Insider Selling: Donaldson Company, Inc. (NYSE:DCI) President Sells $221,243.43 in Stock

Donaldson Company, Inc. (NYSE:DCIGet Free Report) President Thomas R. Scalf sold 3,027 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $73.09, for a total value of $221,243.43. Following the transaction, the president now directly owns 34,334 shares in the company, valued at approximately $2,509,472.06. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Donaldson Trading Up 0.3 %

Shares of NYSE:DCI opened at $73.65 on Friday. The business’s 50-day moving average is $66.16 and its 200 day moving average is $62.88. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $73.89. The firm has a market capitalization of $8.87 billion, a P/E ratio of 23.99, a P/E/G ratio of 2.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99.

Donaldson (NYSE:DCIGet Free Report) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The company had revenue of $876.70 million for the quarter, compared to analyst estimates of $874.34 million. During the same period in the prior year, the company posted $0.75 EPS. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, research analysts predict that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Monday, February 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Friday, February 9th. Donaldson’s dividend payout ratio is presently 32.57%.

Analyst Upgrades and Downgrades

DCI has been the subject of a number of recent analyst reports. Morgan Stanley initiated coverage on Donaldson in a report on Monday, January 8th. They set an “underweight” rating and a $59.00 price objective for the company. Stifel Nicolaus upped their target price on Donaldson from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, November 30th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $64.75.

Get Our Latest Stock Analysis on Donaldson

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Millburn Ridgefield Corp acquired a new position in shares of Donaldson in the third quarter valued at about $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Donaldson in the third quarter valued at about $27,000. Fortitude Family Office LLC acquired a new position in shares of Donaldson in the fourth quarter valued at about $27,000. Ronald Blue Trust Inc. increased its holdings in shares of Donaldson by 792.2% in the third quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 404 shares during the period. Finally, Lindbrook Capital LLC increased its holdings in shares of Donaldson by 58.2% in the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 174 shares during the period. 80.35% of the stock is owned by institutional investors and hedge funds.

Donaldson Company Profile

(Get Free Report)

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.

Further Reading

Insider Buying and Selling by Quarter for Donaldson (NYSE:DCI)

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