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

Donaldson Company, Inc. (NYSE:DCIGet Free Report) CFO Scott J. Robinson sold 37,600 shares of the business’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly 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 is available through this link.

Donaldson Stock Up 0.3 %

Shares of NYSE DCI opened at $71.11 on Friday. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The firm’s 50-day simple moving average is $73.25 and its 200 day simple moving average is $70.33. The company has a quick ratio of 1.30, a current ratio of 1.91 and a debt-to-equity ratio of 0.32. The company has a market cap of $8.56 billion, a price-to-earnings ratio of 22.02, a price-to-earnings-growth ratio of 2.00 and a beta of 1.05.

Donaldson (NYSE:DCIGet Free Report) last announced its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.08. The company had revenue of $927.90 million for the quarter, compared to analyst estimates of $915.84 million. Donaldson had a net margin of 11.22% and a return on equity of 29.00%. Donaldson’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.76 earnings per share. On average, research analysts expect that Donaldson Company, Inc. will post 3.37 earnings per share for the current fiscal year.

Donaldson Increases Dividend

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

Institutional Investors Weigh In On Donaldson

A number of institutional investors and hedge funds have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Donaldson by 31.6% in the first quarter. EverSource Wealth Advisors LLC now owns 766 shares of the industrial products company’s stock worth $55,000 after purchasing an additional 184 shares during the period. Cambridge Trust Co. grew its position in shares of Donaldson by 90.2% during the 1st quarter. Cambridge Trust Co. now owns 184,474 shares of the industrial products company’s stock worth $13,777,000 after buying an additional 87,507 shares during the period. Virtu Financial LLC bought a new stake in shares of Donaldson during the first quarter worth approximately $424,000. Public Employees Retirement Association of Colorado acquired a new position in Donaldson in the first quarter valued at approximately $660,000. Finally, Aristides Capital LLC bought a new position in Donaldson in the first quarter valued at approximately $278,000. Institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DCI shares. Robert W. Baird reduced their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating on the stock in a research note on Monday, June 3rd. Raymond James started coverage on shares of Donaldson in a research note on Friday, June 28th. They set a “market perform” rating on the stock. Finally, raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. One 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’s stock. According to data from, the stock presently has a consensus rating of “Hold” and an average target price of $67.67.

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Donaldson Company Profile

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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.

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