Donaldson Company, Inc. (NYSE:DCI) – Stock analysts at SunTrust Banks upped their Q3 2019 earnings per share (EPS) estimates for Donaldson in a research note issued on Wednesday, December 5th. SunTrust Banks analyst C. Brady now anticipates that the industrial products company will post earnings per share of $0.66 for the quarter, up from their prior forecast of $0.64. SunTrust Banks currently has a “Hold” rating and a $56.00 price target on the stock. SunTrust Banks also issued estimates for Donaldson’s Q4 2019 earnings at $0.70 EPS, FY2019 earnings at $2.44 EPS, Q1 2020 earnings at $0.60 EPS, Q2 2020 earnings at $0.57 EPS, Q3 2020 earnings at $0.73 EPS, Q4 2020 earnings at $0.75 EPS and FY2020 earnings at $2.65 EPS.
Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 4th. The industrial products company reported $0.56 EPS for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.01). Donaldson had a net margin of 6.92% and a return on equity of 32.75%. The firm had revenue of $701.40 million for the quarter, compared to analyst estimates of $700.98 million. During the same period in the previous year, the company earned $0.46 EPS. Donaldson’s revenue was up 8.8% compared to the same quarter last year.
Shares of Donaldson stock opened at $51.42 on Thursday. Donaldson has a 12 month low of $43.35 and a 12 month high of $59.43. The company has a market cap of $6.57 billion, a price-to-earnings ratio of 25.71, a PEG ratio of 1.88 and a beta of 1.25. The company has a quick ratio of 1.69, a current ratio of 2.40 and a debt-to-equity ratio of 0.74.
Large investors have recently bought and sold shares of the stock. Honkamp Krueger Financial Services Inc. acquired a new stake in shares of Donaldson in the third quarter valued at approximately $148,000. Ibex Investors LLC acquired a new stake in shares of Donaldson in the third quarter valued at approximately $201,000. Armstrong Henry H Associates Inc. acquired a new stake in shares of Donaldson in the third quarter valued at approximately $204,000. Trillium Asset Management LLC purchased a new position in Donaldson in the third quarter worth approximately $215,000. Finally, Oppenheimer Asset Management Inc. purchased a new position in Donaldson in the third quarter worth approximately $215,000. 81.42% of the stock is owned by hedge funds and other institutional investors.
In related news, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction that occurred on Wednesday, September 12th. The stock was sold at an average price of $56.85, for a total value of $818,640.00. Following the completion of the sale, the director now owns 30,451 shares of the company’s stock, valued at $1,731,139.35. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Richard Brent Lewis sold 3,209 shares of the stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $58.99, for a total value of $189,298.91. Following the completion of the sale, the vice president now directly owns 4,000 shares of the company’s stock, valued at approximately $235,960. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by company insiders.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 21st. Investors of record on Tuesday, December 11th will be issued a $0.19 dividend. The ex-dividend date is Monday, December 10th. This represents a $0.76 annualized dividend and a dividend yield of 1.48%. Donaldson’s dividend payout ratio is presently 38.00%.
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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