Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf Sells 2,500 Shares

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 2,500 shares of the stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the transaction, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This trade represents a 0.00 % 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

Shares of NYSE:DCI opened at $72.87 on Friday. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The stock has a market capitalization of $8.77 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.91 and a beta of 1.04. The company has a 50-day simple moving average of $72.33 and a 200-day simple moving average of $72.91. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The firm had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. On average, analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were given a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.48%. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Analysts Set New Price Targets

Several equities analysts have issued reports on DCI shares. Stifel Nicolaus decreased their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Raymond James started coverage on Donaldson in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Finally, StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Donaldson has a consensus rating of “Hold” and a consensus price target of $69.67.

Hedge Funds Weigh In On Donaldson

Institutional investors have recently bought and sold shares of the company. UMB Bank n.a. increased its stake in shares of Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after acquiring an additional 273 shares during the period. Mountain Pacific Investment Advisers LLC lifted its holdings in shares of Donaldson by 2.1% in the 3rd quarter. Mountain Pacific Investment Advisers LLC now owns 478,487 shares of the industrial products company’s stock valued at $35,264,000 after buying an additional 9,827 shares during the period. CWM LLC grew its holdings in Donaldson by 24.6% during the third quarter. CWM LLC now owns 7,483 shares of the industrial products company’s stock worth $551,000 after acquiring an additional 1,477 shares during the period. Diversified Trust Co raised its position in Donaldson by 72.0% in the third quarter. Diversified Trust Co now owns 12,777 shares of the industrial products company’s stock worth $942,000 after acquiring an additional 5,349 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after acquiring an additional 301 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

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.