Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf Sells 28,500 Shares of Stock

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 28,500 shares of the stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Donaldson Stock Performance

Shares of DCI opened at $68.16 on Wednesday. The firm’s fifty day simple moving average is $69.53 and its two-hundred day simple moving average is $71.73. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $8.15 billion, a P/E ratio of 19.81, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04.

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

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.58%. Donaldson’s dividend payout ratio is currently 31.58%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. 111 Capital bought a new stake in Donaldson in the fourth quarter valued at $245,000. Wood Tarver Financial Group LLC acquired a new stake in shares of Donaldson in the 4th quarter valued at about $42,000. Menard Financial Group LLC bought a new stake in Donaldson in the 4th quarter valued at about $90,000. Jefferies Financial Group Inc. acquired a new position in Donaldson during the 4th quarter worth approximately $719,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new position in Donaldson in the fourth quarter worth approximately $247,000. 82.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Robert W. Baird upped their price objective on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Finally, Morgan Stanley raised their price objective on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. One equities research 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. According to MarketBeat, Donaldson has an average rating of “Hold” and an average price target of $74.00.

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.