Donaldson (NYSE:DCI) Issues FY 2022 Earnings Guidance

Donaldson (NYSE:DCIGet Rating) updated its FY 2022 earnings guidance on Wednesday. The company provided EPS guidance of $2.67-$2.73 for the period, compared to the consensus EPS estimate of $2.70. The company issued revenue guidance of $3.27 billion-$3.33 billion, compared to the consensus revenue estimate of $3.24 billion.

Several brokerages have weighed in on DCI. StockNews.com downgraded Donaldson from a strong-buy rating to a buy rating in a research report on Sunday, June 12th. Robert W. Baird cut their price target on Donaldson from $65.00 to $61.00 and set an outperform rating on the stock in a research report on Thursday, June 2nd. Morgan Stanley cut their price target on Donaldson from $73.00 to $68.00 and set an overweight rating on the stock in a research report on Thursday, June 2nd. Finally, William Blair reaffirmed a market perform rating on shares of Donaldson in a research report on Thursday, March 3rd.

Shares of NYSE:DCI traded down $0.17 during trading on Thursday, reaching $47.21. 14,907 shares of the company’s stock traded hands, compared to its average volume of 437,375. Donaldson has a fifty-two week low of $46.00 and a fifty-two week high of $69.35. The company has a quick ratio of 1.41, a current ratio of 2.25 and a debt-to-equity ratio of 0.54. The firm has a market cap of $5.80 billion, a PE ratio of 18.94, a P/E/G ratio of 1.66 and a beta of 1.27. The company has a 50-day simple moving average of $50.40 and a 200-day simple moving average of $53.38.

Donaldson (NYSE:DCIGet Rating) last posted its earnings results on Wednesday, June 1st. The industrial products company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). Donaldson had a net margin of 9.91% and a return on equity of 28.15%. The business had revenue of $853.20 million for the quarter, compared to analyst estimates of $823.99 million. During the same quarter last year, the business earned $0.66 earnings per share. Donaldson’s revenue was up 11.5% on a year-over-year basis. On average, equities research analysts forecast that Donaldson will post 2.69 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Investors of record on Thursday, June 9th will be paid a $0.23 dividend. The ex-dividend date of this dividend is Wednesday, June 8th. This is a positive change from Donaldson’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 1.95%. Donaldson’s dividend payout ratio (DPR) is currently 36.65%.

In related news, Director Willard D. Oberton sold 7,200 shares of the firm’s stock in a transaction dated Thursday, June 2nd. The shares were sold at an average price of $53.09, for a total value of $382,248.00. Following the transaction, the director now directly owns 23,903 shares of the company’s stock, valued at approximately $1,269,010.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.52% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Donaldson by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 12,310,872 shares of the industrial products company’s stock valued at $639,304,000 after buying an additional 83,620 shares in the last quarter. BlackRock Inc. lifted its stake in Donaldson by 3.9% in the 1st quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock worth $571,026,000 after purchasing an additional 413,360 shares in the last quarter. State Street Corp lifted its stake in Donaldson by 6.9% in the 1st quarter. State Street Corp now owns 5,942,869 shares of the industrial products company’s stock worth $308,613,000 after purchasing an additional 382,409 shares in the last quarter. First Trust Advisors LP lifted its stake in Donaldson by 7.1% in the 1st quarter. First Trust Advisors LP now owns 1,354,847 shares of the industrial products company’s stock worth $70,357,000 after purchasing an additional 90,180 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Donaldson by 7.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,155,490 shares of the industrial products company’s stock worth $60,010,000 after purchasing an additional 78,850 shares in the last quarter. 76.84% of the stock is currently owned by hedge funds and other institutional investors.

About Donaldson (Get Rating)

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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Earnings History and Estimates for Donaldson (NYSE:DCI)

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