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Gabelli & Company Reiterates Hold Rating on Donaldson Company

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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

DateFirmActionFromTo
Nov 2015SunTrust Robinson HumphreyInitiates Coverage onNeutral
May 2015JefferiesMaintainsHold
Dec 2014Avondale PartnersInitiates Coverage onMarket Perform

View More Analyst Ratings for DCI
View the Latest Analyst Ratings

Posted-In: Gabelli & CompanyAnalyst Color Reiteration Analyst Ratings

 

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