Donaldson (NYSE:DCI) Sets New 12-Month High - Here's Why

Donaldson Company, Inc. (NYSE:DCI - Get Free Report)'s share price reached a new 52-week high on Friday . The stock traded as high as $78.05 and last traded at $78.02, with a volume of 231144 shares. The stock had previously closed at $76.98.

Analyst Ratings Changes

Several analysts have recently issued reports on DCI shares. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Stifel Nicolaus decreased their price target on shares of Donaldson from $76.00 to $71.00 and set a "hold" rating on the stock in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $69.67.

Donaldson Stock Performance

The stock's 50 day simple moving average is $73.13 and its two-hundred day simple moving average is $73.03. The company has a market cap of $9.29 billion, a PE ratio of 22.78, a P/E/G ratio of 1.95 and a beta of 1.04. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, research analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 5,210 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares in the company, valued at $1,276,111.12. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, insider Amy C. Becker sold 14,500 shares of the business's stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the sale, the insider now directly owns 41,368 shares of the company's stock, valued at $3,015,313.52. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Owens sold 5,210 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total value of $373,765.40. Following the sale, the director now directly owns 17,788 shares in the company, valued at approximately $1,276,111.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Donaldson

A number of large investors have recently bought and sold shares of DCI. Meeder Asset Management Inc. bought a new stake in shares of Donaldson in the 3rd quarter worth approximately $212,000. Pathstone Holdings LLC lifted its stake in Donaldson by 8.5% in the third quarter. Pathstone Holdings LLC now owns 19,634 shares of the industrial products company's stock valued at $1,447,000 after buying an additional 1,534 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Donaldson by 33.6% during the third quarter. Quest Partners LLC now owns 39,668 shares of the industrial products company's stock valued at $2,924,000 after acquiring an additional 9,972 shares during the period. Claro Advisors LLC grew its position in shares of Donaldson by 2.0% during the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company's stock worth $755,000 after acquiring an additional 203 shares during the last quarter. Finally, ING Groep NV acquired a new stake in shares of Donaldson in the 3rd quarter worth about $1,142,000. Institutional investors own 82.81% of the company's stock.

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.

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