Donaldson (NYSE:DCI) Price Target Increased to $69.00 by Analysts at Robert W. Baird

Donaldson (NYSE:DCI) had its price target boosted by Robert W. Baird from $67.00 to $69.00 in a research report report published on Wednesday, FlyOnTheWall reports.

A number of other analysts also recently issued reports on DCI. Citigroup assumed coverage on Donaldson in a report on Tuesday, June 27th. They set a neutral rating and a $66.00 price target for the company. They noted that the move was a valuation call. StockNews.com downgraded Donaldson from a strong-buy rating to a buy rating in a report on Wednesday, August 16th.

Donaldson Stock Performance

Shares of DCI opened at $63.75 on Wednesday. The stock has a 50-day simple moving average of $62.10 and a 200-day simple moving average of $62.81. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.27 and a current ratio of 1.90. The stock has a market capitalization of $7.73 billion, a PE ratio of 21.46, a PEG ratio of 1.85 and a beta of 1.20. Donaldson has a 1 year low of $48.17 and a 1 year high of $66.96.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.78 EPS for the quarter, meeting analysts’ consensus estimates of $0.78. The company had revenue of $879.50 million for the quarter, compared to the consensus estimate of $896.05 million. Donaldson had a net margin of 10.69% and a return on equity of 32.06%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.84 EPS. On average, analysts predict that Donaldson will post 3.04 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Monday, August 14th. Donaldson’s payout ratio is currently 33.67%.

Insider Activity

In other news, CFO Scott J. Robinson sold 24,000 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $62.44, for a total value of $1,498,560.00. Following the completion of the sale, the chief financial officer now directly owns 27,670 shares of the company’s stock, valued at approximately $1,727,714.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.77% of the company’s stock.

Institutional Trading of Donaldson

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in Donaldson by 0.8% during the 3rd quarter. Vanguard Group Inc. now owns 12,570,319 shares of the industrial products company’s stock valued at $616,072,000 after acquiring an additional 97,879 shares during the last quarter. BlackRock Inc. increased its position in Donaldson by 3.9% during the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock worth $571,026,000 after purchasing an additional 413,360 shares during the period. State Street Corp increased its position in Donaldson by 2.0% during the 3rd quarter. State Street Corp now owns 6,900,690 shares of the industrial products company’s stock worth $338,203,000 after purchasing an additional 132,979 shares during the period. FMR LLC increased its position in Donaldson by 4.8% during the 1st quarter. FMR LLC now owns 4,296,643 shares of the industrial products company’s stock worth $280,743,000 after purchasing an additional 197,536 shares during the period. Finally, Franklin Resources Inc. increased its position in Donaldson by 3.3% during the 2nd quarter. Franklin Resources Inc. now owns 2,883,929 shares of the industrial products company’s stock worth $180,274,000 after purchasing an additional 93,338 shares during the period. 80.35% of the stock is owned by hedge funds and other institutional investors.

Donaldson Company Profile

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.