Donaldson Company (DCI) : Traders are bullish on Donaldson Company (DCI) as it has outperformed the S&P 500 by a wide margin of 5.02% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.85% in the last 1 week, and is up 5.42% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Donaldson Company, Inc. is up 16.86% in the last 3-month period. Year-to-Date the stock performance stands at 32.35%. The stock has recorded a 20-day Moving Average of 3.01% and the 50-Day Moving Average is 5.42%.
Donaldson Company (NYSE:DCI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $37.19 and $37.00 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $37.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $37.35, notching a gain of 0.32% for the day. The total traded volume was 358,218 . The stock had closed at $37.23 on the previous day.
Also, CL King initiates coverage on Donaldson Company (NYSE:DCI) The current rating of the shares is Buy. Equity Analysts at the Firm announces the price target to $41 per share. The rating by the firm was issued on June 8, 2016.
Donaldson Company, Inc. is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles. The Companys products are manufactured at 39 plants around the world and through three joint ventures. The Company has two reporting segments: Engine Products and Industrial Products.