Donaldson Company, Inc. (NYSE:DCI) Director James Owens Sells 18,700 Shares

Donaldson Company, Inc. (NYSE:DCI - Get Free Report) Director James Owens sold 18,700 shares of Donaldson stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the transaction, the director now owns 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Donaldson Trading Down 1.6 %

Shares of Donaldson stock traded down $1.02 on Wednesday, reaching $62.21. The company had a trading volume of 210,088 shares, compared to its average volume of 571,467. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95. The firm has a market cap of $7.44 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The firm's 50-day moving average price is $67.30 and its two-hundred day moving average price is $70.73.

Donaldson (NYSE:DCI - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million during the quarter, compared to analysts' expectations of $908.32 million. As a group, research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

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Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were paid a dividend of $0.27 per share. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.74%. Donaldson's payout ratio is 31.58%.

Institutional Trading of Donaldson

Institutional investors have recently bought and sold shares of the stock. Argent Trust Co grew its holdings in shares of Donaldson by 3.3% during the fourth quarter. Argent Trust Co now owns 4,739 shares of the industrial products company's stock valued at $319,000 after buying an additional 152 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in shares of Donaldson by 43.2% in the fourth 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. CIBC Asset Management Inc lifted its holdings in shares of Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock worth $252,000 after purchasing an additional 187 shares during the period. Johnson Financial Group Inc. increased its holdings in Donaldson by 48.8% in the 4th 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 during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Donaldson by 28.7% in the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after buying an additional 206 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DCI has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday. StockNews.com cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $71.33.

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.