Equities analysts expect Donaldson Company, Inc. (NYSE:DCI) to announce sales of $727.89 million for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for Donaldson’s earnings, with the lowest sales estimate coming in at $718.91 million and the highest estimate coming in at $756.20 million. Donaldson posted sales of $660.10 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 10.3%. The business is expected to announce its next earnings report before the market opens on Thursday, September 6th.
According to Zacks, analysts expect that Donaldson will report full-year sales of $2.74 billion for the current fiscal year, with estimates ranging from $2.73 billion to $2.77 billion. For the next fiscal year, analysts anticipate that the business will report sales of $2.89 billion per share, with estimates ranging from $2.84 billion to $2.98 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Donaldson.
Donaldson (NYSE:DCI) last announced its earnings results on Thursday, May 31st. The industrial products company reported $0.53 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.01. Donaldson had a return on equity of 30.15% and a net margin of 5.47%. The company had revenue of $700.00 million during the quarter, compared to analyst estimates of $682.68 million. During the same period last year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year.
In related news, Director Michael J. Hoffman sold 14,400 shares of the firm’s stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $44.70, for a total value of $643,680.00. Following the transaction, the director now owns 43,716 shares in the company, valued at $1,954,105.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.09% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Macquarie Group Ltd. boosted its holdings in Donaldson by 450.9% in the fourth quarter. Macquarie Group Ltd. now owns 4,958 shares of the industrial products company’s stock valued at $243,000 after acquiring an additional 4,058 shares during the last quarter. Advisor Group Inc. boosted its holdings in Donaldson by 91.3% during the fourth quarter. Advisor Group Inc. now owns 3,139 shares of the industrial products company’s stock worth $154,000 after buying an additional 1,498 shares during the last quarter. AdvisorNet Financial Inc boosted its holdings in Donaldson by 240.8% during the second quarter. AdvisorNet Financial Inc now owns 8,595 shares of the industrial products company’s stock worth $388,000 after buying an additional 6,073 shares during the last quarter. Mariner LLC bought a new position in Donaldson during the first quarter worth about $1,149,000. Finally, State of Alaska Department of Revenue boosted its holdings in Donaldson by 32.7% during the second quarter. State of Alaska Department of Revenue now owns 15,710 shares of the industrial products company’s stock worth $708,000 after buying an additional 3,870 shares during the last quarter. Institutional investors and hedge funds own 77.07% of the company’s stock.
Shares of NYSE:DCI traded down $0.13 during midday trading on Friday, reaching $47.26. The company’s stock had a trading volume of 327,085 shares, compared to its average volume of 341,861. Donaldson has a fifty-two week low of $42.59 and a fifty-two week high of $52.20. The firm has a market cap of $6.11 billion, a PE ratio of 27.96, a price-to-earnings-growth ratio of 1.81 and a beta of 1.19. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.28 and a current ratio of 3.14.
The company also recently declared a quarterly dividend, which will be paid on Thursday, August 30th. Investors of record on Tuesday, August 14th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 1.61%. The ex-dividend date is Monday, August 13th. Donaldson’s dividend payout ratio is 44.97%.
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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