Donaldson Company, Inc. (NYSE:DCI) CFO Scott J. Robinson Sells 83,600 Shares of Stock

Donaldson Company, Inc. (NYSE:DCI) CFO Scott J. Robinson sold 83,600 shares of the firm’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at $2,791,456.08. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Donaldson Stock Down 0.2 %

Shares of DCI opened at $73.69 on Tuesday. The company has a market capitalization of $8.87 billion, a P/E ratio of 22.81, a PEG ratio of 1.91 and a beta of 1.05. Donaldson Company, Inc. has a one year low of $57.05 and a one year high of $78.03. The business’s 50 day simple moving average is $72.44 and its 200-day simple moving average is $72.94. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio is currently 33.44%.

Analyst Ratings Changes

DCI has been the subject of several recent research reports. Stifel Nicolaus dropped their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Raymond James initiated coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Finally, Robert W. Baird reduced their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and an average target price of $69.67.

Hedge Funds Weigh In On Donaldson

Institutional investors have recently modified their holdings of the stock. TD Asset Management Inc increased its holdings in shares of Donaldson by 23.7% in the first quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock valued at $143,434,000 after purchasing an additional 367,705 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Donaldson by 1.8% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,884,187 shares of the industrial products company’s stock valued at $134,832,000 after buying an additional 32,964 shares during the period. Fiduciary Management Inc. WI raised its position in shares of Donaldson by 3.5% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock worth $118,884,000 after acquiring an additional 61,584 shares during the last quarter. American Century Companies Inc. raised its position in shares of Donaldson by 4.7% during the second quarter. American Century Companies Inc. now owns 1,691,903 shares of the industrial products company’s stock worth $121,073,000 after acquiring an additional 75,733 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in Donaldson by 19.4% in the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock valued at $103,576,000 after acquiring an additional 256,994 shares during the last quarter. 82.81% of the stock is owned by 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.