Tod E. Carpenter Sells 30,919 Shares of Donaldson Company, Inc. (NYSE:DCI) Stock

Donaldson Company, Inc. (NYSE:DCI) CEO Tod E. Carpenter sold 30,919 shares of Donaldson stock in a transaction on Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the sale, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at approximately $18,662,575.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Donaldson Price Performance

Shares of Donaldson stock opened at $73.97 on Friday. The stock’s 50-day simple moving average is $72.41 and its 200-day simple moving average is $72.90. The company has a market capitalization of $8.91 billion, a price-to-earnings ratio of 22.90, a PEG ratio of 1.91 and a beta of 1.05. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last posted its 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. The firm had revenue of $935.40 million during the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, August 13th. Donaldson’s payout ratio is presently 33.44%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DCI shares. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday, September 20th. Robert W. Baird reduced their price objective on Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Stifel Nicolaus cut their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Finally, Raymond James started coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and an average target price of $69.67.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DCI. Park Place Capital Corp purchased a new stake in shares of Donaldson in the 1st quarter worth $27,000. YHB Investment Advisors Inc. bought a new position in Donaldson during the 1st quarter worth about $32,000. Mather Group LLC. increased its position in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 404 shares during the period. Versant Capital Management Inc raised its holdings in shares of Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 494 shares in the last quarter. Finally, Riverview Trust Co bought a new position in shares of Donaldson during the first quarter valued at approximately $46,000. Institutional investors own 82.81% of the company’s stock.

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.