Insider Selling: 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 that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at $1,951,929.26. The trade was a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Donaldson Trading Up 2.1 %

Shares of Donaldson stock opened at $68.90 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The company has a fifty day moving average of $69.30 and a 200 day moving average of $72.05. The company has a market capitalization of $8.23 billion, a P/E ratio of 20.03, a P/E/G ratio of 1.82 and a beta of 1.04. Donaldson Company, Inc. has a fifty-two week low of $65.10 and a fifty-two week high of $78.95.

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

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Hedge Funds Weigh In On Donaldson

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings in 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 acquiring an additional 33,139 shares during the last quarter. FMR LLC increased its holdings in shares of 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 purchasing an additional 231,424 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after buying an additional 73,234 shares in the last quarter. Geode Capital Management LLC boosted its stake in Donaldson by 2.9% during 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 buying an additional 71,707 shares during the last quarter. Finally, Fiduciary Management Inc. WI grew its holdings in Donaldson by 19.9% during 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 buying an additional 367,383 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Morgan Stanley raised their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday. Finally, Robert W. Baird boosted their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.00.

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.