Donaldson (DCI) to Release Quarterly Earnings on Tuesday

Donaldson (NYSE:DCI) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, December 3rd. Analysts expect the company to announce earnings of $0.82 per share for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. On average, analysts expect Donaldson to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Donaldson Stock Up 0.5 %

NYSE DCI opened at $78.05 on Friday. Donaldson has a 52 week low of $59.78 and a 52 week high of $78.95. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $9.35 billion, a P/E ratio of 23.09, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04. The stock’s 50-day moving average price is $75.02 and its 200-day moving average price is $73.44.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.38%. Donaldson’s payout ratio is presently 31.95%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on DCI. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus decreased their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Donaldson currently has a consensus rating of “Hold” and a consensus target price of $69.67.

Insider Buying and Selling

In other news, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. The trade was a 68.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, President Thomas R. Scalf sold 4,295 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were sold at an average price of $73.33, for a total transaction of $314,952.35. Following the completion of the sale, the president now directly owns 30,834 shares of the company’s stock, valued at approximately $2,261,057.22. This trade represents a 12.23 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 in the last ninety days. 2.70% of the stock is owned by company insiders.

Donaldson Company Profile

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.