Jefferies Group LLC restated their buy rating on shares of Donaldson Company, Inc. (NYSE:DCI) in a research note issued to investors on Tuesday, October 3rd. The firm currently has a $54.00 price target on the industrial products company’s stock.
DCI has been the subject of a number of other research reports. Oppenheimer Holdings, Inc. reissued a hold rating on shares of Donaldson in a research report on Thursday, September 7th. Robert W. Baird reaffirmed a hold rating and issued a $47.00 target price on shares of Donaldson in a report on Friday, September 8th. BidaskClub raised shares of Donaldson from a hold rating to a buy rating in a report on Thursday, July 13th. Stifel Nicolaus set a $48.00 target price on shares of Donaldson and gave the stock a hold rating in a report on Friday, August 18th. Finally, Zacks Investment Research cut shares of Donaldson from a buy rating to a hold rating in a research note on Wednesday, August 9th. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus price target of $48.67.
Donaldson (DCI) remained flat at $46.45 during midday trading on Tuesday. The stock had a trading volume of 184,921 shares. The firm has a 50 day moving average of $45.76 and a 200 day moving average of $46.15. The firm has a market cap of $6.03 billion, a PE ratio of 26.70 and a beta of 1.22. Donaldson has a 12-month low of $35.85 and a 12-month high of $48.91.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The company had revenue of $660.10 million during the quarter, compared to the consensus estimate of $634.41 million. During the same period last year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 11.2% on a year-over-year basis. On average, equities research analysts anticipate that Donaldson will post ($0.38) EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Schroder Investment Management Group bought a new position in Donaldson during the 1st quarter valued at about $154,000. Northwestern Mutual Wealth Management Co. grew its holdings in Donaldson by 5.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,217 shares of the industrial products company’s stock valued at $192,000 after purchasing an additional 217 shares during the last quarter. Mosaic Family Wealth LLC grew its holdings in Donaldson by 5.1% during the 2nd quarter. Mosaic Family Wealth LLC now owns 4,428 shares of the industrial products company’s stock valued at $202,000 after purchasing an additional 213 shares during the last quarter. Quantbot Technologies LP bought a new position in Donaldson during the 2nd quarter valued at about $207,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Donaldson during the 1st quarter valued at about $209,000. Hedge funds and other institutional investors own 78.24% of the company’s stock.
Donaldson 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.