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

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 29,500 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Donaldson Stock Performance

Donaldson stock opened at $68.90 on Thursday. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year high of $78.95. The company’s 50-day moving average is $69.30 and its 200 day moving average is $72.05. The firm has a market capitalization of $8.23 billion, a P/E ratio of 20.03, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. 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 issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 the consensus estimate of $908.32 million. Research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson’s payout ratio is presently 31.58%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Menard Financial Group LLC bought a new position in Donaldson in the 4th quarter worth about $90,000. Jefferies Financial Group Inc. purchased a new stake in shares of Donaldson in the fourth quarter valued at approximately $719,000. Parr Mcknight Wealth Management Group LLC bought a new position in Donaldson in the fourth quarter worth approximately $247,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Donaldson by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 436,896 shares of the industrial products company’s stock worth $29,425,000 after purchasing an additional 6,696 shares during the period. Finally, Voloridge Investment Management LLC raised its position in Donaldson by 29.2% during the 4th quarter. Voloridge Investment Management LLC now owns 495,724 shares of the industrial products company’s stock valued at $33,387,000 after purchasing an additional 111,895 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on DCI shares. Morgan Stanley lifted their price target 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 cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday. Finally, Robert W. Baird increased their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, Donaldson 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.