Amy C. Becker Sells 3,000 Shares of Donaldson Company, Inc. (NYSE:DCI) Stock

Donaldson Company, Inc. (NYSE:DCIGet Free Report) insider Amy C. Becker sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $63.84, for a total value of $191,520.00. Following the transaction, the insider now owns 35,809 shares of the company’s stock, valued at $2,286,046.56. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Donaldson Stock Up 1.6 %

Shares of DCI stock opened at $64.88 on Friday. Donaldson Company, Inc. has a 52 week low of $48.17 and a 52 week high of $66.96. The company has a quick ratio of 1.27, a current ratio of 1.90 and a debt-to-equity ratio of 0.36. The company’s fifty day simple moving average is $62.23 and its two-hundred day simple moving average is $62.83. The stock has a market cap of $7.87 billion, a P/E ratio of 21.85, a PEG ratio of 1.85 and a beta of 1.20.

Donaldson (NYSE:DCIGet Free Report) last released its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.78. Donaldson had a return on equity of 32.06% and a net margin of 10.69%. The business had revenue of $879.50 million for the quarter, compared to the consensus estimate of $896.05 million. During the same quarter in the previous year, the company posted $0.84 EPS. The company’s revenue was down 1.2% compared to the same quarter last year. Analysts predict that Donaldson Company, Inc. will post 3.04 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 30th. Stockholders of record on Tuesday, August 15th were issued a $0.25 dividend. The ex-dividend date was Monday, August 14th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.54%. Donaldson’s dividend payout ratio (DPR) is presently 33.67%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Belpointe Asset Management LLC purchased a new stake in Donaldson during the fourth quarter valued at approximately $32,000. Bessemer Group Inc. raised its holdings in Donaldson by 521.3% during the 1st quarter. Bessemer Group Inc. now owns 497 shares of the industrial products company’s stock valued at $32,000 after buying an additional 417 shares during the period. Fred Alger Management LLC bought a new stake in Donaldson in the third quarter worth $35,000. Itau Unibanco Holding S.A. purchased a new position in Donaldson during the second quarter worth $39,000. Finally, Trust Co. of Vermont bought a new position in Donaldson during the first quarter valued at $42,000. Institutional investors own 80.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on DCI shares. lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Robert W. Baird increased their price target on Donaldson from $67.00 to $69.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Citigroup began coverage on Donaldson in a research note on Tuesday, June 27th. They issued a “neutral” rating and a $66.00 price objective for the company. They noted that the move was a valuation call.

Read Our Latest Stock Analysis on Donaldson

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.

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