Donaldson (NYSE:DCI) Raised to “Strong-Buy” at StockNews.com

Donaldson (NYSE:DCI) was upgraded by research analysts at StockNews.com from a “buy” rating to a “strong-buy” rating in a research report issued on Monday.

DCI has been the subject of a number of other reports. Robert W. Baird raised their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $74.00.

Donaldson Price Performance

Shares of NYSE:DCI opened at $69.54 on Monday. The business has a 50 day moving average price of $69.26 and a 200 day moving average price of $72.18. Donaldson has a twelve month low of $66.01 and a twelve month high of $78.95. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 20.21, a PEG ratio of 1.82 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) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.75 EPS. Research analysts predict that Donaldson will post 3.64 earnings per share for the current year.

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction on Thursday, January 2nd. The shares were 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 in the company, valued at $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Donaldson

A number of large investors have recently bought and sold shares of the stock. Creative Planning boosted its holdings in Donaldson by 2.7% in the third quarter. Creative Planning now owns 30,017 shares of the industrial products company’s stock worth $2,212,000 after acquiring an additional 786 shares in the last quarter. Raymond James & Associates grew its position in Donaldson by 6.4% in the 3rd quarter. Raymond James & Associates now owns 195,258 shares of the industrial products company’s stock valued at $14,390,000 after purchasing an additional 11,664 shares during the period. Private Advisor Group LLC increased its stake in Donaldson by 7.3% during the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock valued at $2,128,000 after purchasing an additional 1,974 shares in the last quarter. Hennion & Walsh Asset Management Inc. raised its holdings in Donaldson by 29.2% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 5,180 shares of the industrial products company’s stock worth $382,000 after buying an additional 1,170 shares during the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of Donaldson by 169.2% during the third quarter. Assenagon Asset Management S.A. now owns 151,908 shares of the industrial products company’s stock valued at $11,196,000 after buying an additional 95,473 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Company Profile

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.