Donaldson (NYSE:DCI – Get Rating) had its price objective boosted by stock analysts at Robert W. Baird from $59.00 to $66.00 in a research report issued to clients and investors on Thursday, The Fly reports. The brokerage presently has an "outperform" rating on the industrial products company's stock. Robert W. Baird's price target points to a potential upside of 8.53% from the company's previous close.
Separately, StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Friday, November 11th.
Get Donaldson alerts:Donaldson Stock Up 0.1 %
Shares of Donaldson stock opened at $60.81 on Thursday. Donaldson has a 1 year low of $46.00 and a 1 year high of $61.94. The business has a 50-day moving average of $55.76 and a two-hundred day moving average of $52.98. The company has a market capitalization of $7.45 billion, a P/E ratio of 22.11, a price-to-earnings-growth ratio of 1.93 and a beta of 1.24. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.35 and a quick ratio of 1.44.
Donaldson (NYSE:DCI – Get Rating) last posted its quarterly earnings data on Wednesday, August 31st. The industrial products company reported $0.84 earnings per share for the quarter, hitting the consensus estimate of $0.84. The company had revenue of $890.00 million during the quarter, compared to analysts' expectations of $879.61 million. Donaldson had a return on equity of 31.03% and a net margin of 10.11%. Donaldson's revenue for the quarter was up 15.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.66 earnings per share. As a group, equities analysts predict that Donaldson will post 3 EPS for the current year.Insider Activity at Donaldson
In related news, VP Wim Vermeersch sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 29th. The stock was sold at an average price of $49.35, for a total transaction of $493,500.00. Following the completion of the transaction, the vice president now directly owns 24,669 shares of the company's stock, valued at $1,217,415.15. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Donaldson news, SVP Thomas R. Scalf sold 7,000 shares of the company's stock in a transaction that occurred on Thursday, October 13th. The stock was sold at an average price of $51.67, for a total value of $361,690.00. Following the sale, the senior vice president now owns 26,166 shares in the company, valued at $1,351,997.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Wim Vermeersch sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $49.35, for a total value of $493,500.00. Following the completion of the sale, the vice president now owns 24,669 shares in the company, valued at approximately $1,217,415.15. The disclosure for this sale can be found here. Insiders own 2.77% of the company's stock.
Institutional Trading of Donaldson
Institutional investors and hedge funds have recently bought and sold shares of the business. TD Asset Management Inc. raised its stake in Donaldson by 33.3% in the first quarter. TD Asset Management Inc. now owns 457,042 shares of the industrial products company's stock valued at $23,734,000 after buying an additional 114,091 shares during the period. Crossmark Global Holdings Inc. increased its stake in shares of Donaldson by 5.8% during the first quarter. Crossmark Global Holdings Inc. now owns 18,758 shares of the industrial products company's stock worth $974,000 after purchasing an additional 1,030 shares during the period. State of Alaska Department of Revenue increased its stake in shares of Donaldson by 2.1% during the second quarter. State of Alaska Department of Revenue now owns 17,751 shares of the industrial products company's stock worth $854,000 after purchasing an additional 370 shares during the period. Pinebridge Investments L.P. increased its stake in shares of Donaldson by 11.5% during the first quarter. Pinebridge Investments L.P. now owns 14,344 shares of the industrial products company's stock worth $745,000 after purchasing an additional 1,476 shares during the period. Finally, Russell Investments Group Ltd. increased its stake in shares of Donaldson by 98.1% during the second quarter. Russell Investments Group Ltd. now owns 181,181 shares of the industrial products company's stock worth $8,719,000 after purchasing an additional 89,704 shares during the period. Institutional investors own 80.20% of the company's stock.
Donaldson Company Profile
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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.
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