Donaldson Company, Inc. (NYSE:DCI) Short Interest Update

Donaldson Company, Inc. (NYSE:DCI) was the recipient of a large decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,500,403 shares, a decline of 13.6% from the January 15th total of 1,735,610 shares. Currently, 1.3% of the company’s shares are sold short. Based on an average trading volume of 736,251 shares, the days-to-cover ratio is currently 2.0 days. Based on an average trading volume of 736,251 shares, the days-to-cover ratio is currently 2.0 days. Currently, 1.3% of the company’s shares are sold short.

Insider Transactions at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 19,800 shares of the business’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $92.04, for a total value of $1,822,392.00. Following the sale, the director directly owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bradley J. Pogalz sold 566 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $91.57, for a total transaction of $51,828.62. Following the sale, the chief financial officer directly owned 434 shares of the company’s stock, valued at $39,741.38. This trade represents a 56.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Verdence Capital Advisors LLC grew its position in shares of Donaldson by 1.2% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,603 shares of the industrial products company’s stock valued at $763,000 after acquiring an additional 101 shares during the period. TIAA Trust National Association boosted its stake in Donaldson by 2.0% during the fourth quarter. TIAA Trust National Association now owns 5,589 shares of the industrial products company’s stock worth $496,000 after buying an additional 108 shares during the last quarter. Perigon Wealth Management LLC raised its stake in Donaldson by 3.6% during the fourth quarter. Perigon Wealth Management LLC now owns 3,440 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 118 shares during the period. Signaturefd LLC increased its position in shares of Donaldson by 9.6% during the 4th quarter. Signaturefd LLC now owns 1,403 shares of the industrial products company’s stock worth $124,000 after purchasing an additional 123 shares during the last quarter. Finally, Quadrant Capital Group LLC boosted its position in shares of Donaldson by 2.4% during the fourth quarter. Quadrant Capital Group LLC now owns 5,645 shares of the industrial products company’s stock worth $500,000 after buying an additional 132 shares during the period. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently commented on DCI shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Donaldson in a research report on Friday, January 9th. Robert W. Baird set a $110.00 target price on shares of Donaldson in a research note on Monday, February 2nd. Morgan Stanley upgraded shares of Donaldson from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $72.00 to $84.00 in a research report on Monday, November 24th. Stifel Nicolaus lifted their price target on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a research note on Friday, December 5th. Finally, Jefferies Financial Group upped their price objective on Donaldson to $123.00 and gave the stock a “buy” rating in a research note on Monday, February 2nd. Three 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, Donaldson has an average rating of “Moderate Buy” and a consensus price target of $103.25.

Donaldson Trading Down 1.0%

Shares of Donaldson stock traded down $1.05 on Tuesday, reaching $108.41. The company had a trading volume of 24,926 shares, compared to its average volume of 695,419. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.15 and a quick ratio of 1.39. Donaldson has a 1 year low of $57.45 and a 1 year high of $112.84. The firm has a market cap of $12.50 billion, a price-to-earnings ratio of 33.77, a P/E/G ratio of 2.71 and a beta of 1.00. The firm’s 50-day moving average price is $97.83 and its two-hundred day moving average price is $87.46.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $922.68 million. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $0.83 earnings per share. As a group, research analysts predict that Donaldson will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Thursday, February 12th will be paid a dividend of $0.30 per share. The ex-dividend date is Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.1%. Donaldson’s dividend payout ratio is presently 37.38%.

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.