In yesterday’s Wall Street session, Donaldson Company Inc. (NYSE:DCI) shares traded at $62.37, down -0.22% from the previous session.
As of this writing, 7 analysts cover Donaldson Company Inc. (NYSE:DCI). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $67.00 and a low of $64.00, we find $66.00. Given the previous closing price of $62.51, this indicates a potential upside of 5.58 percent. DCI stock price is now -0.15% away from the 50-day moving average and 3.59% away from the 200-day moving average. The market capitalization of the company currently stands at $7.50B.
There are 6 analysts who have given it a hold rating, whereas 0 have given it a buy rating. Brokers who have rated the stock have averaged $65.75 as their price target over the next twelve months.
With the price target of $66, Citigroup recently initiated with Neutral rating for Donaldson Company Inc. (NYSE: DCI).
In other news, Hilger Christopher M., Director bought 3,186 shares of the company’s stock on Apr 11. The stock was bought for $199,953 at an average price of $62.76. Upon completion of the transaction, the Director now directly owns 7,872 shares in the company, valued at $0.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 02, Director Owens James sold 10,800 shares of the business’s stock. A total of $713,664 was realized by selling the stock at an average price of $66.08. This leaves the insider owning 14,378 shares of the company worth $0.9 million. Insiders disposed of 190,388 shares of company stock worth roughly $11.87 million over the past 1 year. A total of 0.50% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in DCI stock. A new stake in Donaldson Company Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $16,929,000. ASSENAGON ASSET MANAGEMENT S.A. invested $11,099,000 in shares of DCI during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Donaldson Company Inc. valued at approximately $8,255,000. LOS ANGELES CAPITAL MANAGEMENT LLC acquired a new stake in DCI for approximately $7,144,000. ZACKS INVESTMENT MANAGEMENT purchased a new stake in DCI valued at around $6,556,000 in the second quarter. In total, there are 550 active investors with 82.90% ownership of the company’s stock.
Monday morning saw Donaldson Company Inc. (NYSE: DCI) opened at $62.12. During the past 12 months, Donaldson Company Inc. has had a low of $46.98 and a high of $66.96. As of last week, the company has a debt-to-equity ratio of 0.48, a current ratio of 1.90, and a quick ratio of 1.30. According to the stock market information, the enterprise value for the company is $7.99B, which is based on a 20.96 price-to-earnings ratio, a 2.10 price-to-earnings-growth ratio, and a beta of 1.20. The fifty day moving average price for DCI is $62.46 and a two-hundred day moving average price translates $60.21 for the stock.
The latest earnings results from Donaldson Company Inc. (NYSE: DCI) was released for Apr, 2023. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.76, beating analysts’ expectations of $0.74 by 0.02. This compares to $0.67 EPS in the same period last year. The net profit margin was 10.70% and return on equity was 30.80% for DCI. The company reported revenue of $875.7 million for the quarter, compared to $853.2 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 2.64 percent. For the current quarter, analysts expect DCI to generate $895.95M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 06/23/2023. Investors who held shares on 06/07/2023 were paid a $0.25 dividend. On an annualized basis, this represents a $1.00 dividend and a 1.60% percent yield. There was an ex-dividend date of 06/06/2023 for this dividend. In terms of dividend payout ratio, DCI is presently at 30.60%.
Donaldson Company Inc.(DCI) Company Profile
Donaldson Company, Inc. manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides 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. This segment sells its products to original equipment manufacturers (OEMs) in the construction, mining, agriculture, aerospace, defense, and transportation markets; and to independent distributors, OEM dealer networks, private label accounts, and large fleets. The company’s Industrial Products segment offers dust, fume, and mist collectors; compressed air purification systems; gas and liquid filtration for food, beverage, and industrial processes; air filtration systems for gas turbines; polytetrafluoroethylene membrane-based products; and specialized air and gas filtration systems for applications, including hard disk drives, semi-conductor manufacturing and sensors, indicators, and monitoring systems. This segment sells its products to various dealers, distributors, and OEMs and end-users. The company was founded in 1915 and is headquartered in Bloomington, Minnesota.
