The Donaldson Company, Inc. (DCI) Lifted to Buy at Jefferies Group LLC

The Donaldson Company, Inc. (DCI) Lifted to Buy at Jefferies Group LLC

Separately, Zacks Investment Research cut Donaldson Company from a buy rating to a hold rating in a research note on Tuesday, May 23rd. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus target price of $46.80.

Jefferies Group LLC upgraded shares of Donaldson Company, Inc. (NYSE:DCI) from a hold rating to a buy rating in a research report released on Wednesday. Jefferies Group LLC currently has $54.00 price target on the industrial products company’s stock.

Shares of Donaldson Company (NYSE:DCI) opened at 46.71 on Wednesday. Donaldson Company has a 12-month low of $33.22 and a 12-month high of $48.91. The firm has a market cap of $6.17 billion, a PE ratio of 28.66 and a beta of 0.98. The firm’s 50-day moving average is $46.45 and its 200-day moving average is $43.96.

Donaldson Company (NYSE:DCI) last released its earnings results on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $608.20 million during the quarter, compared to analysts’ expectations of $580.44 million. Donaldson Company had a return on equity of 27.42% and a net margin of 9.41%. The business’s revenue was up 6.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. Equities analysts expect that Donaldson Company will post ($0.38) earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 28th. Stockholders of record on Monday, June 12th will be paid a dividend of $0.175 per share. This represents a $0.70 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Thursday, June 8th. Donaldson Company’s dividend payout ratio (DPR) is currently 44.87%. In other news, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $44.86, for a total transaction of $645,984.00. Following the completion of the transaction, the director now directly owns 28,057 shares in the company, valued at approximately $1,258,637.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in DCI. Clean Yield Group acquired a new position in Donaldson Company during the first quarter valued at approximately $109,000. Seven Eight Capital LP purchased a new stake in Donaldson Company during the fourth quarter valued at about $109,000. TrimTabs Asset Management LLC purchased a new stake in Donaldson Company during the first quarter valued at about $125,000. Schroder Investment Management Group purchased a new stake in Donaldson Company during the first quarter valued at about $154,000. Finally, Tyers Asset Management LLC purchased a new stake in Donaldson Company during the fourth quarter valued at about $160,000. Institutional investors own 80.95% of the company’s stock. Donaldson Company Company Profile

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DCI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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