Robert W. Baird Raises Donaldson (NYSE:DCI) Price Target to $80.00

Donaldson (NYSE:DCI) had its price objective increased by analysts at Robert W. Baird from $76.00 to $80.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price objective points to a potential upside of 8.89% from the stock’s previous close.

Several other research analysts have also weighed in on DCI. Morgan Stanley started coverage on shares of Donaldson in a research note on Monday, January 8th. They set an “underweight” rating and a $59.00 price objective on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $67.50.

Donaldson Stock Down 1.1 %

Donaldson stock opened at $73.47 on Thursday. The firm has a market capitalization of $8.84 billion, a PE ratio of 23.93, a P/E/G ratio of 2.15 and a beta of 1.10. The company’s 50-day moving average is $71.16 and its 200-day moving average is $65.03. Donaldson has a fifty-two week low of $57.05 and a fifty-two week high of $75.44. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.07. The company had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. Donaldson’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS. Sell-side analysts anticipate that Donaldson will post 3.28 earnings per share for the current year.

Insiders Place Their Bets

In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $71.09, for a total transaction of $545,971.20. Following the transaction, the president now owns 34,334 shares in the company, valued at approximately $2,440,804.06. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, President Thomas R. Scalf sold 7,680 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the transaction, the president now owns 34,334 shares of the company’s stock, valued at approximately $2,440,804.06. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Willard D. Oberton sold 4,500 shares of the stock in a transaction that occurred on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the transaction, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Insiders have sold a total of 79,407 shares of company stock worth $5,817,942 in the last quarter. Corporate insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Donaldson

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Millburn Ridgefield Corp acquired a new position in Donaldson in the 3rd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in Donaldson in the 3rd quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new position in Donaldson in the 4th quarter valued at approximately $27,000. Ronald Blue Trust Inc. increased its position in Donaldson by 792.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock valued at $28,000 after acquiring an additional 404 shares during the period. Finally, Lindbrook Capital LLC increased its position in Donaldson by 58.2% in the 4th quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after acquiring an additional 174 shares during the period. Institutional investors 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.