Donaldson (DCI) Sets New 12-Month High at $53.45

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Donaldson Company, Inc. (NYSE:DCI) hit a new 52-week high during trading on Thursday . The company traded as high as $53.45 and last traded at $53.21, with a volume of 50516 shares changing hands. The stock had previously closed at $50.90.

A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Wednesday, August 1st. Oppenheimer reissued a “hold” rating on shares of Donaldson in a research report on Thursday. Stifel Nicolaus dropped their price objective on shares of Donaldson from $51.00 to $46.00 and set a “hold” rating on the stock in a research report on Friday, June 1st. Finally, TheStreet raised shares of Donaldson from a “c+” rating to a “b+” rating in a research report on Thursday, May 31st. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $50.60.

The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.28 and a current ratio of 3.14. The stock has a market cap of $6.53 billion, a P/E ratio of 31.12, a price-to-earnings-growth ratio of 1.94 and a beta of 1.22.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 6th. The industrial products company reported $0.58 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.58. The firm had revenue of $724.70 million for the quarter, compared to the consensus estimate of $727.79 million. Donaldson had a net margin of 5.47% and a return on equity of 30.15%. The company’s revenue was up 9.8% on a year-over-year basis. During the same period last year, the firm posted $0.51 EPS. analysts predict that Donaldson Company, Inc. will post 1.99 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, August 30th. Investors of record on Tuesday, August 14th were given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.42%. The ex-dividend date was Monday, August 13th. Donaldson’s dividend payout ratio (DPR) is 44.97%.

In related news, Director John Wiehoff sold 14,400 shares of the stock in a transaction on Thursday, June 14th. The shares were sold at an average price of $47.86, for a total value of $689,184.00. Following the transaction, the director now directly owns 62,620 shares of the company’s stock, valued at approximately $2,996,993.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.09% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of DCI. Profund Advisors LLC lifted its stake in shares of Donaldson by 7.2% in the 1st quarter. Profund Advisors LLC now owns 16,973 shares of the industrial products company’s stock worth $765,000 after acquiring an additional 1,138 shares during the period. Ledyard National Bank lifted its stake in shares of Donaldson by 39.0% in the 2nd quarter. Ledyard National Bank now owns 4,313 shares of the industrial products company’s stock worth $195,000 after acquiring an additional 1,210 shares during the period. Mason Street Advisors LLC lifted its stake in shares of Donaldson by 1.9% in the 1st quarter. Mason Street Advisors LLC now owns 65,247 shares of the industrial products company’s stock worth $2,939,000 after acquiring an additional 1,247 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in shares of Donaldson by 2.9% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 51,016 shares of the industrial products company’s stock worth $2,302,000 after acquiring an additional 1,461 shares during the period. Finally, LPL Financial LLC lifted its stake in shares of Donaldson by 20.6% in the 1st quarter. LPL Financial LLC now owns 8,800 shares of the industrial products company’s stock worth $396,000 after acquiring an additional 1,505 shares during the period. 80.19% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson Company Profile (NYSE:DCI)

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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