Donaldson Company, Inc. (NYSE:DCI – Get Free Report) Director James Owens sold 13,753 shares of the company’s stock in a transaction on Tuesday, April 14th. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13. Following the transaction, the director owned 22,565 shares of the company’s stock, valued at approximately $2,013,023.65. The trade was a 37.87% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
James Owens also recently made the following trade(s):
- On Monday, April 13th, James Owens sold 5,921 shares of Donaldson stock. The stock was sold at an average price of $89.02, for a total transaction of $527,087.42.
- On Friday, April 10th, James Owens sold 126 shares of Donaldson stock. The stock was sold at an average price of $88.82, for a total transaction of $11,191.32.
Donaldson Stock Performance
Donaldson stock traded up $0.32 during trading hours on Tuesday, reaching $89.24. 417,928 shares of the stock were exchanged, compared to its average volume of 728,093. The stock has a market cap of $10.34 billion, a P/E ratio of 27.89, a P/E/G ratio of 2.23 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29. Donaldson Company, Inc. has a 52-week low of $61.17 and a 52-week high of $112.84. The firm’s 50 day moving average is $94.45 and its 200 day moving average is $91.26.
Donaldson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. Donaldson’s dividend payout ratio is 37.50%.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on DCI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research note on Friday, January 9th. Jefferies Financial Group upped their price target on shares of Donaldson to $123.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Wall Street Zen cut shares of Donaldson from a “buy” rating to a “hold” rating in a research note on Saturday, March 7th. Morgan Stanley lowered their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a research note on Monday, March 9th. Finally, UBS Group set a $96.00 price target on shares of Donaldson in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $100.20.
View Our Latest Analysis on Donaldson
Institutional Investors Weigh In On Donaldson
A number of large investors have recently added to or reduced their stakes in the business. Vericrest Private Wealth acquired a new stake in Donaldson in the 4th quarter valued at about $236,000. Corient Private Wealth LLC grew its stake in Donaldson by 22.4% in the 4th quarter. Corient Private Wealth LLC now owns 52,749 shares of the industrial products company’s stock valued at $4,696,000 after acquiring an additional 9,650 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Donaldson in the 4th quarter valued at about $104,000. MidFirst Bank acquired a new stake in Donaldson in the 4th quarter valued at about $176,000. Finally, Kera Capital Partners Inc. grew its stake in Donaldson by 34.1% in the 4th quarter. Kera Capital Partners Inc. now owns 6,897 shares of the industrial products company’s stock valued at $611,000 after acquiring an additional 1,754 shares during the last quarter. 82.81% of the stock is owned by institutional investors and hedge funds.
About Donaldson
Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.
Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.
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