Donaldson (NYSE:DCI) Sets New 52-Week Low on Disappointing Earnings

Donaldson Company, Inc. (NYSE:DCI)’s share price reached a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $65.10 and last traded at $68.21, with a volume of 37574 shares trading hands. The stock had previously closed at $69.25.

The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.56%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is currently 31.58%.

Analyst Ratings Changes

Several equities analysts have issued reports on DCI shares. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Monday, February 24th. Robert W. Baird increased their price objective on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, Morgan Stanley increased their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Donaldson presently has an average rating of “Hold” and an average target price of $74.00.

Insider Transactions at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DCI. Colonial Trust Co SC bought a new position in Donaldson during the fourth quarter worth $25,000. Smartleaf Asset Management LLC boosted its stake in Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after acquiring an additional 180 shares in the last quarter. Capital Performance Advisors LLP bought a new position in Donaldson during the third quarter worth $41,000. Johnson Financial Group Inc. boosted its stake in Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock worth $42,000 after acquiring an additional 195 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its stake in Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 369 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Donaldson Stock Performance

The firm has a market capitalization of $8.25 billion, a P/E ratio of 20.08, a price-to-earnings-growth ratio of 1.82 and a beta of 1.06. The company’s 50 day moving average is $69.29 and its 200-day moving average is $72.12. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

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.