Donaldson Company, Inc. (NYSE:DCI) CEO sells $1,746,354.12 in stock

Donaldson Company, Inc. (NYSE:DCI – Get Your Free Report ) CEO Tod E. Carpenter sold 24,081 shares of Donaldson stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $72.52, for a total transaction of $1,746,354.12. Following the transaction, the chief executive officer now directly owns 256,742 shares in the company, valued at $18,618,929.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website.

Donaldson Stock Performance

Donaldson stock traded up $0.65 during mid-day trading on Tuesday, hitting $73.29. 89,274 shares of the company traded hands, compared to its average volume of 482,006. Donaldson Company, Inc. it has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The company has a fifty day moving average of $72.46 and a two hundred day moving average of $72.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84, and a quick ratio of 1.23. The company has a market cap of $8.82 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.84 and a beta of 1.05.

Donaldson (NYSE:DCI – Get Free Report ) last posted 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 company had revenue of $935.40 million during the quarter, compared to analyst estimates of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. On average, equities research analysts expect that Donaldson Company, Inc. to post 3.63 earnings per share for the current fiscal year.

Donaldson announces dividend

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

Analysts on Wall Street are forecasting an increase

Several research firms have commented on DCI. Raymond James began coverage on shares of Donaldson in a report on Friday, June 28th. They issued a “market perform” rating on the stock. 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. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a report on Friday. Finally, Robert W. Baird cut their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research report on Monday, June 3rd . One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $69.67, according to MarketBeat.com.

Get the latest stock analysis on Donaldson

Hedge funds influence Donaldson

A number of institutional investors have recently bought and sold shares of DCI. Wealthspire Advisors LLC boosted its holdings in shares of Donaldson by 2.8% in the first quarter. Wealthspire Advisors LLC now owns 5,106 shares of the industrial products company’s stock valued at $381,000 after acquiring an additional 140 shares during the last quarter. Vanguard Personalized Indexing Management LLC grew its position in Donaldson by 1.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock worth $813,000 after purchasing an additional 146 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Donaldson by 31.6% in the first quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock valued at $55,000 after buying an additional 184 shares in the last quarter. Oak Family Advisors LLC increased its position in Donaldson by 4.3% during the 2nd quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock worth $339,000 after buying an additional 197 shares during that period. Finally, SkyOak Wealth LLC boosted its stake in Donaldson by 5.3% in the first quarter. SkyOak Wealth LLC now owns 4,561 shares of the industrial products company’s stock valued at $341,000 after purchasing an additional 228 shares during the last quarter. 82.81% of the shares are held by hedge funds and other institutional investors.

Donaldson Company Profile

(Get a free report)

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.

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