Donaldson Company, Inc. (NYSE:DCI) President Sells $182,900.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Donaldson Price Performance

Shares of DCI stock traded up $0.67 during midday trading on Wednesday, reaching $73.51. 164,949 shares of the company traded hands, compared to its average volume of 484,619. The firm’s 50 day simple moving average is $72.38 and its two-hundred day simple moving average is $72.91. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The firm has a market cap of $8.85 billion, a PE ratio of 22.54, a price-to-earnings-growth ratio of 1.91 and a beta of 1.04.

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

Donaldson Announces Dividend

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

Institutional Trading of Donaldson

Institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. grew its stake in shares of Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after buying an additional 273 shares during the period. Park Place Capital Corp purchased a new stake in shares of Donaldson during the 1st quarter valued at $27,000. YHB Investment Advisors Inc. purchased a new stake in Donaldson during the 1st quarter worth $32,000. Mather Group LLC. boosted its position 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. Finally, Versant Capital Management Inc boosted 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 worth $38,000 after purchasing an additional 494 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DCI shares. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus reduced their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. Finally, Raymond James initiated coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus 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.