Donaldson Company, Inc. (NYSE:DCI) Short Interest Down 8.5% in November

Donaldson Company, Inc. (NYSE:DCI) was the recipient of a significant drop in short interest in the month of November. As of November 15th, there was short interest totalling 1,290,000 shares, a drop of 8.5% from the October 31st total of 1,410,000 shares. Based on an average trading volume of 519,500 shares, the short-interest ratio is currently 2.5 days. Approximately 1.1% of the shares of the company are short sold.

Insider Transactions at Donaldson

In related news, Director Willard D. Oberton sold 2,700 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now owns 27,983 shares in the company, valued at $2,053,112.71. This represents a 8.80 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the company’s stock in a transaction that occurred on 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 sale, the president now owns 28,334 shares in the company, valued at $2,072,915.44. The trade was a 8.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 over the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Large investors have recently made changes to their positions in the stock. Franklin Resources Inc. raised its position in shares of Donaldson by 2.5% in the third quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after acquiring an additional 73,234 shares during the period. Tidal Investments LLC grew its stake in Donaldson by 26.9% during the 3rd quarter. Tidal Investments LLC now owns 9,327 shares of the industrial products company’s stock valued at $687,000 after acquiring an additional 1,980 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Donaldson by 33.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 19,787 shares of the industrial products company’s stock valued at $1,533,000 after buying an additional 4,908 shares during the period. TD Private Client Wealth LLC grew its stake in shares of Donaldson by 32.6% in the 3rd quarter. TD Private Client Wealth LLC now owns 2,540 shares of the industrial products company’s stock valued at $187,000 after buying an additional 625 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after acquiring an additional 118,156 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DCI has been the topic of several analyst reports. Stifel Nicolaus lowered their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, August 29th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Donaldson has an average rating of “Hold” and a consensus price target of $69.67.

Donaldson Trading Up 0.3 %

NYSE DCI traded up $0.23 during trading on Monday, hitting $78.28. The stock had a trading volume of 505,981 shares, compared to its average volume of 488,872. 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 market capitalization of $9.37 billion, a price-to-earnings ratio of 23.09, a P/E/G ratio of 2.05 and a beta of 1.04. Donaldson has a one year low of $60.78 and a one year high of $78.95. The stock has a 50 day simple moving average of $75.02 and a 200 day simple moving average of $73.41.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is presently 31.95%.

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.