Donaldson Company, Inc. (NYSE:DCI) President Sells $1,972,770.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Donaldson Stock Performance

Shares of NYSE DCI traded down $0.85 during mid-day trading on Tuesday, hitting $68.16. 752,420 shares of the company were exchanged, compared to its average volume of 516,141. The stock has a 50 day simple moving average of $69.51 and a 200-day simple moving average of $71.77. The firm has a market cap of $8.15 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year 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 (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The business had revenue of $870.00 million during the quarter, compared to analysts’ expectations 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 forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s payout ratio is 31.58%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DCI. Atria Investments Inc increased its position in shares of Donaldson by 7.1% in the third quarter. Atria Investments Inc now owns 9,301 shares of the industrial products company’s stock valued at $685,000 after buying an additional 620 shares in the last quarter. ING Groep NV purchased a new position in shares of Donaldson in the third quarter valued at $1,142,000. Claro Advisors LLC increased its position in shares of Donaldson by 2.0% in the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after buying an additional 203 shares in the last quarter. Quest Partners LLC increased its position in shares of Donaldson by 33.6% in the third quarter. Quest Partners LLC now owns 39,668 shares of the industrial products company’s stock valued at $2,924,000 after buying an additional 9,972 shares in the last quarter. Finally, Pathstone Holdings LLC increased its position in shares of Donaldson by 8.5% in the third quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company’s stock valued at $1,447,000 after buying an additional 1,534 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on DCI. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley increased their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird increased their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.