Media stories about Donaldson (NYSE:DCI) have trended positive on Monday, according to Accern Sentiment. The research firm ranks the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Donaldson earned a news impact score of 0.25 on Accern’s scale. Accern also assigned news articles about the industrial products company an impact score of 45.9459811914744 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Accern Sentiment’s scoring:
- Everfront Ventures Signs LOI with Distribution Canada Inc. to Collect Retail Point of Sale Data from Independent Grocers (ih.advfn.com)
- Donaldson : Announces New Vice President of Global OEM Sales (4-traders.com)
- Shares of DCI Up 30.4% Since Uptrend Call on Shares (mysmartrend.com)
- Donaldson Co., Inc. breached its 50 day moving average in a Bullish Manner : DCI-US : August 22, 2017 (finance.yahoo.com)
- Donaldson Company Announces New Vice President of Global OEM Sales (businesswire.com)
Several brokerages have recently weighed in on DCI. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Donaldson from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Friday, May 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $48.00 target price (up previously from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Donaldson presently has a consensus rating of “Hold” and an average price target of $48.25.
Shares of Donaldson (NYSE:DCI) opened at 46.93 on Monday. The stock has a 50 day moving average price of $46.86 and a 200-day moving average price of $45.68. Donaldson has a 1-year low of $35.59 and a 1-year high of $48.91. The stock has a market capitalization of $6.15 billion, a PE ratio of 27.93 and a beta of 1.22.
Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The company had revenue of $608.20 million for the quarter, compared to analysts’ expectations of $580.44 million. During the same period last year, the firm earned $0.43 earnings per share. Donaldson’s quarterly revenue was up 6.5% on a year-over-year basis. On average, analysts forecast that Donaldson will post ($0.38) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be paid a $0.18 dividend. The ex-dividend date is Friday, August 11th. This is a boost from Donaldson’s previous quarterly dividend of $0.18. This represents a $0.72 dividend on an annualized basis and a yield of 1.53%. Donaldson’s dividend payout ratio (DPR) is currently 43.11%.
In other news, Director John Wiehoff sold 14,400 shares of Donaldson stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total transaction of $667,152.00. Following the sale, the director now owns 59,001 shares in the company, valued at $2,733,516.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.88% of the stock is currently owned by insiders.
About Donaldson
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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