Donaldson Company, Inc. (NYSE:DCI – Get Free Report) has been assigned a consensus rating of “Hold” from the five analysts that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $100.20.
A number of equities research analysts recently weighed in on the company. UBS Group set a $96.00 price objective on Donaldson in a research report on Tuesday, February 24th. Wall Street Zen downgraded Donaldson from a “buy” rating to a “hold” rating in a research report on Saturday, March 7th. Weiss Ratings downgraded Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 15th. Robert W. Baird dropped their price objective on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Finally, Jefferies Financial Group raised their price objective on Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd.
View Our Latest Stock Report on Donaldson
Donaldson Stock Performance
Donaldson (NYSE:DCI – Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The firm had revenue of $896.30 million for the quarter, compared to analysts’ expectations of $898.64 million. During the same quarter in the prior year, the business posted $0.83 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Donaldson will post 3.97 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, Director James Owens sold 13,753 shares of the firm’s stock in a transaction dated Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the sale, the director owned 22,565 shares of the company’s stock, valued at $2,013,023.65. This trade represents a 37.87% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 19,800 shares of company stock worth $1,765,184 over the last 90 days. 2.20% of the stock is owned by company insiders.
Institutional Investors Weigh In On Donaldson
Several institutional investors have recently added to or reduced their stakes in DCI. Leonteq Securities AG acquired a new stake in Donaldson in the fourth quarter worth about $40,000. Eagle Bay Advisors LLC acquired a new stake in Donaldson in the fourth quarter worth about $45,000. Clearstead Advisors LLC boosted its holdings in Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 288 shares in the last quarter. Strive Financial Group LLC acquired a new stake in Donaldson in the fourth quarter worth about $57,000. Finally, Sachetta LLC acquired a new stake in Donaldson in the first quarter worth about $65,000. Institutional investors and hedge funds own 82.81% of the company’s stock.
About Donaldson
Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.
Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.
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