Donaldson Company, Inc. (NYSE:DCI) Short Interest Down 10.3% in April

Donaldson Company, Inc. (NYSE:DCI) was the target of a large drop in short interest in April. As of April 15th, there was short interest totalling 1,400,000 shares, a drop of 10.3% from the March 31st total of 1,560,000 shares. Based on an average daily volume of 480,200 shares, the days-to-cover ratio is currently 2.9 days. Currently, 1.2% of the company’s stock are sold short.

Insider Activity

In related news, Director Willard D. Oberton sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the transaction, the director now directly owns 27,685 shares in the company, valued at approximately $2,035,954.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Donaldson news, Director Willard D. Oberton sold 4,500 shares of the firm’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the sale, the director now directly owns 27,685 shares in the company, valued at approximately $2,035,954.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Sheila G. Kramer sold 45,500 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the completion of the sale, the insider now owns 23,171 shares in the company, valued at $1,703,531.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 79,407 shares of company stock worth $5,817,942. 2.58% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in DCI. Millburn Ridgefield Corp bought a new position in Donaldson in the third quarter valued at approximately $27,000. Catalyst Capital Advisors LLC acquired a new position in shares of Donaldson during the third quarter worth $27,000. Fortitude Family Office LLC acquired a new position in shares of Donaldson during the fourth quarter worth $27,000. Park Place Capital Corp acquired a new position in shares of Donaldson during the first quarter worth $27,000. Finally, Lindbrook Capital LLC lifted its holdings in shares of Donaldson by 58.2% during the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 174 shares during the period. 82.81% of the stock is owned by institutional investors.

Donaldson Trading Down 1.0 %

Shares of NYSE:DCI opened at $72.19 on Wednesday. The business has a 50 day moving average of $72.39 and a 200-day moving average of $66.05. The stock has a market cap of $8.69 billion, a PE ratio of 23.51, a P/E/G ratio of 2.10 and a beta of 1.10. Donaldson has a 12-month low of $57.05 and a 12-month high of $75.44. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, topping the consensus estimate of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The company had revenue of $876.70 million for the quarter, compared to analysts’ expectations of $874.34 million. During the same period last year, the firm earned $0.75 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. As a group, equities research analysts forecast that Donaldson will post 3.28 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on DCI. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Robert W. Baird boosted their price target on shares of Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley started coverage on shares of Donaldson in a research note on Monday, January 8th. They issued an “underweight” rating and a $59.00 target price for the company. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $67.50.

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.