Insider Selling: Donaldson Company, Inc. (NYSE:DCI) President Sells $182,900.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) President Thomas R. Scalf sold 2,500 shares of the stock in a transaction that occurred on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at $2,072,915.44. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Donaldson Stock Performance

DCI stock opened at $73.82 on Friday. 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 Company, Inc. has a twelve month low of $57.05 and a twelve month high of $78.03. The business’s fifty day moving average is $72.36 and its 200-day moving average is $72.91. The company has a market cap of $8.84 billion, a P/E ratio of 21.84, a price-to-earnings-growth ratio of 1.92 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Equities research analysts forecast that Donaldson Company, Inc. will post 3.63 EPS for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, August 13th. Donaldson’s payout ratio is presently 31.95%.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of recent research reports. Raymond James initiated coverage on Donaldson in a research report on Friday, June 28th. They issued a “market perform” rating on the stock. Stifel Nicolaus lowered their price objective on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. Finally, StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $69.67.

Institutional Investors Weigh In On Donaldson

Several hedge funds have recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the period. Park Place Capital Corp bought a new stake in Donaldson during the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. bought a new stake in Donaldson during the 1st quarter worth approximately $32,000. Versant Capital Management Inc raised its holdings in Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares during the period. Finally, Mather Group LLC. lifted its stake in Donaldson by 408.1% in the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after buying an additional 404 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

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.