Donaldson (NYSE:DCI) Reaches New 52-Week Low - Time to Sell?

Donaldson Company, Inc. (NYSE:DCI - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $65.10 and last traded at $66.21, with a volume of 369 shares changing hands. The stock had previously closed at $68.30.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Donaldson currently has an average rating of "Hold" and a consensus target price of $74.00.

Donaldson Price Performance

The stock has a market cap of $7.13 billion, a P/E ratio of 17.29, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The firm has a 50-day moving average price of $68.62 and a 200-day moving average price of $71.30.

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

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Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were given a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.81%. Donaldson's dividend payout ratio is currently 31.58%.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 28,500 shares of the company's stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the transaction, the president now owns 28,334 shares in the company, valued at $1,961,279.48. The trade was a 50.15 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Donaldson

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Colonial Trust Co SC bought a new stake in shares of Donaldson during the fourth quarter valued at approximately $25,000. Smartleaf Asset Management LLC boosted its stake in Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after purchasing an additional 180 shares during the last quarter. Johnson Financial Group Inc. increased its holdings in shares of 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 purchasing an additional 195 shares in the last quarter. Wood Tarver Financial Group LLC purchased a new position in shares of Donaldson in the fourth quarter worth $42,000. Finally, Venturi Wealth Management LLC lifted its holdings in shares of Donaldson by 89.6% during the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company's stock valued at $53,000 after purchasing an additional 369 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

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.