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

Donaldson Company, Inc. (NYSE:DCI) has received a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $101.67.

Several equities analysts have commented on the company. Morgan Stanley upped their price target on Donaldson from $91.00 to $95.00 and gave the company an “equal weight” rating in a report on Tuesday, September 29th. Robert W. Baird lifted their price objective on Donaldson from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, August 27th. Stifel Nicolaus set a $95.00 price objective on Donaldson in a report on Friday, August 28th. Wall Street Zen cut Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, September 19th. Finally, Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, August 20th.

Donaldson Stock Down 0.4%

Shares of DCI opened at $85.56 on Thursday. The company has a 50-day simple moving average of $87.76 and a 200-day simple moving average of $90.58. The firm has a market capitalization of $9.91 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.98 and a beta of 0.88. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.41 and a current ratio of 2.08. Donaldson has a 52 week low of $79.61 and a 52 week high of $112.84.

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

Institutional Investors Weigh In On Donaldson

Institutional investors have recently bought and sold shares of the business. IFP Advisors Inc raised its stake in shares of Donaldson by 9.9% in the 3rd quarter. IFP Advisors Inc now owns 1,283 shares of the industrial products company’s stock valued at $112,000 after buying an additional 116 shares in the last quarter. HB Wealth Management LLC lifted its holdings in shares of Donaldson by 3.8% during the 1st quarter. HB Wealth Management LLC now owns 3,502 shares of the industrial products company’s stock worth $297,000 after acquiring an additional 129 shares during the period. Bessemer Group Inc. boosted its position in shares of Donaldson by 8.9% during the 1st quarter. Bessemer Group Inc. now owns 1,707 shares of the industrial products company’s stock valued at $145,000 after acquiring an additional 139 shares in the last quarter. Studio Investment Management LLC boosted its position in shares of Donaldson by 1.6% during the 2nd quarter. Studio Investment Management LLC now owns 11,413 shares of the industrial products company’s stock valued at $1,025,000 after acquiring an additional 185 shares in the last quarter. Finally, Childress Capital Advisors LLC boosted its position in shares of Donaldson by 5.8% during the 1st quarter. Childress Capital Advisors LLC now owns 3,715 shares of the industrial products company’s stock valued at $315,000 after acquiring an additional 204 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global manufacturer of filtration systems and replacement parts. The company serves original-equipment manufacturers, industrial businesses and aftermarket customers with products designed to protect engines, equipment, processes and the surrounding environment.

Its product portfolio includes air, oil, fuel, hydraulic and coolant filters for on- and off-road vehicles and heavy equipment, as well as filtration systems for industrial dust, fume and mist collection.