Donaldson Company, Inc. (NYSE:DCI) CEO Sells $2,247,502.11 in Stock

Donaldson Company, Inc. (NYSE:DCI) CEO Tod E. Carpenter sold 30,919 shares of the business’s stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the sale, the chief executive officer now owns 256,742 shares of the company’s stock, valued at approximately $18,662,575.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Donaldson Stock Up 2.0 %

Shares of NYSE:DCI opened at $73.97 on Friday. The firm has a market capitalization of $8.91 billion, a P/E ratio of 22.90, a P/E/G ratio of 1.91 and a beta of 1.05. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The stock has a 50 day moving average price of $72.41 and a 200-day moving average price of $72.90. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $78.03.

Donaldson (NYSE:DCI) last issued its quarterly earnings results 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 analysts’ expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, equities research analysts anticipate that Donaldson Company, Inc. will post 3.63 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a $0.27 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.46%. Donaldson’s dividend payout ratio is currently 33.44%.

Hedge Funds Weigh In On Donaldson

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

Analysts Set New Price Targets

A number of research firms recently commented on DCI. Robert W. Baird lowered their price target on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a report on Monday, June 3rd. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 20th. Raymond James initiated coverage on Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. Finally, Stifel Nicolaus reduced their target price on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research note on Thursday, August 29th. One equities 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, Donaldson presently has an average rating of “Hold” and an average target price of $69.67.

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.