Donaldson (NYSE:DCI) Price Target Raised to $68.00

Donaldson (NYSE:DCI) had its price objective raised by Morgan Stanley from $67.00 to $68.00 in a research note issued to investors on Wednesday,Benzinga reports. They currently have an underweight rating on the industrial products company’s stock.

DCI has been the topic of a number of other research reports. Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday. Stifel Nicolaus dropped their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Performance

Shares of Donaldson stock opened at $73.35 on Wednesday. The company has a market capitalization of $8.78 billion, a PE ratio of 21.32, a P/E/G ratio of 2.05 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The company has a 50-day simple moving average of $75.11 and a two-hundred day simple moving average of $73.43. Donaldson has a one year low of $60.78 and a one year high of $78.95.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.75 earnings per share. Research analysts expect that Donaldson will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be given a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.47%. Donaldson’s dividend payout ratio is currently 31.40%.

Insider Activity at Donaldson

In related news, Director James Owens sold 5,210 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. This represents a 22.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction that occurred on Friday, September 27th. The stock was sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the sale, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,791,456.08. This represents a 68.92 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 over the last quarter. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. boosted its position in Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares in the last quarter. Mather Group LLC. boosted its position in Donaldson by 408.1% in the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 404 shares in the last quarter. Capital Performance Advisors LLP purchased a new stake in Donaldson in the 3rd quarter worth approximately $41,000. V Square Quantitative Management LLC raised its stake in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after buying an additional 207 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Donaldson by 72.0% during the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after buying an additional 301 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.