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 September. As of September 30th, there was short interest totalling 1,190,000 shares, a decline of 9.2% from the September 15th total of 1,310,000 shares. Currently, 1.0% of the shares of the company are short sold. Based on an average trading volume of 452,000 shares, the short-interest ratio is currently 2.6 days.

Analysts Set New Price Targets

Several analysts have recently weighed in on DCI shares. Raymond James assumed coverage on Donaldson in a report on Friday, June 28th. They set a “market perform” rating on the stock. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday, September 28th. Finally, Stifel Nicolaus lowered 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $69.67.

Insiders Place Their Bets

In related news, CFO Scott J. Robinson sold 83,600 shares of the business’s stock in a transaction dated Friday, September 27th. The stock was sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares of the company’s stock, valued at approximately $2,791,456.08. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Scott J. Robinson sold 83,600 shares of the company’s stock in a transaction on Friday, September 27th. The shares were sold at an average price of $74.04, for a total transaction of $6,189,744.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,791,456.08. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas R. Scalf sold 4,295 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was sold at an average price of $73.33, for a total transaction of $314,952.35. Following the completion of the sale, the president now owns 30,834 shares in the company, valued at $2,261,057.22. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 167,805 shares of company stock valued at $12,310,222 in the last quarter. Insiders own 2.58% of the company’s stock.

Hedge Funds Weigh In On Donaldson

Large investors have recently modified their holdings of the stock. UMB Bank n.a. increased its position in Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the period. Park Place Capital Corp bought a new position in shares of Donaldson in the 1st quarter valued at about $27,000. Versant Capital Management Inc grew its position in shares of Donaldson by 1,372.2% during the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares during the period. Mather Group LLC. raised its stake in shares of Donaldson by 408.1% during the second quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock worth $38,000 after buying an additional 404 shares during the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after buying an additional 207 shares during the period. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Price Performance

DCI stock traded up $1.01 during trading on Thursday, hitting $74.76. The company had a trading volume of 680,829 shares, compared to its average volume of 485,908. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The company has a fifty day moving average price of $72.58 and a two-hundred day moving average price of $72.90. Donaldson has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The company has a market cap of $9.00 billion, a P/E ratio of 23.15, a P/E/G ratio of 1.92 and a beta of 1.04.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Equities research analysts expect that Donaldson will post 3.63 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s dividend payout ratio is currently 33.44%.

About Donaldson

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.