DCI has been the subject of a number of other research reports. Morgan Stanley lifted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Robert W. Baird raised their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $74.00.
Check Out Our Latest Research Report on DCI
Shares of NYSE DCI opened at $70.14 on Friday. Donaldson has a 52-week low of $65.60 and a 52-week high of $78.95. The business's 50 day moving average is $70.10 and its two-hundred day moving average is $72.48. The firm has a market cap of $8.38 billion, a price-to-earnings ratio of 20.39, a PEG ratio of 1.86 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.
Donaldson (NYSE:DCI - Get Free Report) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson's revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.75 EPS. Research analysts predict that Donaldson will post 3.64 EPS for the current year.
In related news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company's stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 2.70% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. lifted its stake in Donaldson by 185.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company's stock worth $91,000 after purchasing an additional 825 shares during the last quarter. Truist Financial Corp lifted its position in shares of Donaldson by 16.4% during the 2nd quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company's stock worth $408,000 after buying an additional 804 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Donaldson in the 2nd quarter valued at $1,075,000. GAMMA Investing LLC grew its position in shares of Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock valued at $53,000 after buying an additional 301 shares during the last quarter. Finally, CWM LLC raised its stake in Donaldson by 24.6% during the 3rd quarter. CWM LLC now owns 7,483 shares of the industrial products company's stock worth $551,000 after acquiring an additional 1,477 shares in the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.
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.
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