Donaldson Company, Inc. (NYSE:DCI) Short Interest Down 10.3% in April

Donaldson Company, Inc. (NYSE:DCI) saw a significant decline in short interest in the month of April. As of April 15th, there was short interest totalling 1,400,000 shares, a decline of 10.3% from the March 31st total of 1,560,000 shares. Based on an average trading volume of 480,200 shares, the short-interest ratio is presently 2.9 days. Approximately 1.2% of the shares of the company are short sold.

Donaldson Stock Performance

DCI opened at $72.27 on Monday. The company has a market capitalization of $8.70 billion, a price-to-earnings ratio of 23.54, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. Donaldson has a 1-year low of $57.05 and a 1-year high of $75.44. The business has a 50 day moving average price of $72.26 and a two-hundred day moving average price of $65.97.

Donaldson (NYSE:DCI) last released its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $876.70 million during the quarter, compared to the consensus estimate of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. Research analysts predict that Donaldson will post 3.28 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Robert W. Baird boosted their price objective on Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. Finally, Morgan Stanley assumed coverage on Donaldson in a research report on Monday, January 8th. They set an “underweight” rating and a $59.00 price objective for the company. One analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Donaldson presently has an average rating of “Hold” and a consensus price target of $67.50.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 7,680 shares of Donaldson stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the transaction, the president now directly owns 34,334 shares in the company, valued at $2,440,804.06. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director Willard D. Oberton sold 4,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the transaction, the director now directly owns 27,685 shares in the company, valued at $2,035,954.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 7,680 shares of the business’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the transaction, the president now owns 34,334 shares of the company’s stock, valued at $2,440,804.06. The disclosure for this sale can be found here. Insiders sold a total of 79,407 shares of company stock worth $5,817,942 over the last ninety days. Company insiders own 2.58% of the company’s stock.

Institutional Trading of Donaldson

Several large investors have recently added to or reduced their stakes in the company. YHB Investment Advisors Inc. acquired a new stake in Donaldson during the 1st quarter valued at $32,000. Checchi Capital Advisers LLC acquired a new stake in Donaldson during the 1st quarter valued at $201,000. New York State Teachers Retirement System raised its stake in Donaldson by 1.6% during the 1st quarter. New York State Teachers Retirement System now owns 143,985 shares of the industrial products company’s stock valued at $10,753,000 after purchasing an additional 2,253 shares during the period. Global Retirement Partners LLC raised its stake in Donaldson by 1,252.6% during the 1st quarter. Global Retirement Partners LLC now owns 514 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 476 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Donaldson by 2.1% during the 1st quarter. Louisiana State Employees Retirement System now owns 34,600 shares of the industrial products company’s stock valued at $2,584,000 after purchasing an additional 700 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

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.