Scott J. Robinson Sells 37,600 Shares of Donaldson Company, Inc. (NYSE:DCI) Stock

Donaldson Company, Inc. (NYSE:DCI) CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the sale, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Donaldson Trading Up 0.3 %

DCI stock traded up $0.23 during midday trading on Wednesday, hitting $71.11. The stock had a trading volume of 284,947 shares, compared to its average volume of 505,837. The company has a current ratio of 1.91, a quick ratio of 1.30 and a debt-to-equity ratio of 0.32. The business has a fifty day moving average price of $73.30 and a two-hundred day moving average price of $70.32. Donaldson Company, Inc. has a 1-year low of $57.05 and a 1-year high of $78.03. The firm has a market cap of $8.56 billion, a P/E ratio of 21.94, a price-to-earnings-growth ratio of 2.03 and a beta of 1.05.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. Donaldson had a return on equity of 29.00% and a net margin of 11.22%. The company had revenue of $927.90 million for the quarter, compared to the consensus estimate of $915.84 million. During the same period in the previous year, the business earned $0.76 EPS. The firm’s revenue was up 6.0% compared to the same quarter last year. On average, sell-side analysts predict that Donaldson Company, Inc. will post 3.37 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Monday, June 17th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.52%. This is a positive change from Donaldson’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, June 17th. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Institutional Investors Weigh In On Donaldson

Hedge funds and other institutional investors have recently made changes to their positions in the business. Fortitude Family Office LLC purchased a new stake in Donaldson in the 4th quarter valued at $27,000. Park Place Capital Corp purchased a new stake in shares of Donaldson in the first quarter valued at about $27,000. Lindbrook Capital LLC raised its holdings in shares of Donaldson by 58.2% in the fourth quarter. Lindbrook Capital LLC now owns 473 shares of the industrial products company’s stock valued at $31,000 after purchasing an additional 174 shares during the last quarter. YHB Investment Advisors Inc. bought a new position in shares of Donaldson during the first quarter valued at about $32,000. Finally, Global Retirement Partners LLC boosted its holdings in Donaldson by 1,252.6% during the first quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 476 shares during the last quarter. 82.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird reduced their price target on Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a report on Monday, June 3rd. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. Finally, Raymond James began coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. One analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $67.67.

Donaldson Company Profile

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