Stocks of Donaldson Co. Inc. (NYSE:DCI) traded higher last session on Wall Street, down -0.32% to $74.68.
DCI stock price is now 8.48% away from the 50-day moving average and 17.85% away from the 200-day moving average. The market capitalization of the company currently stands at $8.99B.
With the price target of $59, Morgan Stanley recently initiated with Underweight rating for Donaldson Co. Inc. (NYSE: DCI). On June 28, 2023, Citigroup recently initiated its ‘Neutral’ rating on the stock quoting a target price of $66, while ‘Robert W. Baird’ rates the stock as ‘Outperform’
In other news, OBERTON WILLARD D, Director sold 4,500 shares of the company’s stock on Mar 20 ’24. The stock was sold for $330,930 at an average price of $73.54. Upon completion of the transaction, the Director now directly owns 27,685 shares in the company, valued at $2.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 19 ’24, Chief Financial Officer Robinson Scott J. sold 5,088 shares of the business’s stock. A total of $371,984 was realized by selling the stock at an average price of $73.11. This leaves the insider owning 37,702 shares of the company worth $2.82 million. A total of 0.55% of the company’s stock is owned by insiders.
During the past 12 months, Donaldson Co. Inc. has had a low of $57.05 and a high of $75.02. As of last week, the company has a debt-to-equity ratio of 0.45, a current ratio of 1.47, and a quick ratio of 0.99. According to the stock market information, the enterprise value for the company is $9.44B, which is based on a 24.37 price-to-earnings ratio, a 2.44 price-to-earnings-growth ratio, and a beta of 1.10. The fifty day moving average price for DCI is $68.84 and a two-hundred day moving average price translates $63.37 for the stock.
The latest earnings results from Donaldson Co. Inc. (NYSE: DCI) was released for Jan, 2024. According to the Specialty Industrial Machinery Company, earnings per share came in at $0.81, beating analysts’ expectations of $0.74 by 0.07. This compares to $0.70 EPS in the same period last year. The net profit margin was 10.82% and return on equity was 29.29% for DCI. The company reported revenue of $876.7 million for the quarter, compared to $828.3 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 5.84 percent. For the current quarter, analysts expect DCI to generate $915.84M in revenue.
