Thomas R. Scalf Sells 29,500 Shares of Donaldson Company, Inc. (NYSE:DCI) Stock

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.

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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.

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

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.