Equities analysts predict that Donaldson Company, Inc. (NYSE:DCI) will report sales of $717.09 million for the current fiscal quarter, Zacks reports. Five analysts have made estimates for Donaldson’s earnings. The lowest sales estimate is $711.00 million and the highest is $725.45 million. Donaldson reported sales of $664.70 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.9%. The company is scheduled to report its next earnings report on Tuesday, March 5th.
According to Zacks, analysts expect that Donaldson will report full year sales of $2.97 billion for the current fiscal year, with estimates ranging from $2.93 billion to $3.00 billion. For the next fiscal year, analysts forecast that the company will report sales of $3.12 billion, with estimates ranging from $3.08 billion to $3.17 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Donaldson.
Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 4th. The industrial products company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.57 by ($0.01). Donaldson had a return on equity of 32.75% and a net margin of 6.92%. The business had revenue of $701.40 million during the quarter, compared to analyst estimates of $700.98 million. During the same quarter in the prior year, the company earned $0.46 EPS. The company’s revenue was up 8.8% on a year-over-year basis.
A number of equities research analysts recently weighed in on DCI shares. Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Tuesday, December 4th. Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, November 13th. Stifel Nicolaus restated a “hold” rating and issued a $53.00 target price on shares of Donaldson in a report on Thursday, December 6th. ValuEngine lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Tuesday, December 18th. Finally, SunTrust Banks restated a “hold” rating and issued a $56.00 target price on shares of Donaldson in a report on Thursday, December 6th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. Donaldson presently has a consensus rating of “Hold” and a consensus price target of $55.25.
DCI opened at $48.60 on Wednesday. The company has a current ratio of 2.40, a quick ratio of 1.66 and a debt-to-equity ratio of 0.74. Donaldson has a fifty-two week low of $40.27 and a fifty-two week high of $59.43. The stock has a market capitalization of $6.15 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 1.75 and a beta of 1.41.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Monday, February 11th will be issued a $0.19 dividend. The ex-dividend date is Friday, February 8th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.56%. Donaldson’s dividend payout ratio is presently 38.00%.
Several institutional investors and hedge funds have recently bought and sold shares of DCI. D.A. Davidson & CO. increased its stake in Donaldson by 5.0% in the 4th quarter. D.A. Davidson & CO. now owns 5,702 shares of the industrial products company’s stock valued at $247,000 after buying an additional 271 shares during the last quarter. ETF Managers Group LLC increased its stake in Donaldson by 15.7% in the 4th quarter. ETF Managers Group LLC now owns 2,892 shares of the industrial products company’s stock valued at $125,000 after buying an additional 393 shares during the last quarter. Highwater Wealth Management LLC purchased a new stake in Donaldson in the 4th quarter valued at about $27,000. Victory Capital Management Inc. increased its stake in Donaldson by 34.9% in the 4th quarter. Victory Capital Management Inc. now owns 2,344 shares of the industrial products company’s stock valued at $102,000 after buying an additional 607 shares during the last quarter. Finally, Wesbanco Bank Inc. increased its stake in Donaldson by 10.6% in the 4th quarter. Wesbanco Bank Inc. now owns 7,120 shares of the industrial products company’s stock valued at $309,000 after buying an additional 683 shares during the last quarter. Institutional investors own 81.59% of the company’s stock.
Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. 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, and exhaust and emissions systems.
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