Donaldson (NYSE:DCI) Releases Quarterly Earnings Results, Beats Expectations By $0.01 EPS

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Donaldson (NYSE:DCI) announced its quarterly earnings data on Thursday. The industrial products company reported $0.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.01, Morningstar.com reports. The firm had revenue of $726.90 million for the quarter, compared to the consensus estimate of $725.32 million. Donaldson had a net margin of 9.39% and a return on equity of 32.31%. The company’s revenue was up .3% on a year-over-year basis. During the same period last year, the firm earned $0.58 EPS. Donaldson updated its FY 2020 guidance to $2.21-2.37 EPS and its FY20 guidance to $2.21-2.37 EPS.

Shares of NYSE DCI opened at $50.45 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.82 and a current ratio of 2.63. The company has a market cap of $6.43 billion, a P/E ratio of 22.83, a P/E/G ratio of 1.98 and a beta of 1.41. The firm’s fifty day moving average is $48.49 and its two-hundred day moving average is $49.91. Donaldson has a 52-week low of $40.27 and a 52-week high of $59.43.

The business also recently declared a quarterly dividend, which was paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th were issued a $0.21 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. Donaldson’s dividend payout ratio is currently 38.01%.

Separately, Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price target on the stock in a report on Monday, May 27th. Six research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and an average target price of $53.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN increased its holdings in Donaldson by 3.7% in the 1st quarter. Wells Fargo & Company MN now owns 737,765 shares of the industrial products company’s stock valued at $36,932,000 after acquiring an additional 26,457 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Donaldson by 13.5% in the 1st quarter. PNC Financial Services Group Inc. now owns 136,527 shares of the industrial products company’s stock valued at $6,835,000 after acquiring an additional 16,217 shares during the last quarter. Meeder Asset Management Inc. bought a new stake in Donaldson in the 2nd quarter valued at $66,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Donaldson by 7.5% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 6,618 shares of the industrial products company’s stock worth $330,000 after buying an additional 460 shares during the last quarter. Finally, Laurion Capital Management LP bought a new stake in shares of Donaldson in the 1st quarter worth about $541,000. Institutional investors own 80.61% of the company’s stock.

Donaldson Company Profile

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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Earnings History for Donaldson (NYSE:DCI)

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