Donaldson Company, Inc. (NYSE:DCI) CEO Tod E. Carpenter sells 30,919 shares

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Donaldson Company, Inc. (NYSE:DCI – Get Your Free Report ) CEO Tod E. Carpenter sold 30,919 shares of Donaldson stock in a transaction that occurred on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total transaction 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 $18,662,575.98. The transaction was disclosed in a filing with the SEC, which can be accessed via this link.

Donaldson trading up 0.9%

Shares of Donaldson stock traded up $0.65 during trading hours on Tuesday, hitting $73.29. The company’s stock had a trading volume of 89,274 shares, compared to its average volume of 482,006. The stock has a market cap of $8.82 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The firm has a fifty day moving average of $72.46 and a 200 day moving average of $72.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23, and a current ratio of 1.84.

Donaldson (NYSE:DCI – Get Your Free Report ) last released its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.88 by $0.06. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. Research analysts forecast that Donaldson Company, Inc. will record 3.63 EPS for the current year.

Donaldson Dividend Announcement

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The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Tuesday, August 13th were issued a $0.27 dividend. The ex-dividend date was Tuesday, August 13th. This represents an annualized dividend of $1.08 and a yield of 1.47%. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Institutional inputs and outputs

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park Place Capital Corp purchased a new position in shares of Donaldson in the 1st quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new position in Donaldson in the first quarter valued at about $32,000. Mather Group LLC. raised 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 purchasing an additional 404 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Donaldson by 1,372.2% in the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 494 shares during the last quarter. Finally, Riverview Trust Co purchased a new position in shares of Donaldson in the first quarter valued at $46,000. Institutional investors and hedge funds own 82.81% of the company’s shares.

Analysts on Wall Street are forecasting an increase

Several research firms have recently commented on DCI. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday. Stifel Nicolaus cut their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating on the stock in a report on Thursday, August 29th. Robert W. Baird cut 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. Finally, Raymond James began coverage on shares of Donaldson in a research report on Friday, June 28th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $69.67, according to MarketBeat.com.

Check out our latest analysis on DCI

About Donaldson

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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 offers replacement filters for air and liquid filtration applications such as air filtration systems; fluid filtration systems for fuel, lubricant and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.