Donaldson Company, Inc. (NYSE:DCI – Get Free Report) Director Willard D. Oberton sold 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $64.99, for a total value of $324,950.00. Following the completion of the transaction, the director now directly owns 26,337 shares of the company’s stock, valued at $1,711,641.63. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Donaldson Price Performance
Shares of NYSE:DCI traded up $0.25 during midday trading on Thursday, reaching $63.84. 156,385 shares of the company’s stock traded hands, compared to its average volume of 297,942. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $66.96. The company has a market cap of $7.67 billion, a P/E ratio of 21.48, a PEG ratio of 1.93 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.00 and a current ratio of 1.49. The company has a fifty day simple moving average of $61.65 and a two-hundred day simple moving average of $61.55.
Donaldson (NYSE:DCI – Get Free Report) last announced its earnings results on Wednesday, November 29th. The industrial products company reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Donaldson had a return on equity of 29.08% and a net margin of 10.60%. The firm had revenue of $846.30 million for the quarter, compared to analyst estimates of $857.91 million. During the same quarter last year, the firm posted $0.75 EPS. The business’s revenue was down .1% on a year-over-year basis. Equities analysts predict that Donaldson Company, Inc. will post 3.2 EPS for the current fiscal year.
Donaldson Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Tuesday, December 5th were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.57%. The ex-dividend date was Monday, December 4th. Donaldson’s dividend payout ratio is currently 33.78%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the company. FCF Advisors LLC acquired a new position in Donaldson in the 4th quarter valued at $900,000. Vanguard Group Inc. increased its stake in shares of Donaldson by 0.3% in the 3rd quarter. Vanguard Group Inc. now owns 12,957,726 shares of the industrial products company’s stock worth $772,799,000 after acquiring an additional 43,490 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Donaldson by 93.3% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 41,438 shares of the industrial products company’s stock worth $2,472,000 after acquiring an additional 20,003 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Donaldson by 4.3% in the 3rd quarter. American Century Companies Inc. now owns 1,343,875 shares of the industrial products company’s stock worth $80,149,000 after acquiring an additional 55,746 shares during the last quarter. Finally, Walleye Capital LLC acquired a new stake in shares of Donaldson during the 3rd quarter worth about $376,000. 80.35% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of brokerages have issued reports on DCI. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Friday, December 22nd. Stifel Nicolaus increased their target price on Donaldson from $64.00 to $65.00 and gave the company a “hold” rating in a research report on Thursday, November 30th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $67.75.
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.