Donaldson (NYSE:DCI) Lifted to Strong-Buy at StockNews.com

Donaldson (NYSE:DCIGet Free Report) was upgraded by equities researchers at StockNews.com from a “buy” rating to a “strong-buy” rating in a research note issued on Monday.

Other research analysts have also recently issued research reports about the company. Morgan Stanley assumed coverage on Donaldson in a research note on Monday, January 8th. They issued an “underweight” rating and a $59.00 price target for the company. Stifel Nicolaus boosted their price target on Donaldson from $64.00 to $65.00 and gave the stock a “hold” rating in a research note on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus target price of $64.75.

Read Our Latest Stock Analysis on Donaldson

Donaldson Trading Up 0.1 %

Donaldson stock opened at $66.24 on Monday. Donaldson has a 12 month low of $57.05 and a 12 month high of $67.54. The business’s fifty day simple moving average is $63.98 and its two-hundred day simple moving average is $61.94. The company has a current ratio of 1.49, a quick ratio of 1.00 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 22.38, a price-to-earnings-growth ratio of 2.01 and a beta of 1.09.

Donaldson (NYSE:DCIGet Free Report) last posted its quarterly earnings results on Wednesday, November 29th. The industrial products company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.03. Donaldson had a return on equity of 29.08% and a net margin of 10.60%. The firm had revenue of $846.30 million during the quarter, compared to analysts’ expectations of $857.91 million. During the same quarter in the previous year, the business earned $0.75 earnings per share. The company’s revenue was down .1% on a year-over-year basis. As a group, equities analysts predict that Donaldson will post 3.19 earnings per share for the current fiscal year.

Insider Activity at Donaldson

In related news, Director Ajita G. Rajendra sold 11,400 shares of the company’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.24, for a total transaction of $709,536.00. Following the completion of the sale, the director now owns 40,545 shares in the company, valued at $2,523,520.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Willard D. Oberton sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $64.99, for a total value of $324,950.00. Following the transaction, the director now owns 26,337 shares of the company’s stock, valued at $1,711,641.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ajita G. Rajendra sold 11,400 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $62.24, for a total value of $709,536.00. Following the completion of the transaction, the director now directly owns 40,545 shares in the company, valued at approximately $2,523,520.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 19,137 shares of company stock worth $1,202,812. 2.58% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in DCI. Millburn Ridgefield Corp bought a new position in shares of Donaldson in the third quarter worth about $27,000. Catalyst Capital Advisors LLC purchased a new stake in shares of Donaldson during the third quarter worth about $27,000. Fortitude Family Office LLC purchased a new stake in shares of Donaldson during the fourth quarter worth about $27,000. Ronald Blue Trust Inc. grew its position in shares of Donaldson by 792.2% during the third quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock worth $28,000 after purchasing an additional 404 shares in the last quarter. Finally, Lindbrook Capital LLC grew its position in shares of Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 174 shares in the last quarter. Institutional investors own 80.35% of the company’s stock.

About Donaldson

(Get Free Report)

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.

Featured Stories

Receive News & Ratings for Donaldson Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Donaldson and related companies with MarketBeat.com's FREE daily email newsletter.