Donaldson Company, Inc. (NYSE:DCI) Short Interest Update

Donaldson Company, Inc. (NYSE:DCI) was the target of a large growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,860,000 shares, a growth of 15.5% from the January 15th total of 1,610,000 shares. Approximately 1.6% of the company’s stock are short sold. Based on an average daily volume of 594,500 shares, the short-interest ratio is currently 3.1 days.

Donaldson Stock Performance

Shares of DCI stock traded down $1.60 during mid-day trading on Monday, reaching $68.49. The stock had a trading volume of 668,717 shares, compared to its average volume of 472,069. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson has a 1-year low of $65.91 and a 1-year high of $78.95. The firm has a market cap of $8.18 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.85 and a beta of 1.06. The business’s fifty day moving average is $69.70 and its 200-day moving average is $72.33.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. On average, research analysts forecast that Donaldson will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. Donaldson’s payout ratio is currently 31.40%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on DCI shares. Morgan Stanley boosted their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Robert W. Baird upped their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Sunday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $74.00.

Insider Buying and Selling at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DCI. Truist Financial Corp increased its holdings in shares of Donaldson by 16.4% during the 2nd quarter. Truist Financial Corp now owns 5,697 shares of the industrial products company’s stock valued at $408,000 after purchasing an additional 804 shares in the last quarter. CWM LLC increased its holdings in 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 buying an additional 1,477 shares in the last quarter. Creative Planning raised its position in shares of Donaldson by 2.7% in the third quarter. Creative Planning now owns 30,017 shares of the industrial products company’s stock worth $2,212,000 after acquiring an additional 786 shares during the period. V Square Quantitative Management LLC boosted its stake in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares in the last quarter. Finally, Trust Point Inc. grew its position in shares of Donaldson by 5.2% during the 3rd quarter. Trust Point Inc. now owns 5,951 shares of the industrial products company’s stock valued at $439,000 after acquiring an additional 293 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

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.