Donaldson Company, Inc. (NYSE:DCI) Director Sells $1,159,774.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) Director James Owens sold 18,700 shares of the company’s stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the sale, the director now directly owns 20,246 shares of the company’s stock, valued at $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Donaldson Stock Performance

Shares of DCI stock traded down $0.28 during trading hours on Friday, reaching $61.87. 130,380 shares of the company’s stock were exchanged, compared to its average volume of 639,898. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The company has a market cap of $7.39 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The company’s 50 day moving average is $67.71 and its two-hundred day moving average is $70.94.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. Equities research analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Donaldson presently has a consensus rating of “Hold” and an average target price of $74.00.

Hedge Funds Weigh In On Donaldson

A number of institutional investors have recently made changes to their positions in the stock. Colonial Trust Co SC acquired a new stake in shares of Donaldson during the fourth quarter valued at $25,000. Smartleaf Asset Management LLC boosted its stake in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock worth $40,000 after purchasing an additional 180 shares during the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Donaldson by 48.8% during the fourth quarter. Johnson Financial Group Inc. now owns 595 shares of the industrial products company’s stock worth $42,000 after buying an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC acquired a new position in shares of Donaldson in the fourth quarter valued at approximately $42,000. Finally, Venturi Wealth Management LLC raised its position in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after buying an additional 369 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.

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.