Donaldson (NYSE:DCI) Issues Earnings Results

Donaldson (NYSE:DCI) released its quarterly earnings results on Tuesday. The industrial products company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.13 by $0.02, FiscalAI reports. The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.

Donaldson Price Performance

Donaldson stock opened at $93.29 on Wednesday. The stock has a market cap of $10.81 billion, a P/E ratio of 25.08, a price-to-earnings-growth ratio of 2.11 and a beta of 0.92. The company has a fifty day simple moving average of $91.55 and a 200-day simple moving average of $90.52. Donaldson has a 12-month low of $75.58 and a 12-month high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35.

Donaldson Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, August 17th. Donaldson’s dividend payout ratio (DPR) is presently 34.41%.

Analysts Set New Price Targets

Several research firms have weighed in on DCI. Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Robert W. Baird increased their target price on shares of Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Finally, Stifel Nicolaus decreased their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $99.50.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Strive Financial Group LLC purchased a new position in shares of Donaldson in the 4th quarter valued at about $57,000. UMB Bank n.a. lifted its stake in Donaldson by 47.9% during the fourth quarter. UMB Bank n.a. now owns 1,115 shares of the industrial products company’s stock worth $99,000 after purchasing an additional 361 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Donaldson by 389.1% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,389 shares of the industrial products company’s stock valued at $114,000 after purchasing an additional 1,105 shares in the last quarter. Quarry LP boosted its holdings in Donaldson by 23.4% in the third quarter. Quarry LP now owns 1,671 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 317 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd increased its stake in Donaldson by 726.3% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 1,950 shares of the industrial products company’s stock valued at $173,000 after purchasing an additional 1,714 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

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.