Key Points
- Donaldson director James Owens sold a total of 19,800 shares between April 10–14 for roughly $1.77 million, and his holdings fell about 20.8% (after the April 13 sale he owned 22,565 shares valued at ~$2.01M).
- Company snapshot: Donaldson trades around $89 with a $10.33B market cap, recently missed quarterly EPS expectations ($0.83 vs. $0.90) while revenue was roughly flat year-over-year, pays a $0.30 quarterly dividend (1.3% yield), and carries a consensus analyst rating of "Moderate Buy" with a $100.20 target.
Donaldson Company, Inc. (NYSE:DCI - Get Free Report) Director James Owens sold 126 shares of the company's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $88.82, for a total transaction of $11,191.32. Following the completion of the sale, the director directly owned 22,565 shares of the company's stock, valued at $2,004,223.30. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
James Owens also recently made the following trade(s):
- On Monday, April 13th, James Owens sold 5,921 shares of Donaldson stock. The stock was sold at an average price of $89.02, for a total transaction of $527,087.42.
- On Tuesday, April 14th, James Owens sold 13,753 shares of Donaldson stock. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13.
Donaldson Price Performance
Shares of DCI opened at $89.24 on Wednesday. The company has a 50 day moving average price of $94.17 and a 200-day moving average price of $91.32. Donaldson Company, Inc. has a fifty-two week low of $61.17 and a fifty-two week high of $112.84. The stock has a market capitalization of $10.33 billion, a PE ratio of 27.89, a PEG ratio of 2.24 and a beta of 1.05. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.46 and a current ratio of 2.29.
Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.07). Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The business had revenue of $896.30 million during the quarter, compared to analysts' expectations of $898.64 million. During the same period in the previous year, the company posted $0.83 EPS. Donaldson's revenue for the quarter was up 3.0% on a year-over-year basis. Equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.
Donaldson Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Thursday, February 12th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend was Thursday, February 12th. Donaldson's dividend payout ratio is presently 37.50%.
Wall Street Analysts Forecast Growth
DCI has been the subject of a number of analyst reports. Jefferies Financial Group increased their target price on shares of Donaldson to $123.00 and gave the company a "buy" rating in a research report on Monday, February 2nd. Robert W. Baird decreased their target price on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating for the company in a research report on Monday, March 30th. Weiss Ratings reissued a "buy (b)" rating on shares of Donaldson in a research report on Friday, January 9th. Wall Street Zen cut shares of Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, March 7th. Finally, Morgan Stanley decreased their target price on shares of Donaldson from $93.00 to $91.00 and set an "equal weight" rating for the company in a research report on Monday, March 9th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Donaldson presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.20.
Get Our Latest Stock Analysis on Donaldson
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its stake in Donaldson by 5.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 490,001 shares of the industrial products company's stock valued at $40,108,000 after purchasing an additional 25,156 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Donaldson by 10.6% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,283,326 shares of the industrial products company's stock valued at $105,040,000 after purchasing an additional 123,000 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Donaldson by 1.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,994,211 shares of the industrial products company's stock worth $163,218,000 after acquiring an additional 20,478 shares during the period. Y Intercept Hong Kong Ltd acquired a new stake in shares of Donaldson in the third quarter worth $3,068,000. Finally, First National Bank of Omaha acquired a new stake in shares of Donaldson in the third quarter worth $483,000. Institutional investors and hedge funds own 82.81% of the company's stock.
About Donaldson
(
Get Free Report)
Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.
Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.
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