Donaldson Company, Inc. (NYSE:DCI) Stock Has Consensus Target Price of $101.67 According to Analysts

Shares of Donaldson Company, Inc. (NYSE:DCI) have earned a consensus rating of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $101.67.

A number of research firms have recently commented on DCI. Stifel Nicolaus set a $95.00 target price on Donaldson in a research report on Friday, August 28th. Morgan Stanley upped their price target on Donaldson from $91.00 to $95.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 29th. Robert W. Baird increased their price target on Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 27th. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Weiss Ratings raised Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, August 20th.

Donaldson Stock Performance

DCI opened at $87.16 on Friday. The firm has a fifty day moving average price of $90.59 and a 200 day moving average price of $88.47. Donaldson has a 1 year low of $79.61 and a 1 year high of $112.84. The stock has a market cap of $10.09 billion, a P/E ratio of 22.64, a P/E/G ratio of 2.00 and a beta of 0.87. The company has a debt-to-equity ratio of 0.73, a current ratio of 2.08 and a quick ratio of 1.41.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, August 25th. The industrial products company reported $1.15 EPS for the quarter, beating the consensus estimate of $1.13 by $0.02. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.04 billion. Donaldson had a net margin of 11.68% and a return on equity of 28.68%. The firm’s revenue was up 8.0% on a year-over-year basis. During the same quarter last year, the business earned $1.03 earnings per share. Equities research analysts anticipate that Donaldson will post 4.33 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 31st. Stockholders of record on Monday, August 17th were paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend was Monday, August 17th. Donaldson’s dividend payout ratio is presently 33.25%.

Institutional Investors Weigh In On Donaldson

A number of institutional investors have recently added to or reduced their stakes in the stock. Allworth Financial LP acquired a new stake in Donaldson in the 2nd quarter valued at about $29,000. Trust Co. of Vermont purchased a new position in Donaldson in the 2nd quarter worth approximately $31,000. Sachetta LLC acquired a new position in shares of Donaldson during the 1st quarter worth approximately $65,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Donaldson during the 2nd quarter worth approximately $83,000. Finally, Caitong International Asset Management Co. Ltd acquired a new position in shares of Donaldson during the 4th quarter worth approximately $104,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

About Donaldson

Donaldson Company, Inc is a global manufacturer of filtration systems and related products. Founded in 1915 by Frank Donaldson, the company develops solutions that help protect engines, equipment, industrial processes and the environment from airborne and liquid contaminants.

Donaldson serves the engine and industrial markets. Its products include air and liquid filters, exhaust and emissions systems, hydraulic and fuel filtration products, dust and fume collectors, compressed-air and gas filtration systems, and filtration solutions for manufacturing, energy, transportation, agriculture, construction and other applications.