Donaldson Company, Inc. (NYSE:DCI) President Sells $2,032,255.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 29,500 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Donaldson Stock Up 0.6 %

Shares of NYSE DCI traded up $0.44 during mid-day trading on Monday, reaching $69.53. The company had a trading volume of 195,464 shares, compared to its average volume of 497,157. The firm has a 50 day simple moving average of $69.29 and a two-hundred day simple moving average of $72.12. Donaldson Company, Inc. has a 52-week low of $65.10 and a 52-week high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a market cap of $8.30 billion, a P/E ratio of 20.21, a PEG ratio of 1.82 and a beta of 1.06.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The firm had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Sell-side analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.55%. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DCI. Morgan Stanley raised their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird raised their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Monday, February 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Institutional Investors Weigh In On Donaldson

Hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in Donaldson in the 4th quarter valued at approximately $65,828,000. Scharf Investments LLC acquired a new position in shares of Donaldson in the fourth quarter worth $61,697,000. Capital Counsel LLC NY lifted its position in shares of Donaldson by 489.2% in the fourth quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company’s stock valued at $44,246,000 after acquiring an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI boosted its stake in shares of Donaldson by 19.9% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company’s stock valued at $148,795,000 after acquiring an additional 367,383 shares during the last quarter. Finally, Invesco Ltd. raised its stake in Donaldson by 24.7% in the 4th quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock valued at $101,878,000 after purchasing an additional 299,302 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.