Donaldson (NYSE:DCI) Upgraded to Strong-Buy by upgraded shares of Donaldson (NYSE:DCIGet Rating) from a buy rating to a strong-buy rating in a report issued on Tuesday.

Several other analysts also recently issued reports on DCI. William Blair reaffirmed a market perform rating on shares of Donaldson in a research report on Thursday, March 3rd. Robert W. Baird decreased their price target on shares of Donaldson from $70.00 to $65.00 in a research report on Thursday, March 3rd. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Donaldson currently has a consensus rating of Buy and an average target price of $66.67.

NYSE DCI opened at $51.81 on Tuesday. Donaldson has a one year low of $48.52 and a one year high of $69.35. The company’s 50 day moving average price is $52.20 and its 200 day moving average price is $56.32. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.31 and a current ratio of 2.06. The firm has a market capitalization of $6.40 billion, a price-to-earnings ratio of 20.72, a PEG ratio of 1.78 and a beta of 1.33.

Donaldson (NYSE:DCIGet Rating) last issued its quarterly earnings data on Wednesday, March 2nd. The industrial products company reported $0.57 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.05). Donaldson had a net margin of 10.24% and a return on equity of 28.09%. The firm had revenue of $802.50 million during the quarter, compared to analyst estimates of $770.36 million. During the same period last year, the business earned $0.52 EPS. The firm’s revenue was up 18.2% compared to the same quarter last year. Sell-side analysts forecast that Donaldson will post 2.7 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, February 25th. Stockholders of record on Friday, February 11th were given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Thursday, February 10th. Donaldson’s payout ratio is currently 35.20%.

Several hedge funds have recently added to or reduced their stakes in DCI. Winthrop Advisory Group LLC acquired a new position in Donaldson in the first quarter worth $568,000. Carnegie Capital Asset Management LLC acquired a new position in Donaldson in the first quarter worth $359,000. Confluence Investment Management LLC boosted its holdings in Donaldson by 2.8% in the first quarter. Confluence Investment Management LLC now owns 312,383 shares of the industrial products company’s stock worth $16,222,000 after purchasing an additional 8,570 shares during the period. Values First Advisors Inc. acquired a new position in Donaldson in the fourth quarter worth $1,240,000. Finally, Norges Bank acquired a new position in Donaldson in the fourth quarter worth $70,192,000. 78.50% of the stock is owned by institutional investors and hedge funds.

Donaldson Company Profile (Get Rating)

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

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