Short Interest in Donaldson Company, Inc. (NYSE:DCI) Rises By 17.5%

Donaldson Company, Inc. (NYSE:DCIGet Rating) was the target of a large growth in short interest in July. As of July 15th, there was short interest totalling 1,610,000 shares, a growth of 17.5% from the June 30th total of 1,370,000 shares. Approximately 1.3% of the shares of the company are short sold. Based on an average daily trading volume, of 429,700 shares, the days-to-cover ratio is presently 3.7 days.

Insider Buying and Selling

In related news, Director Willard D. Oberton sold 7,200 shares of the stock in a transaction that occurred on Thursday, June 2nd. The stock was sold at an average price of $53.09, for a total value of $382,248.00. Following the completion of the transaction, the director now directly owns 23,903 shares of the company’s stock, valued at approximately $1,269,010.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.52% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Institutional investors and hedge funds have recently modified their holdings of the stock. Sageworth Trust Co of South Dakota purchased a new stake in shares of Donaldson in the fourth quarter valued at $32,000. Artemis Wealth Advisors LLC purchased a new stake in shares of Donaldson in the first quarter valued at $36,000. Prospera Financial Services Inc purchased a new stake in shares of Donaldson in the first quarter valued at $38,000. Venture Visionary Partners LLC purchased a new stake in shares of Donaldson in the second quarter valued at $40,000. Finally, Column Capital Advisors LLC lifted its holdings in shares of Donaldson by 37.4% in the fourth quarter. Column Capital Advisors LLC now owns 1,000 shares of the industrial products company’s stock valued at $59,000 after purchasing an additional 272 shares in the last quarter. Institutional investors and hedge funds own 76.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DCI shares. Morgan Stanley decreased their price objective on Donaldson from $68.00 to $63.00 and set an “overweight” rating for the company in a report on Monday, July 18th. Stifel Nicolaus cut their target price on Donaldson from $53.00 to $51.00 in a research report on Monday, July 18th. downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Sunday, June 12th. Finally, Robert W. Baird cut their target price on Donaldson from $65.00 to $61.00 and set an “outperform” rating for the company in a research report on Thursday, June 2nd.

Donaldson Price Performance

Shares of NYSE:DCI opened at $54.64 on Friday. Donaldson has a one year low of $46.00 and a one year high of $69.35. The stock has a fifty day moving average of $50.27 and a 200-day moving average of $51.60. The company has a market capitalization of $6.71 billion, a PE ratio of 21.77, a price-to-earnings-growth ratio of 1.70 and a beta of 1.26. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.41 and a current ratio of 2.25.

Donaldson (NYSE:DCIGet Rating) last announced its quarterly earnings data on Wednesday, June 1st. The industrial products company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.72 by ($0.05). Donaldson had a net margin of 9.91% and a return on equity of 28.15%. The company had revenue of $853.20 million for the quarter, compared to analyst estimates of $823.99 million. During the same quarter last year, the company posted $0.66 EPS. Donaldson’s revenue was up 11.5% on a year-over-year basis. As a group, equities analysts anticipate that Donaldson will post 2.69 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Tuesday, August 16th will be given a dividend of $0.23 per share. The ex-dividend date of this dividend is Monday, August 15th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.68%. Donaldson’s dividend payout ratio (DPR) is presently 36.65%.

About Donaldson

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Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through two segments, Engine Products and Industrial Products. Its Engine Products segment provides replacement filters for air and liquid filtration applications; air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.

Further Reading

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