Donaldson Company, Inc. (DCI) Stock Rating Reaffirmed by Stifel Nicolaus

Donaldson Company, Inc. (NYSE:DCI)‘s stock had its “hold” rating reaffirmed by Stifel Nicolaus in a report issued on Thursday.

A number of other equities analysts have also recently issued reports on DCI. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a report on Tuesday. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a report on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $54.00 target price on shares of Donaldson in a report on Tuesday, October 3rd. 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. Finally, Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. Donaldson has an average rating of “Hold” and an average price target of $48.67.

Shares of Donaldson (NYSE:DCI) opened at 47.17 on Thursday. Donaldson has a 12 month low of $35.85 and a 12 month high of $48.91. The firm has a market capitalization of $6.13 billion, a price-to-earnings ratio of 27.11 and a beta of 1.22. The company has a 50-day moving average price of $45.78 and a 200-day moving average price of $46.21.

Donaldson (NYSE:DCI) last issued its earnings results on Thursday, September 7th. The industrial products company reported $0.51 earnings per share (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 firm had revenue of $660.10 million during the quarter, compared to analyst estimates of $634.41 million. During the same period in the previous year, the company earned $0.46 EPS. Donaldson’s revenue for the quarter was up 11.2% on a year-over-year basis. Equities analysts forecast that Donaldson will post ($0.38) EPS for the current fiscal year.

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Several hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Donaldson by 1.4% in the second quarter. Vanguard Group Inc. now owns 12,319,252 shares of the industrial products company’s stock valued at $561,018,000 after buying an additional 166,412 shares during the period. BlackRock Inc. increased its stake in shares of Donaldson by 1.9% in the second quarter. BlackRock Inc. now owns 10,590,302 shares of the industrial products company’s stock valued at $482,282,000 after buying an additional 199,946 shares during the period. FMR LLC increased its stake in shares of Donaldson by 1.9% in the second quarter. FMR LLC now owns 1,901,024 shares of the industrial products company’s stock valued at $86,573,000 after buying an additional 34,711 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Donaldson by 1.7% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,841,796 shares of the industrial products company’s stock valued at $83,876,000 after buying an additional 30,614 shares during the period. Finally, Janus Henderson Group PLC increased its stake in shares of Donaldson by 163.8% in the second quarter. Janus Henderson Group PLC now owns 1,479,606 shares of the industrial products company’s stock valued at $67,381,000 after buying an additional 918,729 shares during the period. 78.23% of the stock is owned by institutional investors.

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.

Analyst Recommendations for Donaldson (NYSE:DCI)

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