Tod E. Carpenter Sells 30,919 Shares of Donaldson Company, Inc. (NYSE:DCI) Stock

Donaldson Company, Inc. (NYSE:DCI) CEO Tod E. Carpenter sold 30,919 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now owns 256,742 shares of the company’s stock, valued at approximately $18,662,575.98. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Donaldson Price Performance

Shares of NYSE DCI traded up $0.65 during mid-day trading on Tuesday, hitting $73.29. 89,274 shares of the company’s stock traded hands, compared to its average volume of 482,006. The company has a market capitalization of $8.82 billion, a P/E ratio of 22.49, a PEG ratio of 1.84 and a beta of 1.05. 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 company’s 50-day moving average is $72.46 and its two-hundred day moving average is $72.89.

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

Donaldson Announces Dividend

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

Institutional Trading of Donaldson

Hedge funds have recently bought and sold shares of the stock. Wealthspire Advisors LLC grew its stake in Donaldson by 2.8% in the first quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock valued at $381,000 after purchasing an additional 140 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Donaldson by 1.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock valued at $813,000 after buying an additional 146 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in shares of Donaldson by 31.6% in the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after buying an additional 184 shares in the last quarter. Oak Family Advisors LLC boosted its holdings in shares of Donaldson by 4.3% in the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock valued at $339,000 after buying an additional 197 shares in the last quarter. Finally, SkyOak Wealth LLC boosted its holdings in shares of Donaldson by 5.3% in the 1st quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after buying an additional 228 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DCI. Stifel Nicolaus lowered their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Robert W. Baird cut their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd. Finally, Raymond James began coverage on Donaldson in a report on Friday, June 28th. They set a “market perform” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price 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.