Robert W. Baird Issues Positive Forecast for Donaldson (NYSE:DCI) Stock Price

by · The Cerbat Gem

Donaldson (NYSE:DCI – Get Free Report) had its price target upped by equities research analysts at Robert W. Baird from $85.00 to $96.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the industrial products company’s stock. Robert W. Baird’s price target indicates a potential upside of 8.89% from the stock’s current price.

A number of other brokerages have also commented on DCI. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and upped their target price for the stock from $72.00 to $84.00 in a report on Monday, November 24th. Finally, Stifel Nicolaus raised their price target on shares of Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.00.

View Our Latest Report on Donaldson

Donaldson Stock Performance

Shares of Donaldson stock opened at $88.16 on Wednesday. The business has a 50-day simple moving average of $84.48 and a 200 day simple moving average of $77.09. Donaldson has a one year low of $57.45 and a one year high of $90.94. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. The firm has a market capitalization of $10.21 billion, a price-to-earnings ratio of 28.92, a PEG ratio of 2.19 and a beta of 0.99.

Donaldson (NYSE:DCI – Get Free Report) last announced its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 EPS for the quarter. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The firm had revenue of $802.50 million during the quarter. On average, research analysts anticipate that Donaldson will post 3.64 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Donaldson

Large investors have recently made changes to their positions in the business. True Wealth Design LLC raised its stake in shares of Donaldson by 203.7% during the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 218 shares during the period. Hantz Financial Services Inc. increased its holdings in Donaldson by 5,112.5% during the second quarter. Hantz Financial Services Inc. now owns 417 shares of the industrial products company’s stock worth $29,000 after buying an additional 409 shares during the last quarter. SJS Investment Consulting Inc. increased its holdings in Donaldson by 3,680.0% during the third quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock worth $31,000 after buying an additional 368 shares during the last quarter. NewSquare Capital LLC bought a new stake in Donaldson in the second quarter worth about $34,000. Finally, Brooklyn Investment Group boosted its stake in Donaldson by 113.9% in the first quarter. Brooklyn Investment Group now owns 601 shares of the industrial products company’s stock valued at $40,000 after acquiring an additional 320 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Company Profile

(Get Free Report)

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.

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