Brokerages Set Donaldson Company, Inc. (NYSE:DCI) PT at $100.20

Donaldson Company, Inc. (NYSE:DCI) has received a consensus recommendation of “Hold” from the five research firms that are presently covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $100.20.

Several research analysts have recently issued reports on DCI shares. Jefferies Financial Group raised their target price on shares of Donaldson to $123.00 and gave the company a “buy” rating in a research note on Monday, February 2nd. Weiss Ratings cut Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 15th. UBS Group set a $96.00 price objective on Donaldson in a research note on Tuesday, February 24th. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Finally, Morgan Stanley decreased their price objective on Donaldson from $93.00 to $91.00 and set an “equal weight” rating for the company in a research note on Monday, March 9th.

Donaldson Stock Up 1.8%

Shares of NYSE DCI opened at $82.99 on Thursday. The firm has a market capitalization of $9.61 billion, a PE ratio of 25.93, a price-to-earnings-growth ratio of 2.05 and a beta of 0.99. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. Donaldson has a 1 year low of $67.71 and a 1 year high of $112.84. The firm’s 50-day moving average is $86.24 and its 200-day moving average is $91.97.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.90 by ($0.07). The business had revenue of $896.30 million during the quarter, compared to the consensus estimate of $898.64 million. Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The firm’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period last year, the business posted $0.83 EPS. Equities analysts expect that Donaldson will post 3.97 EPS for the current year.

Insider Activity at Donaldson

In related news, Director James Owens sold 13,753 shares of Donaldson stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the completion of the sale, the director directly owned 22,565 shares of the company’s stock, valued at $2,013,023.65. The trade was a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 19,800 shares of company stock worth $1,765,184 over the last ninety days. 2.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Donaldson

Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada lifted its holdings in Donaldson by 38.2% during the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock worth $6,848,000 after acquiring an additional 28,207 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in Donaldson by 16.5% during the first quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 494 shares in the last quarter. Millennium Management LLC lifted its holdings in Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock worth $15,020,000 after acquiring an additional 181,602 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Donaldson by 29.0% during the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock worth $18,745,000 after acquiring an additional 62,864 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its holdings in Donaldson by 84.9% during the second quarter. EverSource Wealth Advisors LLC now owns 2,032 shares of the industrial products company’s stock worth $141,000 after acquiring an additional 933 shares in 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.