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

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

Donaldson Stock Up 1.1 %

NYSE DCI opened at $68.95 on Thursday. The business has a fifty day moving average price of $69.55 and a two-hundred day moving average price of $71.71. The stock has a market capitalization of $8.24 billion, a PE ratio of 20.04, a PEG 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. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

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

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were issued a dividend of $0.27 per share. 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%.

Analysts Set New Price Targets

DCI has been the topic of a number of recent research reports. Morgan Stanley raised their price objective on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird raised 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. Finally, StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $74.00.

Hedge Funds Weigh In On Donaldson

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of Donaldson during the fourth quarter worth $65,828,000. Scharf Investments LLC bought a new stake in Donaldson during the 4th quarter worth $61,697,000. Capital Counsel LLC NY increased its holdings in Donaldson by 489.2% in the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company’s stock worth $44,246,000 after purchasing an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI raised its position in Donaldson by 19.9% in the fourth 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. Finally, Invesco Ltd. boosted its stake in shares of Donaldson by 24.7% during the fourth quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock valued at $101,878,000 after purchasing an additional 299,302 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

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.