Donaldson Company, Inc. (NYSE:DCI) CEO Sells $1,746,354.12 in Stock

Donaldson Company, Inc. (NYSE:DCI) CEO Tod E. Carpenter sold 24,081 shares of Donaldson stock in a transaction dated Friday, September 20th. The stock was sold at an average price of $72.52, for a total value of $1,746,354.12. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at approximately $18,618,929.84. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Donaldson Stock Performance

Shares of Donaldson stock traded up $0.65 during trading hours on Tuesday, reaching $73.29. 89,274 shares of the stock traded hands, compared to its average volume of 482,006. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $8.82 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.84 and a beta of 1.05. The company has a 50 day moving average price of $72.46 and a 200 day moving average price of $72.89. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. On average, equities research analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.47%. Donaldson’s dividend payout ratio is presently 33.44%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Donaldson

Several institutional investors have recently added to or reduced their stakes in the company. Park Place Capital Corp purchased a new position in shares of Donaldson in the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new stake in Donaldson during the 1st quarter valued at about $32,000. Mather Group LLC. increased its holdings in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 404 shares during the period. Versant Capital Management Inc raised its position in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares in the last quarter. Finally, Riverview Trust Co purchased a new stake in shares of Donaldson in the 1st quarter worth $46,000. Hedge funds and other 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.