Published On: Thu, Sep 22nd, 2016

Donaldson Co. Expected to Post FY2019 Earnings of $2.05 Per Share (DCI)

Donaldson Co. (NYSE:DCI) – Equities researchers at Jefferies Group issued their FY2019 earnings per share estimates for shares of Donaldson in a research note issued on Tuesday. Jefferies Group analyst L. Alexander expects that the brokerage will earn $2.05 per share for the year. Jefferies Group also issued estimates for Donaldson’s FY2020 earnings at $2.20 EPS.
Several other research analysts also recently weighed in on DCI. Zacks Investment Research downgraded shares of Donaldson from a “buy” rating to a “hold” rating in a research report on Monday, June 6th. Robert W. Baird upped their price target on shares of Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, September 9th. CL King began coverage on shares of Donaldson in a research report on Wednesday, June 8th. They set a “buy” rating and a $41.00 price target for the company. Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Donaldson in a research report on Thursday, May 26th. Finally, TheStreet upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $34.50.
Donaldson (NYSE:DCI) traded up 1.340% during mid-day trading on Thursday, hitting $37.445. 509,292 shares of the stock traded hands. Donaldson has a 12 month low of $25.21 and a 12 month high of $38.65. The stock has a market cap of $5.01 billion, a P/E ratio of 26.370 and a beta of 1.04. The stock has a 50-day moving average price of $37.01 and a 200-day moving average price of $34.40.

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Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm earned $593 million during the quarter, compared to the consensus estimate of $594.80 million. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The firm’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.45 EPS.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.70 annualized dividend and a yield of 1.89%. Donaldson’s dividend payout ratio is presently 49.30%.
In related news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the sale, the director now owns 56,877 shares of the company’s stock, valued at approximately $2,065,772.64. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.00% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Investment Management Company LLC boosted its stake in Donaldson by 0.3% in the second quarter. Northwestern Mutual Investment Management Company LLC now owns 21,344 shares of the company’s stock valued at $733,000 after buying an additional 61 shares during the period. Capstone Asset Management Co. boosted its stake in Donaldson by 0.6% in the second quarter. Capstone Asset Management Co. now owns 12,519 shares of the company’s stock valued at $430,000 after buying an additional 70 shares during the period. Wetherby Asset Management Inc. boosted its stake in Donaldson by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 8,133 shares of the company’s stock valued at $279,000 after buying an additional 83 shares during the period. Trillium Asset Management LLC boosted its stake in Donaldson by 1.0% in the second quarter. Trillium Asset Management LLC now owns 28,032 shares of the company’s stock valued at $963,000 after buying an additional 281 shares during the period. Finally, Commonwealth Equity Services Inc boosted its stake in Donaldson by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 37,363 shares of the company’s stock valued at $1,284,000 after buying an additional 317 shares during the period. 81.46% of the stock is owned by institutional investors and hedge funds.
Donaldson Company Profile
Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.

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