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 firm’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 transaction, the president now directly owns 28,334 shares in the company, valued at $1,951,929.26. This represents a 51.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Donaldson Stock Down 0.4 %

Shares of NYSE DCI opened at $68.83 on Tuesday. The company has a market cap of $8.22 billion, a price-to-earnings ratio of 20.01, a price-to-earnings-growth ratio of 1.82 and a beta of 1.06. Donaldson Company, Inc. has a 12-month low of $65.10 and a 12-month high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The firm’s 50-day simple moving average is $69.31 and its 200 day simple moving average is $72.09.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 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 analyst estimates of $908.32 million. On average, research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were paid a $0.27 dividend. The ex-dividend date was Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.57%. Donaldson’s dividend payout ratio (DPR) is currently 31.58%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of Donaldson during the 4th quarter worth approximately $65,828,000. Scharf Investments LLC bought a new stake in shares of Donaldson during the fourth quarter worth $61,697,000. Capital Counsel LLC NY increased its holdings in Donaldson by 489.2% in the 4th quarter. Capital Counsel LLC NY now owns 656,957 shares of the industrial products company’s stock worth $44,246,000 after purchasing an additional 545,457 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in Donaldson by 19.9% during the 4th quarter. Fiduciary Management Inc. WI now owns 2,209,279 shares of the industrial products company’s stock worth $148,795,000 after buying an additional 367,383 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Donaldson by 24.7% in the fourth quarter. Invesco Ltd. now owns 1,512,667 shares of the industrial products company’s stock worth $101,878,000 after purchasing an additional 299,302 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Morgan Stanley boosted their target price on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Donaldson currently has a consensus 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.