Donaldson (NYSE:DCI) Price Target Raised to $105.00

Donaldson (NYSE:DCI) had its target price lifted by equities research analysts at Robert W. Baird from $95.00 to $105.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target would indicate a potential upside of 11.75% from the company’s current price.

Other research analysts have also recently issued research reports about the company. Stifel Nicolaus dropped their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a research report on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Donaldson has an average rating of “Moderate Buy” and a consensus target price of $99.50.

Donaldson Stock Down 0.8%

DCI opened at $93.96 on Wednesday. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The stock has a market cap of $10.89 billion, a price-to-earnings ratio of 25.26, a PEG ratio of 2.19 and a beta of 0.92. Donaldson has a twelve month low of $73.63 and a twelve month high of $112.84. The company’s 50-day moving average price is $90.84 and its two-hundred day moving average price is $90.89.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.01. The company had revenue of $995.10 million during the quarter, compared to analyst estimates of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. Donaldson’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.99 EPS. As a group, equities analysts expect that Donaldson will post 3.96 earnings per share for the current year.

Hedge Funds Weigh In On Donaldson

A number of large investors have recently modified their holdings of DCI. Allworth Financial LP bought a new stake in Donaldson during the 2nd quarter worth approximately $29,000. Trust Co. of Vermont bought a new position in Donaldson in the 2nd quarter valued at $31,000. Leonteq Securities AG purchased a new position in shares of Donaldson during the 4th quarter valued at $40,000. Clearstead Advisors LLC increased its holdings in shares of Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the period. Finally, Strive Financial Group LLC bought a new position in shares of Donaldson in the fourth quarter worth $57,000. 82.81% of the stock is currently owned by institutional investors.

Donaldson Company Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.