Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf Sells 4,295 Shares

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 4,295 shares of Donaldson stock in a transaction on Monday, October 7th. The shares were sold at an average price of $73.33, for a total value of $314,952.35. Following the completion of the sale, the president now directly owns 30,834 shares of the company’s stock, valued at $2,261,057.22. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Donaldson Trading Up 0.9 %

Donaldson stock traded up $0.67 during midday trading on Wednesday, hitting $73.51. 164,949 shares of the stock were exchanged, compared to its average volume of 484,619. The company has a fifty day simple moving average of $72.38 and a two-hundred day simple moving average of $72.91. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03. The stock has a market capitalization of $8.85 billion, a PE ratio of 22.54, a P/E/G ratio of 1.91 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

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

Donaldson Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 1.47%. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Institutional Trading of Donaldson

Several hedge funds have recently bought and sold shares of the stock. UMB Bank n.a. raised its holdings in Donaldson by 359.2% during the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after buying an additional 273 shares during the period. Mountain Pacific Investment Advisers LLC raised its holdings in shares of Donaldson by 2.1% in the third quarter. Mountain Pacific Investment Advisers LLC now owns 478,487 shares of the industrial products company’s stock valued at $35,264,000 after purchasing an additional 9,827 shares during the last quarter. CWM LLC raised its holdings in shares of Donaldson by 24.6% in the third quarter. CWM LLC now owns 7,483 shares of the industrial products company’s stock valued at $551,000 after purchasing an additional 1,477 shares during the last quarter. Diversified Trust Co raised its holdings in shares of Donaldson by 72.0% in the third quarter. Diversified Trust Co now owns 12,777 shares of the industrial products company’s stock valued at $942,000 after purchasing an additional 5,349 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 301 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Raymond James initiated coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Stifel Nicolaus cut their target price 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, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average 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.