Donaldson Company, Inc. (NYSE:DCI) Director Sells $946,400.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) Director Trudy A. Rautio sold 14,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Donaldson Price Performance

NYSE DCI traded down $0.70 on Monday, reaching $67.56. 413,023 shares of the company’s stock traded hands, compared to its average volume of 464,956. The stock has a market cap of $8.07 billion, a PE ratio of 19.64, a P/E/G ratio of 1.90 and a beta of 1.06. The stock has a 50-day simple moving average of $73.31 and a 200 day simple moving average of $72.84. Donaldson Company, Inc. has a 12 month low of $61.79 and a 12 month high of $78.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $900.10 million during the quarter, compared to analysts’ expectations of $888.88 million. During the same quarter in the prior year, the company posted $0.75 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. The ex-dividend date of this dividend was Monday, December 9th. Donaldson’s payout ratio is presently 31.40%.

Institutional Investors Weigh In On Donaldson

Hedge funds have recently made changes to their positions in the company. Vanguard Personalized Indexing Management LLC boosted its holdings in Donaldson by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock worth $813,000 after acquiring an additional 146 shares in the last quarter. Claro Advisors LLC lifted its holdings in Donaldson by 2.0% in the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock valued at $755,000 after acquiring an additional 203 shares during the period. GAMMA Investing LLC boosted its position in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the last quarter. V Square Quantitative Management LLC grew its stake in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the period. Finally, Hancock Whitney Corp increased its position in shares of Donaldson by 1.2% during the 3rd quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 219 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on DCI shares. Morgan Stanley increased their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Finally, Robert W. Baird raised their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $74.00.

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.