Donaldson (NYSE:DCI) Lowered to Buy at StockNews.com

Donaldson (NYSE:DCIGet Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “buy” rating in a report issued on Friday.

Several other brokerages have also recently issued reports on DCI. William Blair restated a “market perform” rating on shares of Donaldson in a research note on Thursday, March 3rd. Robert W. Baird reduced 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 and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $66.67.

Shares of DCI traded up $0.69 during mid-day trading on Friday, reaching $52.47. 284,652 shares of the stock traded hands, compared to its average volume of 430,300. The firm has a market cap of $6.48 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 1.76 and a beta of 1.28. The stock has a fifty day simple moving average of $51.07 and a 200 day simple moving average of $54.66. Donaldson has a 12-month low of $48.13 and a 12-month high of $69.35. The company has a quick ratio of 1.31, a current ratio of 2.06 and a debt-to-equity ratio of 0.50.

Donaldson (NYSE:DCIGet Rating) last posted its quarterly earnings data on Wednesday, March 2nd. The industrial products company reported $0.57 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by ($0.05). The firm had revenue of $802.50 million during the quarter, compared to analysts’ expectations of $770.36 million. Donaldson had a net margin of 10.24% and a return on equity of 28.09%. The business’s quarterly revenue was up 18.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. On average, equities research analysts expect that Donaldson will post 2.7 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Donaldson during the fourth quarter valued at about $209,569,000. Norges Bank acquired a new position in Donaldson during the 4th quarter valued at about $70,192,000. American Century Companies Inc. raised its position in shares of Donaldson by 132.2% during the 4th quarter. American Century Companies Inc. now owns 1,803,843 shares of the industrial products company’s stock worth $106,895,000 after buying an additional 1,026,890 shares in the last quarter. Millennium Management LLC lifted its stake in shares of Donaldson by 690.2% in the 4th quarter. Millennium Management LLC now owns 713,561 shares of the industrial products company’s stock worth $42,286,000 after acquiring an additional 623,258 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in shares of Donaldson by 727.3% in the fourth quarter. HighTower Advisors LLC now owns 641,883 shares of the industrial products company’s stock valued at $38,043,000 after acquiring an additional 564,293 shares in the last quarter. Hedge funds and other institutional investors own 76.84% of the company’s stock.

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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