Donaldson (NYSE:DCI) Upgraded to Strong-Buy at StockNews.com

Donaldson (NYSE:DCI) was upgraded by stock analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a report issued on Saturday.

A number of other equities research analysts have also commented on the stock. Raymond James began coverage on shares of Donaldson in a report on Friday, June 28th. They set a “market perform” rating on the stock. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, Robert W. Baird lowered their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.67.

Donaldson Stock Performance

NYSE DCI opened at $73.84 on Friday. Donaldson has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a 50 day moving average of $72.44 and a 200-day moving average of $72.92. The firm has a market cap of $8.89 billion, a price-to-earnings ratio of 22.86, a PEG ratio of 1.91 and a beta of 1.05.

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

Insider Buying and Selling at Donaldson

In other news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the transaction, the insider now owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Amy C. Becker sold 14,500 shares of Donaldson stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the transaction, the insider now owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Scott J. Robinson sold 37,600 shares of Donaldson stock in a transaction dated 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 sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The disclosure for this sale can be found here. In the last three months, insiders have sold 112,310 shares of company stock worth $8,092,999. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Donaldson

A number of institutional investors have recently added to or reduced their stakes in the stock. Wealthspire Advisors LLC increased its position in Donaldson by 2.8% in the 1st quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock valued at $381,000 after acquiring an additional 140 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in Donaldson by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock valued at $813,000 after acquiring an additional 146 shares during the period. EverSource Wealth Advisors LLC increased its position in Donaldson by 31.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after acquiring an additional 184 shares during the period. Oak Family Advisors LLC increased its position in Donaldson by 4.3% in the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after acquiring an additional 197 shares during the period. Finally, SkyOak Wealth LLC increased its position in Donaldson by 5.3% in the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after acquiring an additional 228 shares during the period. 82.81% of the stock is currently 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.