Donaldson Company, Inc. (NYSE:DCI - Get Free Report) President Thomas R. Scalf sold 29,500 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the sale, the president now owns 28,334 shares of the company's stock, valued at $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Donaldson Price Performance
Donaldson stock traded up $0.62 during mid-day trading on Thursday, hitting $69.41. The stock had a trading volume of 790,900 shares, compared to its average volume of 548,412. The firm's 50 day moving average is $69.32 and its 200 day moving average is $72.03. Donaldson Company, Inc. has a one year low of $65.10 and a one year high of $78.95. The firm has a market capitalization of $8.29 billion, a P/E ratio of 20.18, a P/E/G 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 released its earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) 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 for the quarter, compared to analysts' expectations of $908.32 million. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.
Donaldson Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's dividend payout ratio (DPR) is presently 31.58%.
Wall Street Analyst Weigh In
Several research firms recently weighed in on DCI. Morgan Stanley lifted their target price 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 cut Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday. Finally, Robert W. Baird boosted their price objective on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note 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 data from MarketBeat.com, Donaldson currently has a consensus rating of "Hold" and a consensus price target of $74.00.
Get Our Latest Stock Analysis on Donaldson
Institutional Investors Weigh In On Donaldson
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Donaldson by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 12,717,289 shares of the industrial products company's stock valued at $856,509,000 after buying an additional 33,139 shares in the last quarter. FMR LLC boosted its position in shares of Donaldson by 6.2% during the 4th quarter. FMR LLC now owns 3,994,275 shares of the industrial products company's stock valued at $269,014,000 after acquiring an additional 231,424 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company's stock valued at $220,380,000 after purchasing an additional 73,234 shares in the last quarter. Geode Capital Management LLC increased its position in Donaldson by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 2,520,586 shares of the industrial products company's stock worth $169,804,000 after purchasing an additional 71,707 shares during the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in Donaldson by 19.9% during the fourth quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company's stock valued at $148,795,000 after purchasing an additional 367,383 shares in the last quarter. 82.81% of the stock is owned by institutional investors.
Donaldson Company Profile
(
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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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