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

Donaldson Company, Inc. (NYSE:DCI - Get Free Report) President Thomas R. Scalf sold 28,500 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Donaldson Trading Down 0.8 %

Shares of NYSE:DCI traded down $0.55 on Friday, reaching $67.31. 2,808,242 shares of the company traded hands, compared to its average volume of 524,514. The business's 50-day simple moving average is $69.56 and its 200 day simple moving average is $71.65. Donaldson Company, Inc. has a 52 week low of $65.10 and a 52 week high of $78.95. The stock has a market capitalization of $8.04 billion, a P/E ratio of 19.57, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings data 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). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The company had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. As a group, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

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Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors 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 1.60%. Donaldson's payout ratio is presently 31.58%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Morgan Stanley raised their price target on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. Finally, Robert W. Baird raised their price target on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One 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 MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $74.00.

Institutional Trading of Donaldson

Several large investors have recently modified their holdings of the business. 111 Capital bought a new stake in shares of Donaldson in the fourth quarter worth about $245,000. Wood Tarver Financial Group LLC bought a new stake in shares of Donaldson in the fourth quarter worth about $42,000. Menard Financial Group LLC bought a new stake in shares of Donaldson in the fourth quarter worth about $90,000. Jefferies Financial Group Inc. bought a new stake in shares of Donaldson in the fourth quarter worth about $719,000. Finally, Parr Mcknight Wealth Management Group LLC bought a new stake in shares of Donaldson in the fourth quarter worth about $247,000. 82.81% of the stock is owned by institutional investors.

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.