Donaldson (NYSE:DCI) Coverage Initiated by Analysts at Raymond James

Raymond James initiated coverage on shares of Donaldson (NYSE:DCI) in a report issued on Friday, Marketbeat Ratings reports. The firm issued a market perform rating on the industrial products company’s stock.

Several other brokerages also recently weighed in on DCI. Robert W. Baird cut their price target on shares of Donaldson from $80.00 to $79.00 and set an outperform rating on the stock in a report on Monday, June 3rd. StockNews.com upgraded shares of Donaldson from a buy rating to a strong-buy rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of Hold and an average target price of $67.67.

Donaldson Trading Up 0.4 %

NYSE:DCI opened at $71.56 on Friday. The company has a market capitalization of $8.62 billion, a P/E ratio of 22.15, a PEG ratio of 2.01 and a beta of 1.06. The company has a current ratio of 1.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. Donaldson has a 12 month low of $57.05 and a 12 month high of $78.03. The firm has a fifty day simple moving average of $73.36 and a 200-day simple moving average of $70.15.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. The company had revenue of $927.90 million during the quarter, compared to analysts’ expectations of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.76 EPS. On average, equities research analysts anticipate that Donaldson will post 3.37 earnings per share for the current year.

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were issued a $0.27 dividend. The ex-dividend date was Monday, June 17th. This is an increase from Donaldson’s previous quarterly dividend of $0.25. This represents a $1.08 dividend on an annualized basis and a yield of 1.51%. Donaldson’s payout ratio is presently 33.44%.

Institutional Investors Weigh In On Donaldson

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC lifted its stake in shares of Donaldson by 31.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after purchasing an additional 184 shares during the period. Cambridge Trust Co. raised its position in shares of Donaldson by 90.2% in the first quarter. Cambridge Trust Co. now owns 184,474 shares of the industrial products company’s stock worth $13,777,000 after acquiring an additional 87,507 shares during the period. Virtu Financial LLC purchased a new stake in shares of Donaldson during the 1st quarter worth about $424,000. Public Employees Retirement Association of Colorado acquired a new stake in shares of Donaldson during the 1st quarter valued at about $660,000. Finally, Aristides Capital LLC acquired a new stake in shares of Donaldson during the 1st quarter valued at about $278,000. Institutional investors and hedge funds 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.