Donaldson Company, Inc. (NYSE:DCI) CFO Sells $2,668,472.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total transaction of $2,668,472.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Donaldson Stock Performance

Shares of DCI stock traded up $0.23 on Wednesday, reaching $71.11. The stock had a trading volume of 284,947 shares, compared to its average volume of 505,837. The stock has a market cap of $8.56 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.30 and a current ratio of 1.91. The company has a 50 day simple moving average of $73.30 and a 200 day simple moving average of $70.32.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The company had revenue of $927.90 million for the quarter, compared to the consensus estimate of $915.84 million. During the same quarter in the prior year, the company earned $0.76 earnings per share. Donaldson’s revenue was up 6.0% on a year-over-year basis. Equities research analysts expect that Donaldson Company, Inc. will post 3.37 EPS for the current year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Monday, June 17th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.52%. This is a positive change from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date was Monday, June 17th. Donaldson’s payout ratio is 33.44%.

Analysts Set New Price Targets

DCI has been the subject of several recent analyst reports. Raymond James started coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating for the company. Robert W. Baird reduced their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. 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 assigned a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $67.67.

Institutional Trading of Donaldson

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC lifted its position in shares of Donaldson by 31.6% during the 1st quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after buying an additional 184 shares in the last quarter. Cambridge Trust Co. raised its stake in Donaldson by 90.2% during the 1st quarter. Cambridge Trust Co. now owns 184,474 shares of the industrial products company’s stock worth $13,777,000 after acquiring an additional 87,507 shares during the period. Virtu Financial LLC purchased a new position in Donaldson during the first quarter valued at approximately $424,000. Public Employees Retirement Association of Colorado bought a new position in shares of Donaldson in the first quarter worth approximately $660,000. Finally, Aristides Capital LLC purchased a new stake in shares of Donaldson in the first quarter worth $278,000. 82.81% of the stock is owned by hedge funds and other institutional investors.

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.