Donaldson (NYSE:DCI) Given New $78.00 Price Target at Robert W. Baird

Donaldson (NYSE:DCI) had its price objective hoisted by Robert W. Baird from $76.00 to $78.00 in a report released on Wednesday,Benzinga reports. The firm currently has an outperform rating on the industrial products company’s stock.

DCI has been the subject of a number of other reports. Wall Street Zen downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Stifel Nicolaus decreased their price target on Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $70.00.

Donaldson Stock Performance

NYSE DCI opened at $70.39 on Wednesday. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 20.46, a PEG ratio of 1.82 and a beta of 1.01. Donaldson has a twelve month low of $57.45 and a twelve month high of $78.95. The stock has a fifty day simple moving average of $66.36 and a 200 day simple moving average of $68.86. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.95 by $0.04. The business had revenue of $940.10 million during the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. Sell-side analysts expect that Donaldson will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.30 per share. This is an increase from Donaldson’s previous quarterly dividend of $0.27. The ex-dividend date is Monday, June 16th. This represents a $1.20 annualized dividend and a dividend yield of 1.70%. Donaldson’s dividend payout ratio (DPR) is 31.58%.

Insider Activity

In other news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the sale, the director now owns 20,246 shares of the company’s stock, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The disclosure for this sale can be found here. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Donaldson

A number of hedge funds and other institutional investors have recently bought and sold shares of DCI. Colonial Trust Co SC bought a new stake in Donaldson during the 4th quarter valued at $25,000. Cullen Frost Bankers Inc. bought a new stake in Donaldson during the 1st quarter valued at $29,000. Smartleaf Asset Management LLC increased its stake in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares in the last quarter. Brooklyn Investment Group increased its stake in Donaldson by 113.9% during the 1st quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 320 shares in the last quarter. Finally, Johnson Financial Group Inc. increased its stake in Donaldson by 48.8% during the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock valued at $42,000 after purchasing an additional 195 shares in the last quarter. 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.