Donaldson (NYSE:DCI) Posts Earnings Results, Beats Expectations By $0.02 EPS

Donaldson (NYSE:DCI) issued its quarterly earnings data on Tuesday. The industrial products company reported $1.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.02, FiscalAI reports. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business had revenue of $1.06 billion during the quarter, compared to analyst estimates of $1.04 billion.

Donaldson Price Performance

NYSE DCI opened at $93.29 on Wednesday. The stock has a market capitalization of $10.81 billion, a P/E ratio of 25.08, a P/E/G ratio of 2.11 and a beta of 0.92. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.55 and a current ratio of 2.35. The business’s fifty day moving average is $91.55 and its two-hundred day moving average is $90.52. Donaldson has a 1 year low of $75.58 and a 1 year high of $112.84.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, August 31st. Shareholders of record on Monday, August 17th will be issued a $0.32 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.28 annualized dividend and a dividend yield of 1.4%. Donaldson’s dividend payout ratio is currently 34.41%.

Hedge Funds Weigh In On Donaldson

Hedge funds and other institutional investors have recently modified their holdings of the stock. Smartleaf Asset Management LLC boosted its position in Donaldson by 11.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,044 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 213 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Donaldson in the 4th quarter valued at about $220,000. Quadcap Wealth Management LLC purchased a new stake in shares of Donaldson in the third quarter worth approximately $208,000. Moneta Group Investment Advisors LLC acquired a new stake in shares of Donaldson during the third quarter worth approximately $227,000. Finally, Schonfeld Strategic Advisors LLC acquired a new stake in shares of Donaldson during the third quarter worth approximately $230,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

DCI has been the subject of a number of analyst reports. Weiss Ratings upgraded Donaldson from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, August 20th. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Robert W. Baird upped their price objective on shares of Donaldson from $95.00 to $105.00 and gave the stock an “outperform” rating in a report on Wednesday, August 19th. Stifel Nicolaus dropped their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a research report on Thursday, June 4th. Finally, Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Sunday, August 9th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Donaldson has a consensus rating of “Moderate Buy” and a consensus target price of $99.50.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.