Donaldson (NYSE:DCI) Now Covered by Raymond James

Stock analysts at Raymond James started coverage on shares of Donaldson (NYSE:DCI) in a research report issued to clients and investors on Friday, Marketbeat Ratings reports. The brokerage set a “market perform” rating on the industrial products company’s stock.

Several other analysts have also recently issued reports on DCI. Robert W. Baird reduced their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $67.67.

Donaldson Trading Up 0.4 %

DCI opened at $71.56 on Friday. The firm has a market cap of $8.62 billion, a P/E ratio of 22.15, a P/E/G ratio of 2.02 and a beta of 1.06. The company has a quick ratio of 1.30, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. Donaldson has a 52 week low of $57.05 and a 52 week high of $78.03. The business has a fifty day simple moving average of $73.36 and a 200-day simple moving average of $70.20.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.08. The business had revenue of $927.90 million for the quarter, compared to analysts’ expectations of $915.84 million. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.76 earnings per share. On average, equities analysts expect that Donaldson will post 3.37 earnings per share for the current year.

Institutional Trading of Donaldson

A number of hedge funds and other institutional investors have recently bought and sold shares of DCI. TD Asset Management Inc raised its stake in Donaldson by 215.2% in the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock valued at $101,485,000 after buying an additional 1,060,232 shares in the last quarter. Norges Bank acquired a new stake in shares of Donaldson during the fourth quarter worth about $57,923,000. Epoch Investment Partners Inc. increased its position in shares of Donaldson by 91.0% during the fourth quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock worth $74,610,000 after purchasing an additional 544,008 shares in the last quarter. Eagle Ridge Investment Management acquired a new stake in shares of Donaldson during the first quarter worth about $25,351,000. Finally, Confluence Investment Management LLC acquired a new stake in shares of Donaldson during the first quarter worth about $25,018,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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.