Donaldson Company, Inc. (NYSE:DCI – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Stock Report on DCI
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.
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