Donaldson Company, Inc. (NYSE:DCI) Short Interest Update

Donaldson Company, Inc. (NYSE:DCI) was the recipient of a large increase in short interest during the month of October. As of October 31st, there was short interest totalling 1,410,000 shares, an increase of 6.8% from the October 15th total of 1,320,000 shares. Based on an average daily volume of 492,600 shares, the days-to-cover ratio is presently 2.9 days. Currently, 1.2% of the company’s stock are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DCI. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus cut their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. One analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $69.67.

Donaldson Stock Performance

Shares of Donaldson stock traded down $0.57 during trading hours on Tuesday, reaching $75.49. 139,860 shares of the stock traded hands, compared to its average volume of 483,770. The company has a 50 day moving average price of $73.98 and a 200 day moving average price of $73.27. The firm has a market capitalization of $9.04 billion, a price-to-earnings ratio of 22.26, a P/E/G ratio of 2.01 and a beta of 1.04. Donaldson has a one year low of $58.75 and a one year high of $78.71. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. The company had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. On average, equities research analysts expect that Donaldson will post 3.63 earnings per share for the current fiscal year.

Insider Transactions at Donaldson

In other Donaldson news, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $72.89, for a total value of $1,056,905.00. Following the completion of the transaction, the insider now owns 41,368 shares of the company’s stock, valued at approximately $3,015,313.52. The trade was a 25.95 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the transaction, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This trade represents a 8.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock valued at $12,310,222 in the last quarter. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in DCI. Janney Montgomery Scott LLC grew its stake in shares of Donaldson by 11.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 3,523 shares of the industrial products company’s stock valued at $263,000 after acquiring an additional 351 shares during the period. Russell Investments Group Ltd. boosted its stake in Donaldson by 4.1% in the 1st quarter. Russell Investments Group Ltd. now owns 95,557 shares of the industrial products company’s stock worth $7,136,000 after purchasing an additional 3,763 shares during the period. State Board of Administration of Florida Retirement System boosted its stake in Donaldson by 5.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 145,342 shares of the industrial products company’s stock worth $10,854,000 after purchasing an additional 8,032 shares during the period. Mitsubishi UFJ Trust & Banking Corp boosted its stake in Donaldson by 31.9% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 14,308 shares of the industrial products company’s stock worth $1,058,000 after purchasing an additional 3,464 shares during the period. Finally, TIAA Trust National Association boosted its stake in Donaldson by 43.3% in the 1st quarter. TIAA Trust National Association now owns 5,472 shares of the industrial products company’s stock worth $409,000 after purchasing an additional 1,653 shares during the period. 82.81% of the stock is currently owned by institutional investors.

Donaldson Company Profile

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.