Donaldson (NYSE:DCI) Stock Rating Upgraded by StockNews.com

Donaldson (NYSE:DCI) was upgraded by analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued to clients and investors on Thursday.

A number of other equities analysts have also recently commented on DCI. Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Raymond James initiated coverage on shares of Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird lowered their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average target price of $69.67.

Donaldson Price Performance

Shares of NYSE DCI opened at $70.69 on Thursday. The firm has a fifty day moving average of $72.34 and a 200 day moving average of $72.86. Donaldson has a one year low of $57.05 and a one year high of $78.03. The firm has a market cap of $8.51 billion, a PE ratio of 21.89, a PEG ratio of 1.84 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

Insider Activity

In related news, CFO Scott J. Robinson sold 37,600 shares of the firm’s stock in a transaction dated Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Victory Capital Management Inc. grew its holdings in shares of Donaldson by 53.0% during the 4th quarter. Victory Capital Management Inc. now owns 30,561 shares of the industrial products company’s stock worth $1,997,000 after purchasing an additional 10,585 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Donaldson by 2.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 754,647 shares of the industrial products company’s stock valued at $49,316,000 after acquiring an additional 15,682 shares during the last quarter. Principal Securities Inc. purchased a new stake in shares of Donaldson in the 4th quarter valued at approximately $120,000. BNP Paribas Financial Markets lifted its holdings in shares of Donaldson by 32.1% in the 4th quarter. BNP Paribas Financial Markets now owns 13,162 shares of the industrial products company’s stock worth $860,000 after acquiring an additional 3,201 shares during the last quarter. Finally, Beacon Pointe Advisors LLC boosted its position in shares of Donaldson by 3.4% during the 4th quarter. Beacon Pointe Advisors LLC now owns 9,924 shares of the industrial products company’s stock worth $649,000 after purchasing an additional 325 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

About Donaldson

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.