Oppenheimer analyst Bryan Blair maintained a Hold rating on Donaldson Company (NYSE: DCI) yesterday. The company’s shares closed on Friday at $52.64.
Blair commented:
“We hosted meetings with CEO Tod Carpenter, CFO of IR Brad Pogalz, with topics spanning DCI’s continued share gains (including >75% win rate on $5M+ programs), robust early FY19 trends, and capital deployment priorities. We came away incrementally confident in DCI’s near-term growth outlook (sustained strength ex-GTS) and intrigued by its diversity of near and longer term growth opportunities (particularly in IFS). While recent market volatility speaks to heightened cycle concerns, we believe DCI’s (impressive) FY19 outlook is intact and model accordingly. Current valuation (~22x FY19E EPS, forward valuation premium relatively in line with historical average) appears to fairly reflect DCI’s operating trajectory, and we look for an incremental catalyst and/or material pullback of shares to get constructive.”
According to TipRanks.com, Blair is a 1-star analyst with an average return of -6.5% and a 7.7% success rate. Blair covers the Industrial Goods sector, focusing on stocks such as Lincoln Electric Holdings, Watts Water Technologies, and Carlisle Companies Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Donaldson Company with a $60.67 average price target.
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The company has a one-year high of $59.43 and a one-year low of $43.35. Currently, Donaldson Company has an average volume of 481.1K.
Based on the recent corporate insider activity of 129 insiders, corporate insider sentiment is negative on the stock. Last month, Willard Oberton, a Director at DCI sold 14,400 shares for a total of $818,640.
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Donaldson Co., Inc. engages in the manufacture of filtration systems and replacement parts. It operates through the Engine Products and Industrial Products segments.
