Donaldson (NYSE:DCI) Cut to Hold at Wall Street Zen

Wall Street Zen lowered shares of Donaldson (NYSE:DCI) from a buy rating to a hold rating in a research report report published on Saturday.

A number of other research analysts have also recently commented on DCI. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Stifel Nicolaus reduced their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Finally, Wells Fargo & Company set a $91.00 price objective on Donaldson in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Donaldson currently has an average rating of “Moderate Buy” and a consensus target price of $97.83.

Donaldson Trading Up 2.1%

Shares of DCI stock opened at $96.21 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The stock has a fifty day simple moving average of $88.07 and a two-hundred day simple moving average of $91.23. The firm has a market capitalization of $11.15 billion, a PE ratio of 25.86, a PEG ratio of 2.38 and a beta of 0.92. Donaldson has a 52-week low of $71.03 and a 52-week high of $112.84.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, beating the consensus estimate of $1.05 by $0.01. The business had revenue of $995.10 million for the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business’s revenue was up 5.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.99 earnings per share. On average, analysts predict that Donaldson will post 3.96 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th. Donaldson’s dividend payout ratio is presently 34.41%.

Hedge Funds Weigh In On Donaldson

Several institutional investors have recently bought and sold shares of DCI. Leonteq Securities AG bought a new stake in Donaldson during the 4th quarter valued at $40,000. Eagle Bay Advisors LLC purchased a new position in shares of Donaldson in the 4th quarter valued at $45,000. Clearstead Advisors LLC raised its position in shares of Donaldson by 92.6% in the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 288 shares in the last quarter. Strive Financial Group LLC bought a new position in shares of Donaldson in the 4th quarter worth $57,000. Finally, Sachetta LLC purchased a new stake in shares of Donaldson during the 1st quarter worth $65,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.