Donaldson Company, Inc. (NYSE:DCI) Short Interest Down 10.3% in April

Donaldson Company, Inc. (NYSE:DCI) saw a large decrease in short interest during the month of April. As of April 15th, there was short interest totalling 1,400,000 shares, a decrease of 10.3% from the March 31st total of 1,560,000 shares. Based on an average daily trading volume, of 480,200 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.2% of the company’s shares are sold short.

Insider Activity at Donaldson

In other news, Director Willard D. Oberton sold 4,500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $73.54, for a total value of $330,930.00. Following the sale, the director now directly owns 27,685 shares of the company’s stock, valued at approximately $2,035,954.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, insider Sheila G. Kramer sold 45,500 shares of the stock in a transaction that occurred on Friday, March 15th. The shares were sold at an average price of $73.52, for a total value of $3,345,160.00. Following the transaction, the insider now owns 23,171 shares in the company, valued at approximately $1,703,531.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Willard D. Oberton sold 4,500 shares of the firm’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the sale, the director now owns 27,685 shares in the company, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Insiders sold 79,407 shares of company stock worth $5,817,942 in the last three months. 2.58% of the stock is owned by insiders.

Institutional Trading of Donaldson

Hedge funds have recently modified their holdings of the company. Gotham Asset Management LLC raised its position in shares of Donaldson by 47.9% in the 3rd quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company’s stock valued at $5,973,000 after purchasing an additional 32,431 shares during the last quarter. Ballentine Partners LLC grew its stake in shares of Donaldson by 60.6% during the 3rd quarter. Ballentine Partners LLC now owns 7,141 shares of the industrial products company’s stock worth $426,000 after purchasing an additional 2,694 shares during the period. Boston Trust Walden Corp grew its stake in shares of Donaldson by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after purchasing an additional 42,365 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Donaldson by 49.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock worth $4,968,000 after purchasing an additional 27,633 shares during the period. Finally, Cambridge Trust Co. grew its stake in shares of Donaldson by 36.1% during the 3rd quarter. Cambridge Trust Co. now owns 96,457 shares of the industrial products company’s stock worth $5,753,000 after purchasing an additional 25,592 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on DCI. Morgan Stanley began coverage on shares of Donaldson in a report on Monday, January 8th. They set an “underweight” rating and a $59.00 price objective for the company. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Finally, Robert W. Baird raised their target price on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $67.50.

Donaldson Stock Down 1.0 %

NYSE DCI opened at $72.19 on Wednesday. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $72.39 and a two-hundred day moving average of $66.05. The firm has a market capitalization of $8.69 billion, a price-to-earnings ratio of 23.51, a PEG ratio of 2.10 and a beta of 1.10. Donaldson has a 52 week low of $57.05 and a 52 week high of $75.44.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The firm had revenue of $876.70 million for the quarter, compared to analysts’ expectations of $874.34 million. During the same period in the prior year, the business posted $0.75 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, analysts predict that Donaldson will post 3.28 earnings per share for the current year.

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.