Donaldson (NYSE:DCI) Now Covered by Raymond James

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

A number of other brokerages have also weighed in on DCI. Robert W. Baird lowered their price target on shares of Donaldson from $80.00 to $79.00 and set an outperform rating for the company in a report on Monday, June 3rd. StockNews.com upgraded Donaldson from a buy rating to a strong-buy rating in a research report on Thursday, March 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $67.67.

Donaldson Trading Down 1.1 %

DCI stock opened at $70.77 on Friday. Donaldson has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a current ratio of 1.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. The business’s 50 day moving average is $73.33 and its 200-day moving average is $70.29. The firm has a market cap of $8.52 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.03 and a beta of 1.05.

Donaldson (NYSE:DCI) last issued its 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. The company had revenue of $927.90 million for the quarter, compared to the consensus estimate of $915.84 million. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. Equities analysts anticipate that Donaldson will post 3.36 earnings per share for the current fiscal year.

Donaldson Increases Dividend

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

Institutional Trading of Donaldson

Large investors have recently added to or reduced their stakes in the company. Fortitude Family Office LLC bought a new position in Donaldson in the 4th quarter valued at about $27,000. Park Place Capital Corp bought a new stake in shares of Donaldson during the first quarter worth approximately $27,000. Lindbrook Capital LLC grew its position in shares of Donaldson by 58.2% in 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 position in shares of Donaldson during the first quarter worth approximately $32,000. Finally, Global Retirement Partners LLC lifted its holdings in Donaldson by 1,252.6% during the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 476 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

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.