Thomas R. Scalf Sells 28,500 Shares of Donaldson Company, Inc. (NYSE:DCI) Stock

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 28,500 shares of the company’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the transaction, the president now owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Donaldson Stock Down 1.6 %

Shares of NYSE DCI opened at $67.87 on Friday. 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 company has a 50-day moving average of $69.55 and a 200 day moving average of $71.69. Donaldson Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95. The stock has a market cap of $8.11 billion, a PE ratio of 19.73, a P/E/G ratio of 1.82 and a beta of 1.04.

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

Donaldson Dividend Announcement

The company also recently declared 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 was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.59%. Donaldson’s payout ratio is 31.58%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DCI shares. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. Morgan Stanley raised their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $74.00.

Institutional Investors Weigh In On Donaldson

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Donaldson by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company’s stock valued at $856,509,000 after buying an additional 33,139 shares during the period. FMR LLC grew its position in Donaldson by 6.2% in the fourth quarter. FMR LLC now owns 3,994,275 shares of the industrial products company’s stock worth $269,014,000 after acquiring an additional 231,424 shares during the period. Franklin Resources Inc. increased its stake in Donaldson by 2.5% during the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after acquiring an additional 73,234 shares during the last quarter. Geode Capital Management LLC raised its position in Donaldson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company’s stock valued at $169,804,000 after purchasing an additional 71,707 shares during the period. Finally, Fiduciary Management Inc. WI lifted its stake in shares of Donaldson by 19.9% in the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company’s stock valued at $148,795,000 after purchasing an additional 367,383 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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.