Amy C. Becker Sells 14,500 Shares of Donaldson Company, Inc. (NYSE:DCI) Stock

Donaldson Company, Inc. (NYSE:DCI) insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the transaction, the insider now owns 41,368 shares in the company, valued at $3,015,313.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Donaldson Trading Up 1.1 %

Shares of NYSE:DCI opened at $73.47 on Wednesday. The business’s 50 day simple moving average is $72.43 and its 200 day simple moving average is $72.90. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $78.03. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company has a market capitalization of $8.85 billion, a P/E ratio of 22.75, a P/E/G ratio of 1.84 and a beta of 1.05.

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

Donaldson Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Raymond James started coverage on shares of Donaldson in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Robert W. Baird decreased their price target 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. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday, September 20th. Finally, Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. 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 stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $69.67.

Hedge Funds Weigh In On Donaldson

Hedge funds and other institutional investors have recently modified their holdings of the business. Park Place Capital Corp acquired a new stake in Donaldson in the first quarter valued at about $27,000. YHB Investment Advisors Inc. bought a new position in shares of Donaldson in the first quarter worth about $32,000. Versant Capital Management Inc boosted its stake in shares of Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares in the last quarter. Mather Group LLC. grew its holdings in shares of Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 404 shares during the last quarter. Finally, Riverview Trust Co acquired a new position in Donaldson during the 1st quarter worth approximately $46,000. Institutional investors own 82.81% of the company’s stock.

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.