Donaldson (NYSE:DCI) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of Donaldson (NYSE:DCI – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “strong-buy” rating on the industrial products company’s stock.

A number of other equities research analysts have also commented on the stock. Morgan Stanley upped their price target on shares of Donaldson from $66.00 to $70.00 and gave the company an “overweight” rating in a report on Thursday, March 2nd. Robert W. Baird upped their price target on shares of Donaldson from $66.00 to $69.00 in a report on Friday, March 3rd.

Donaldson Price Performance

Shares of Donaldson stock opened at $62.60 on Thursday. The stock has a market capitalization of $7.59 billion, a P/E ratio of 21.74, a price-to-earnings-growth ratio of 2.00 and a beta of 1.21. Donaldson has a one year low of $46.00 and a one year high of $66.96. The company has a debt-to-equity ratio of 0.52, a current ratio of 2.33 and a quick ratio of 1.46. The business’s 50 day simple moving average is $62.70 and its two-hundred day simple moving average is $58.20.

Donaldson (NYSE:DCI – Get Rating) last issued its earnings results on Wednesday, March 8th. The industrial products company reported $0.75 EPS for the quarter, topping the consensus estimate of $0.69 by $0.06. Donaldson had a net margin of 10.45% and a return on equity of 32.35%. The company had revenue of $828.30 million for the quarter, compared to the consensus estimate of $838.29 million. During the same period in the previous year, the firm earned $0.57 earnings per share. The firm’s revenue for the quarter was up 3.2% on a year-over-year basis. Analysts forecast that Donaldson will post 3.05 EPS for the current year.

Insiders Place Their Bets

In other Donaldson news, Director James Owens sold 10,800 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total value of $713,664.00. Following the completion of the transaction, the director now directly owns 14,378 shares in the company, valued at approximately $950,098.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Donaldson news, Director James Owens sold 10,800 shares of the company’s stock in a transaction on Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total value of $713,664.00. Following the completion of the transaction, the director now directly owns 14,378 shares in the company, valued at approximately $950,098.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Thomas R. Scalf sold 4,500 shares of the company’s stock in a transaction on Wednesday, January 11th. The stock was sold at an average price of $61.00, for a total transaction of $274,500.00. Following the completion of the transaction, the president now owns 26,443 shares of the company’s stock, valued at $1,613,023. The disclosure for this sale can be found here. Company insiders own 2.77% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of DCI. Citigroup Inc. increased its stake in shares of Donaldson by 30.9% in the 1st quarter. Citigroup Inc. now owns 27,567 shares of the industrial products company’s stock worth $1,431,000 after acquiring an additional 6,503 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in Donaldson by 10.5% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 45,273 shares of the industrial products company’s stock valued at $2,351,000 after purchasing an additional 4,296 shares during the last quarter. BlackRock Inc. grew its position in Donaldson by 3.9% during the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after purchasing an additional 413,360 shares during the last quarter. APG Asset Management N.V. purchased a new stake in Donaldson during the 1st quarter valued at about $1,391,000. Finally, Great West Life Assurance Co. Can grew its position in Donaldson by 8.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 71,204 shares of the industrial products company’s stock valued at $3,802,000 after purchasing an additional 5,642 shares during the last quarter. 80.10% of the stock is currently owned by institutional investors.

About Donaldson

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.