Gabelli & Company Reiterates Hold Rating on Donaldson Company
In a report published Friday, Gabelli & Company reiterated its Hold rating on Donaldson Company (NYSE: DCI).
Gabelli noted, “DCI reported 1Q FY'13 adjusted EPS of $0.36 vs. $0.45 on sales of $589 million vs. $608 million, down 3%. DCI noted weakening end-market conditions in a number of different verticals in September and October, leading to lower sales and ultimately, less fixed-cost absorption that contributed to a 230 basis point contraction in operating margin to 12.5%. Higher taxes also led to a $0.02 EPS headwind.”
Donaldson Company closed on Wednesday at $33.37.
Latest Ratings for DCI
|Dec 2014||Avondale Partners||Initiates Coverage on||Market Perform|
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.