Wall Street brokerages expect Donaldson Company, Inc. (NYSE:DCI) to report sales of $726.11 million for the current quarter, Zacks Investment Research reports. Four analysts have provided estimates for Donaldson’s earnings, with the lowest sales estimate coming in at $721.20 million and the highest estimate coming in at $731.60 million. Donaldson posted sales of $724.70 million during the same quarter last year, which would indicate a positive year over year growth rate of 0.2%. The company is scheduled to announce its next quarterly earnings results on Thursday, September 5th.
On average, analysts expect that Donaldson will report full-year sales of $2.84 billion for the current fiscal year, with estimates ranging from $2.84 billion to $2.85 billion. For the next financial year, analysts anticipate that the firm will report sales of $2.96 billion, with estimates ranging from $2.90 billion to $3.07 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Donaldson.
Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.62 by ($0.04). Donaldson had a net margin of 10.96% and a return on equity of 32.30%. The company had revenue of $713.00 million for the quarter, compared to analysts’ expectations of $745.05 million. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year.
Separately, Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating and set a $51.00 target price on the stock in a research note on Monday, May 27th. Six research analysts have rated the stock with a hold rating, The company presently has a consensus rating of “Hold” and an average price target of $53.00.
In other news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $47.88, for a total value of $689,472.00. Following the completion of the sale, the director now directly owns 66,860 shares of the company’s stock, valued at approximately $3,201,256.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Tod E. Carpenter sold 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $50.02, for a total value of $200,080.00. Following the completion of the sale, the chairman now directly owns 102,037 shares of the company’s stock, valued at $5,103,890.74. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently bought and sold shares of DCI. Vanguard Group Inc increased its stake in Donaldson by 0.7% in the 3rd quarter. Vanguard Group Inc now owns 12,475,701 shares of the industrial products company’s stock valued at $726,835,000 after buying an additional 84,864 shares during the last quarter. BlackRock Inc. increased its position in shares of Donaldson by 1.7% during the first quarter. BlackRock Inc. now owns 11,562,764 shares of the industrial products company’s stock worth $578,833,000 after buying an additional 195,344 shares during the period. BTIM Corp. increased its position in shares of Donaldson by 20.4% during the first quarter. BTIM Corp. now owns 1,932,699 shares of the industrial products company’s stock worth $96,751,000 after buying an additional 327,898 shares during the period. Pictet Asset Management Ltd. increased its position in shares of Donaldson by 104.4% during the first quarter. Pictet Asset Management Ltd. now owns 1,627,516 shares of the industrial products company’s stock worth $81,473,000 after buying an additional 831,322 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Donaldson by 6.6% during the fourth quarter. Geode Capital Management LLC now owns 1,309,517 shares of the industrial products company’s stock worth $56,819,000 after buying an additional 80,514 shares during the period. 80.53% of the stock is owned by institutional investors and hedge funds.
Shares of Donaldson stock traded up $0.51 during trading on Friday, hitting $50.43. 7,770 shares of the stock traded hands, compared to its average volume of 454,771. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 24.92, a P/E/G ratio of 2.07 and a beta of 1.47. The company has a current ratio of 2.63, a quick ratio of 1.82 and a debt-to-equity ratio of 0.68. Donaldson has a 52-week low of $40.27 and a 52-week high of $59.43. The firm’s fifty day moving average is $49.32.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.67%. This is a boost from Donaldson’s previous quarterly dividend of $0.19. The ex-dividend date is Wednesday, June 12th. Donaldson’s dividend payout ratio (DPR) is presently 42.00%.
Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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