Equities research analysts expect that Donaldson Company, Inc. (NYSE:DCI) will report sales of $695.79 million for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Donaldson’s earnings, with the lowest sales estimate coming in at $686.18 million and the highest estimate coming in at $704.80 million. Donaldson reported sales of $703.70 million in the same quarter last year, which would suggest a negative year over year growth rate of 1.1%. The company is expected to report its next quarterly earnings report on Wednesday, March 4th.
On average, analysts expect that Donaldson will report full-year sales of $2.87 billion for the current fiscal year, with estimates ranging from $2.86 billion to $2.87 billion. For the next year, analysts expect that the business will post sales of $2.97 billion, with estimates ranging from $2.90 billion to $3.09 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Donaldson.
Donaldson (NYSE:DCI) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.51 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.02). Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The firm had revenue of $672.70 million during the quarter, compared to the consensus estimate of $699.34 million. During the same period in the prior year, the company earned $0.56 EPS. The firm’s revenue was down 4.1% compared to the same quarter last year.
DCI has been the subject of a number of analyst reports. ValuEngine upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, November 1st. Stifel Nicolaus set a $50.00 target price on shares of Donaldson and gave the stock a “hold” rating in a report on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $52.25.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Millennium Management LLC increased its position in shares of Donaldson by 335.0% during the third quarter. Millennium Management LLC now owns 734,664 shares of the industrial products company’s stock valued at $38,261,000 after acquiring an additional 565,759 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Donaldson in the 2nd quarter worth about $16,423,000. State Street Corp boosted its position in shares of Donaldson by 5.6% in the 3rd quarter. State Street Corp now owns 5,834,296 shares of the industrial products company’s stock worth $303,850,000 after buying an additional 311,084 shares in the last quarter. Janus Henderson Group PLC boosted its position in shares of Donaldson by 7.2% in the 2nd quarter. Janus Henderson Group PLC now owns 4,420,603 shares of the industrial products company’s stock worth $224,832,000 after buying an additional 296,782 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D purchased a new stake in shares of Donaldson in the 3rd quarter worth about $7,067,000. 80.31% of the stock is owned by institutional investors and hedge funds.
NYSE DCI traded down $0.28 during trading on Friday, hitting $53.63. 827,800 shares of the company’s stock traded hands, compared to its average volume of 428,804. The stock has a fifty day moving average of $54.27 and a two-hundred day moving average of $50.67. The company has a debt-to-equity ratio of 0.65, a current ratio of 2.32 and a quick ratio of 1.64. Donaldson has a 12-month low of $40.27 and a 12-month high of $56.56. The firm has a market cap of $7.08 billion, a P/E ratio of 24.27, a PEG ratio of 2.27 and a beta of 1.45.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Tuesday, December 10th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s payout ratio is currently 38.01%.
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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