Donaldson Company, Inc. (NYSE:DCI) Expected to Announce Earnings of $0.58 Per Share

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Brokerages expect Donaldson Company, Inc. (NYSE:DCI) to post earnings per share of $0.58 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Donaldson’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.57. Donaldson posted earnings per share of $0.50 during the same quarter last year, which indicates a positive year-over-year growth rate of 16%. The company is scheduled to report its next earnings report on Tuesday, June 1st.

On average, analysts expect that Donaldson will report full-year earnings of $2.22 per share for the current financial year, with EPS estimates ranging from $2.20 to $2.25. For the next fiscal year, analysts anticipate that the business will report earnings of $2.58 per share, with EPS estimates ranging from $2.50 to $2.70. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Donaldson.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, February 25th. The industrial products company reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Donaldson had a net margin of 9.97% and a return on equity of 25.84%. The business had revenue of $679.10 million during the quarter, compared to analyst estimates of $653.97 million.

A number of brokerages have commented on DCI. Morgan Stanley decreased their target price on Donaldson from $74.00 to $73.00 and set an “overweight” rating for the company in a research note on Monday, April 19th. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating and set a $64.00 price objective for the company. in a research report on Tuesday, March 2nd. Finally, Robert W. Baird reaffirmed a “buy” rating on shares of Donaldson in a research report on Sunday, February 28th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $60.50.

In other Donaldson news, Director Willard D. Oberton sold 4,400 shares of the business’s stock in a transaction dated Monday, March 1st. The shares were sold at an average price of $60.20, for a total transaction of $264,880.00. Following the sale, the director now directly owns 26,596 shares in the company, valued at approximately $1,601,079.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tod E. Carpenter sold 2,102 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The stock was sold at an average price of $61.59, for a total transaction of $129,462.18. Following the completion of the sale, the chief executive officer now directly owns 180,299 shares of the company’s stock, valued at $11,104,615.41. The disclosure for this sale can be found here. 2.18% of the stock is owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Sei Investments Co. increased its position in shares of Donaldson by 9.6% during the 3rd quarter. Sei Investments Co. now owns 35,397 shares of the industrial products company’s stock valued at $1,698,000 after purchasing an additional 3,100 shares during the period. Ardevora Asset Management LLP bought a new stake in Donaldson in the first quarter worth about $55,409,000. Price T Rowe Associates Inc. MD raised its position in Donaldson by 1.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 35,909 shares of the industrial products company’s stock worth $2,007,000 after acquiring an additional 639 shares in the last quarter. Accredited Investors Inc. acquired a new stake in Donaldson in the 4th quarter valued at about $220,000. Finally, Ceredex Value Advisors LLC acquired a new position in shares of Donaldson in the 4th quarter worth approximately $23,972,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Donaldson stock traded up $0.83 during mid-day trading on Tuesday, reaching $63.81. The company’s stock had a trading volume of 582,021 shares, compared to its average volume of 492,691. The firm has a market cap of $8.05 billion, a price-to-earnings ratio of 32.23, a PEG ratio of 2.67 and a beta of 1.35. Donaldson has a twelve month low of $39.84 and a twelve month high of $64.01. The business has a 50 day moving average price of $60.23 and a 200-day moving average price of $57.50. The company has a current ratio of 2.73, a quick ratio of 1.94 and a debt-to-equity ratio of 0.55.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through two segments, Engine Products and Industrial Products. The Engine Products segment offers 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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