of Donaldson

Institutional investors have recently modified their holdings of the company. Park Place Capital Corp purchased a new position in shares of Donaldson during the first quarter valued at approximately $27,000. YHB Investment Advisors Inc. purchased a new position in shares of Donaldson in the 1st quarter valued at approximately $32,000. Global Retirement Partners LLC raised its holdings in Donaldson by 1,252.6% in the first quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 476 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares in the last quarter. Finally, Mather Group LLC. increased its stake in shares of Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 404 shares in the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

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.