Donaldson (NYSE:DCI) Earns Market Perform Rating from Analysts at Raymond James

Raymond James assumed coverage on shares of Donaldson (NYSE:DCI) in a research note released on Friday morning, MarketBeat.com reports. The brokerage issued a market perform rating on the industrial products company’s stock.

Other research analysts have also issued research reports about the company. StockNews.com upgraded Donaldson from a buy rating to a strong-buy rating in a research report on Thursday, March 7th. Robert W. Baird dropped their price objective on shares of Donaldson from $80.00 to $79.00 and set an outperform rating on the stock in a report on Monday, June 3rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of Hold and an average price target of $67.67.

Donaldson Stock Performance

Donaldson stock opened at $70.77 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.91 and a quick ratio of 1.30. Donaldson has a 12 month low of $57.05 and a 12 month high of $78.03. The company has a fifty day moving average price of $73.33 and a two-hundred day moving average price of $70.29. The company has a market cap of $8.52 billion, a PE ratio of 21.91, a P/E/G ratio of 2.03 and a beta of 1.05.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, beating the consensus estimate of $0.84 by $0.08. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. The business had revenue of $927.90 million during the quarter, compared to analyst estimates of $915.84 million. During the same period in the previous year, the business posted $0.76 EPS. The company’s quarterly revenue was up 6.0% on a year-over-year basis. Research analysts expect that Donaldson will post 3.36 earnings per share for the current year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.53%. This is a positive change from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, June 17th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Institutional Trading of Donaldson

A number of institutional investors have recently made changes to their positions in the stock. Fortitude Family Office LLC bought a new position in shares of Donaldson during the 4th quarter valued at about $27,000. Park Place Capital Corp bought a new stake in shares of Donaldson in the 1st quarter worth approximately $27,000. Lindbrook Capital LLC lifted its stake in Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. YHB Investment Advisors Inc. bought a new stake in Donaldson during the first quarter worth approximately $32,000. Finally, Global Retirement Partners LLC grew its position in Donaldson by 1,252.6% in the first quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock worth $38,000 after buying an additional 476 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

About Donaldson

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.