Q3 2023 EPS Estimates for Donaldson Company, Inc. Lifted by Oppenheimer (NYSE:DCI)

Donaldson Company, Inc. (NYSE:DCI – Get Rating) – Stock analysts at Oppenheimer boosted their Q3 2023 EPS estimates for shares of Donaldson in a note issued to investors on Thursday, March 2nd. Oppenheimer analyst B. Blair now expects that the industrial products company will earn $0.72 per share for the quarter, up from their prior forecast of $0.71. The consensus estimate for Donaldson’s current full-year earnings is $3.04 per share.

Donaldson (NYSE:DCI – Get Rating) last released its quarterly earnings results on Wednesday, March 1st. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The firm had revenue of $828.30 million for the quarter, compared to analysts’ expectations of $838.29 million. Donaldson had a net margin of 10.45% and a return on equity of 32.35%. The business’s revenue was up 3.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.57 EPS.

Several other research analysts have also recently commented on DCI. Robert W. Baird raised their target price on shares of Donaldson from $66.00 to $69.00 in a report on Friday. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Friday, November 11th. Finally, Morgan Stanley increased their price target on shares of Donaldson from $66.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday.

Donaldson Stock Up 0.8 %

Shares of DCI opened at $66.89 on Monday. Donaldson has a 12 month low of $46.00 and a 12 month high of $66.96. The firm’s 50 day moving average is $61.88 and its 200-day moving average is $57.71. The stock has a market capitalization of $8.14 billion, a PE ratio of 23.23, a P/E/G ratio of 2.10 and a beta of 1.21. The company has a current ratio of 2.33, a quick ratio of 1.48 and a debt-to-equity ratio of 0.52.

Hedge Funds Weigh In On Donaldson

A number of hedge funds have recently bought and sold shares of DCI. EverSource Wealth Advisors LLC acquired a new position in shares of Donaldson during the third quarter valued at about $27,000. Belpointe Asset Management LLC acquired a new position in shares of Donaldson during the fourth quarter valued at about $32,000. Fred Alger Management LLC acquired a new position in shares of Donaldson during the third quarter valued at about $35,000. Adirondack Trust Co. acquired a new position in shares of Donaldson during the third quarter valued at about $39,000. Finally, Ronald Blue Trust Inc. grew its holdings in shares of Donaldson by 217.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 797 shares of the industrial products company’s stock valued at $39,000 after buying an additional 546 shares during the last quarter. Institutional investors own 80.10% of the company’s stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 6,912 shares of the firm’s stock in a transaction that occurred on Tuesday, December 13th. The shares were sold at an average price of $60.39, for a total value of $417,415.68. Following the sale, the director now owns 38,806 shares in the company, valued at $2,343,494.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Ajita G. Rajendra sold 6,912 shares of Donaldson stock in a transaction on Tuesday, December 13th. The shares were sold at an average price of $60.39, for a total transaction of $417,415.68. Following the transaction, the director now owns 38,806 shares in the company, valued at $2,343,494.34. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Thomas R. Scalf sold 4,500 shares of Donaldson stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $61.00, for a total transaction of $274,500.00. Following the transaction, the president now directly owns 26,443 shares of the company’s stock, valued at approximately $1,613,023. The disclosure for this sale can be found here. Insiders have sold 22,212 shares of company stock worth $1,405,580 over the last quarter. Corporate insiders own 2.77% of the company’s stock.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, February 27th. Shareholders of record on Friday, February 10th were given a $0.23 dividend. The ex-dividend date was Thursday, February 9th. This represents a $0.92 dividend on an annualized basis and a yield of 1.38%. Donaldson’s dividend payout ratio is currently 31.94%.

Donaldson Company Profile

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.