Donaldson (NYSE:DCI) Downgraded by StockNews.com to Buy

StockNews.com lowered shares of Donaldson (NYSE:DCI) from a strong-buy rating to a buy rating in a report issued on Wednesday.

DCI has been the topic of a number of other reports. Robert W. Baird cut their target price on Donaldson from $80.00 to $79.00 and set an outperform rating on the stock in a research note on Monday, June 3rd. Raymond James assumed coverage on Donaldson in a research note on Friday, June 28th. They issued a market perform rating on the stock. Finally, Stifel Nicolaus cut their target price on Donaldson from $76.00 to $71.00 and set a hold rating on the stock in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and an average target price of $69.67.

Donaldson Price Performance

Shares of DCI stock opened at $69.75 on Wednesday. The stock has a market cap of $8.40 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.89 and a beta of 1.05. The business’s fifty day moving average is $72.39 and its 200 day moving average is $72.77. Donaldson has a twelve month low of $57.05 and a twelve month high of $78.03. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.55%. Donaldson’s dividend payout ratio (DPR) is presently 33.44%.

Insider Activity at Donaldson

In related news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.58% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Donaldson

Several institutional investors have recently modified their holdings of DCI. Victory Capital Management Inc. lifted its holdings in Donaldson by 53.0% in the fourth quarter. Victory Capital Management Inc. now owns 30,561 shares of the industrial products company’s stock valued at $1,997,000 after acquiring an additional 10,585 shares during the period. Apollon Wealth Management LLC lifted its holdings in Donaldson by 19.7% in the fourth quarter. Apollon Wealth Management LLC now owns 15,167 shares of the industrial products company’s stock valued at $991,000 after acquiring an additional 2,499 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in Donaldson by 2.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 754,647 shares of the industrial products company’s stock valued at $49,316,000 after acquiring an additional 15,682 shares during the period. Principal Securities Inc. bought a new position in Donaldson in the fourth quarter valued at about $120,000. Finally, Versor Investments LP lifted its holdings in Donaldson by 140.7% in the fourth quarter. Versor Investments LP now owns 10,934 shares of the industrial products company’s stock valued at $715,000 after acquiring an additional 6,391 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Company Profile

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.