Brokerages forecast that Donaldson Company, Inc. (NYSE:DCI) will post sales of $726.11 million for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Donaldson’s earnings, with estimates ranging from $721.20 million to $731.60 million. Donaldson posted sales of $724.70 million during the same quarter last year, which suggests a positive year over year growth rate of 0.2%. The business is scheduled to issue its next earnings report on Thursday, September 5th.
According to Zacks, analysts expect that Donaldson will report full year sales of $2.84 billion for the current year, with estimates ranging from $2.84 billion to $2.85 billion. For the next year, analysts expect that the company will post sales of $2.96 billion, with estimates ranging from $2.90 billion to $3.07 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Donaldson.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, June 4th. The industrial products company reported $0.58 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04). The firm had revenue of $713.00 million for the quarter, compared to analyst estimates of $745.05 million. Donaldson had a return on equity of 32.30% and a net margin of 10.96%. The business’s revenue was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS.
Shares of NYSE DCI traded down $0.18 during trading hours on Wednesday, hitting $48.76. 375,127 shares of the stock were exchanged, compared to its average volume of 423,714. Donaldson has a 1-year low of $40.27 and a 1-year high of $59.43. The company has a current ratio of 2.63, a quick ratio of 1.82 and a debt-to-equity ratio of 0.68. The firm has a market cap of $6.22 billion, a P/E ratio of 24.38, a PEG ratio of 1.83 and a beta of 1.43. The firm has a fifty day moving average of $49.32.
The business also recently announced a quarterly dividend, which will be paid on Thursday, August 29th. Shareholders of record on Tuesday, August 13th will be given a $0.21 dividend. The ex-dividend date is Monday, August 12th. This represents a $0.84 dividend on an annualized basis and a yield of 1.72%. Donaldson’s dividend payout ratio is currently 42.00%.
In other Donaldson news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $47.88, for a total value of $689,472.00. Following the sale, the director now owns 66,860 shares in the company, valued at $3,201,256.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.35% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its holdings 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 purchasing an additional 195,344 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of Donaldson by 7.2% during the second quarter. Janus Henderson Group PLC now owns 4,420,603 shares of the industrial products company’s stock worth $224,832,000 after purchasing an additional 296,782 shares during the period. BTIM Corp. lifted its holdings in shares of Donaldson by 1.6% during the second quarter. BTIM Corp. now owns 1,963,235 shares of the industrial products company’s stock worth $99,850,000 after purchasing an additional 30,536 shares during the period. Pictet Asset Management Ltd. lifted its holdings 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 purchasing an additional 831,322 shares during the period. Finally, Geode Capital Management LLC lifted its holdings 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 purchasing an additional 80,514 shares during the period. Hedge funds and other institutional investors own 80.65% of the company’s stock.
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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