Insider Selling: Donaldson (NYSE:DCI) Director Sells $527,087.42 in Stock

Donaldson Company, Inc. (NYSE:DCI) Director James Owens sold 5,921 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were sold at an average price of $89.02, for a total value of $527,087.42. Following the completion of the transaction, the director owned 22,565 shares of the company’s stock, valued at approximately $2,008,736.30. The trade was a 20.79% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

James Owens also recently made the following trade(s):

• On Tuesday, April 14th, James Owens sold 13,753 shares of Donaldson stock. The stock was sold at an average price of $89.21, for a total value of $1,226,905.13.
• On Friday, April 10th, James Owens sold 126 shares of Donaldson stock. The stock was sold at an average price of $88.82, for a total value of $11,191.32.

Donaldson Stock Performance

Donaldson stock opened at $87.32 on Friday. The company has a quick ratio of 1.46, a current ratio of 2.29 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $10.11 billion, a P/E ratio of 27.29, a PEG ratio of 2.23 and a beta of 1.05. The stock’s 50 day moving average is $93.40 and its 200 day moving average is $91.27. Donaldson Company, Inc. has a twelve month low of $61.17 and a twelve month high of $112.84.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.07). The company had revenue of $896.30 million during the quarter, compared to analysts’ expectations of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The business’s quarterly revenue was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.83 EPS. On average, equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Thursday, February 12th were paid a $0.30 dividend. The ex-dividend date was Thursday, February 12th. This represents a $1.20 annualized dividend and a dividend yield of 1.4%. Donaldson’s dividend payout ratio is presently 37.50%.

Hedge Funds Weigh In On Donaldson

Institutional investors have recently bought and sold shares of the stock. True Wealth Design LLC raised its holdings in Donaldson by 203.7% in the 3rd quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 218 shares during the period. SJS Investment Consulting Inc. raised its holdings in Donaldson by 3,680.0% in the 3rd quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 368 shares during the period. Leonteq Securities AG bought a new position in Donaldson in the 4th quarter worth $40,000. Eagle Bay Advisors LLC bought a new position in Donaldson in the 4th quarter worth $45,000. Finally, Clearstead Advisors LLC raised its holdings in Donaldson by 92.6% in the 4th quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the period. 82.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DCI has been the topic of several analyst reports. Morgan Stanley lowered their price objective on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research report on Monday, March 9th. UBS Group set a $96.00 price objective on Donaldson in a research report on Tuesday, February 24th. Robert W. Baird lowered their price objective on Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a research report on Monday, March 30th. Jefferies Financial Group upped their price objective on Donaldson to $123.00 and gave the company a “buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings cut Donaldson from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday. Two investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.20.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.