James Owens Sells 126 Shares of Donaldson (NYSE:DCI) Stock

Donaldson Company, Inc. (NYSE:DCI) Director James Owens sold 126 shares of the stock in a transaction on Friday, April 10th. The shares were sold at an average price of $88.82, for a total value of $11,191.32. Following the completion of the sale, the director owned 22,565 shares in the company, valued at approximately $2,004,223.30. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

James Owens also recently made the following trade(s):

• On Monday, April 13th, James Owens sold 5,921 shares of Donaldson stock. The shares were sold at an average price of $89.02, for a total value of $527,087.42.
• On Tuesday, April 14th, James Owens sold 13,753 shares of Donaldson stock. The shares were sold at an average price of $89.21, for a total value of $1,226,905.13.

Donaldson Stock Down 0.7%

DCI opened at $88.60 on Thursday. The company has a current ratio of 2.29, a quick ratio of 1.46 and a debt-to-equity ratio of 0.43. The stock’s fifty day simple moving average is $93.79 and its 200 day simple moving average is $91.30. Donaldson Company, Inc. has a 1-year low of $61.17 and a 1-year high of $112.84. The stock has a market cap of $10.26 billion, a PE ratio of 27.69, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.07). Donaldson had a net margin of 10.09% and a return on equity of 29.85%. The firm had revenue of $896.30 million during the quarter, compared to analyst estimates of $898.64 million. During the same period in the prior year, the company earned $0.83 earnings per share. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend was Thursday, February 12th. Donaldson’s dividend payout ratio is currently 37.50%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. True Wealth Design LLC increased its position in shares of Donaldson by 203.7% in the third quarter. True Wealth Design LLC now owns 325 shares of the industrial products company’s stock worth $27,000 after purchasing an additional 218 shares during the period. SJS Investment Consulting Inc. increased its position in shares of Donaldson by 3,680.0% in the third quarter. SJS Investment Consulting Inc. now owns 378 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 368 shares during the period. Leonteq Securities AG bought a new position in shares of Donaldson in the fourth quarter worth $40,000. Eagle Bay Advisors LLC bought a new position in shares of Donaldson in the fourth quarter worth $45,000. Finally, Clearstead Advisors LLC increased its position in shares of Donaldson by 92.6% in the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after purchasing an additional 288 shares during the period. Institutional investors own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DCI. UBS Group set a $96.00 price objective on Donaldson in a report on Tuesday, February 24th. Morgan Stanley decreased their price objective on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Jefferies Financial Group upped their price objective on Donaldson to $123.00 and gave the company a “buy” rating in a report on Monday, February 2nd. Wall Street Zen lowered Donaldson from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.20.

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.