Jefferies Group Weighs in on Donaldson Company, Inc.’s Q4 2018 Earnings (DCI)

Donaldson Company, Inc. (NYSE:DCI) – Equities researchers at Jefferies Group boosted their Q4 2018 EPS estimates for shares of Donaldson in a report released on Thursday. Jefferies Group analyst L. Alexander now forecasts that the industrial products company will post earnings per share of $0.58 for the quarter, up from their previous estimate of $0.55. Jefferies Group has a “Buy” rating and a $57.00 price target on the stock. Jefferies Group also issued estimates for Donaldson’s Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.48 EPS, Q3 2019 earnings at $0.59 EPS and Q4 2019 earnings at $0.63 EPS.

A number of other equities research analysts have also recently commented on DCI. Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Stifel Nicolaus set a $48.00 target price on Donaldson and gave the company a “hold” rating in a research report on Friday, August 18th. BidaskClub raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Wednesday, August 23rd. Oppenheimer reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price target on shares of Donaldson in a research note on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $50.60.

Donaldson (NYSE:DCI) traded up $0.18 during trading hours on Monday, hitting $48.36. The stock had a trading volume of 316,322 shares, compared to its average volume of 476,659. Donaldson has a 52-week low of $41.28 and a 52-week high of $50.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. The firm has a market cap of $6,300.39, a PE ratio of 27.40, a PEG ratio of 2.20 and a beta of 1.21.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.04. The company had revenue of $644.80 million for the quarter, compared to the consensus estimate of $602.02 million. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The firm’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same period last year, the firm earned ($0.05) EPS.

Large investors have recently bought and sold shares of the business. BNP Paribas Arbitrage SA grew its stake in shares of Donaldson by 68.9% in the second quarter. BNP Paribas Arbitrage SA now owns 49,853 shares of the industrial products company’s stock worth $2,270,000 after acquiring an additional 20,345 shares in the last quarter. Zacks Investment Management acquired a new position in shares of Donaldson in the second quarter worth $294,000. Koch Industries Inc. acquired a new position in shares of Donaldson in the second quarter worth $618,000. American Century Companies Inc. grew its stake in shares of Donaldson by 1.3% in the second quarter. American Century Companies Inc. now owns 1,203,977 shares of the industrial products company’s stock worth $54,829,000 after acquiring an additional 15,748 shares in the last quarter. Finally, Blair William & Co. IL grew its stake in shares of Donaldson by 3.6% in the second quarter. Blair William & Co. IL now owns 24,116 shares of the industrial products company’s stock worth $1,098,000 after acquiring an additional 830 shares in the last quarter. Institutional investors and hedge funds own 77.64% of the company’s stock.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 21st. Shareholders of record on Wednesday, December 6th will be paid a $0.18 dividend. The ex-dividend date is Tuesday, December 5th. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. Donaldson’s dividend payout ratio (DPR) is 40.68%.

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About Donaldson

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Earnings History and Estimates for Donaldson (NYSE:DCI)

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