Donaldson Company, Inc. (NYSE:DCI) Director James Owens Sells 5,210 Shares of Stock

Donaldson Company, Inc. (NYSE:DCI) Director James Owens sold 5,210 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Donaldson Price Performance

NYSE:DCI opened at $73.15 on Friday. The firm has a market cap of $8.81 billion, a price-to-earnings ratio of 22.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average is $72.43 and its two-hundred day moving average is $72.90.

Donaldson Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.48%. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Institutional Trading of Donaldson

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TD Asset Management Inc boosted its holdings in shares of Donaldson by 23.7% during the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after purchasing an additional 367,705 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its stake in Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock worth $134,832,000 after buying an additional 32,964 shares during the last quarter. Fiduciary Management Inc. WI grew its holdings in Donaldson by 3.5% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock valued at $118,884,000 after buying an additional 61,584 shares during the period. American Century Companies Inc. increased its stake in shares of Donaldson by 4.7% during the 2nd quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock valued at $121,073,000 after acquiring an additional 75,733 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Donaldson by 19.4% during the 4th quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after acquiring an additional 256,994 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. Raymond James started coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. Stifel Nicolaus dropped their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Finally, Robert W. Baird cut their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research report on Monday, June 3rd. One equities 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. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $69.67.

About Donaldson

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.