Donaldson Company, Inc. (NYSE:DCI) Director Sells $946,400.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Donaldson Price Performance

Shares of NYSE DCI opened at $67.37 on Wednesday. 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 company has a market capitalization of $8.05 billion, a price-to-earnings ratio of 19.58, a price-to-earnings-growth ratio of 1.90 and a beta of 1.06. Donaldson Company, Inc. has a twelve month low of $61.79 and a twelve month high of $78.95. The business has a 50 day simple moving average of $73.01 and a 200-day simple moving average of $72.77.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. During the same quarter in the previous year, the firm earned $0.75 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.27 dividend. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. Donaldson’s dividend payout ratio is currently 31.40%.

Hedge Funds Weigh In On Donaldson

Several institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. lifted its holdings in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in Donaldson in the third quarter valued at $41,000. V Square Quantitative Management LLC boosted its holdings in shares of Donaldson by 52.0% during the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after acquiring an additional 207 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Donaldson by 72.0% during the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 301 shares during the period. Finally, Headlands Technologies LLC grew its position in shares of Donaldson by 221.0% during the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 696 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DCI. Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Finally, Morgan Stanley raised their price objective on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $74.00.

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.