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

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

A number of other research analysts also recently issued reports on the stock. Morgan Stanley boosted their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Robert W. Baird increased their target price on Donaldson from $81.00 to $83.00 and gave the stock 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, Donaldson has an average rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Up 1.5 %

DCI opened at $69.54 on Monday. The business’s fifty day simple moving average is $69.26 and its 200 day simple moving average is $72.18. The stock has a market cap of $8.30 billion, a PE ratio of 20.21, a P/E/G ratio of 1.82 and a beta of 1.06. Donaldson has a 52 week low of $66.01 and a 52 week high of $78.95. 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 quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. During the same quarter in the prior year, the company earned $0.75 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. As a group, research analysts expect that Donaldson will post 3.64 earnings per share for the current fiscal year.

Insider Activity at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, 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 Securities & Exchange Commission, which is available through this hyperlink. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Argent Trust Co increased its holdings in shares of Donaldson by 3.3% during the 4th quarter. Argent Trust Co now owns 4,739 shares of the industrial products company’s stock worth $319,000 after buying an additional 152 shares during the last quarter. Smartleaf Asset Management LLC boosted its stake in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after buying an additional 180 shares during the period. CIBC Asset Management Inc raised its stake in shares of Donaldson by 5.3% in the 4th quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company’s stock valued at $252,000 after acquiring an additional 187 shares during the period. Johnson Financial Group Inc. lifted its holdings in shares of Donaldson by 48.8% in the 4th quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 195 shares during the last quarter. Finally, Claro Advisors LLC boosted its position in shares of Donaldson by 2.0% during the 3rd quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock worth $755,000 after purchasing an additional 203 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

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.