Donaldson Company, Inc. (NYSE:DCI) Director Sells $373,765.40 in Stock

Donaldson Company, Inc. (NYSE:DCI) Director James Owens sold 5,210 shares of the stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Donaldson Stock Performance

NYSE:DCI opened at $72.30 on Friday. The stock has a market capitalization of $8.71 billion, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The firm has a 50 day moving average of $72.46 and a 200-day moving average of $72.90. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.49%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s payout ratio is presently 33.44%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DCI. Stifel Nicolaus dropped their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. Raymond James began coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird cut their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Donaldson currently has an average rating of “Hold” and an average target price of $69.67.

Hedge Funds Weigh In On Donaldson

Institutional investors have recently modified their holdings of the stock. Park Place Capital Corp acquired a new stake in shares of Donaldson in the first quarter valued at approximately $27,000. YHB Investment Advisors Inc. bought a new stake in shares of Donaldson during the first quarter worth $32,000. Mather Group LLC. raised its position in shares of Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after acquiring an additional 404 shares during the last quarter. Versant Capital Management Inc lifted its stake in shares of Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 494 shares during the period. Finally, Riverview Trust Co bought a new position in Donaldson in the first quarter valued at about $46,000. 82.81% of the stock is owned by institutional investors.

Donaldson Company Profile

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.