Donaldson Company, Inc. (NYSE:DCI) Director Sells $707,040.00 in Stock

Donaldson Company, Inc. (NYSE:DCI) Director Willard D. Oberton sold 14,400 shares of the company’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $49.10, for a total transaction of $707,040.00. Following the sale, the director now directly owns 33,172 shares in the company, valued at approximately $1,628,745.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

DCI stock traded up $0.55 during mid-day trading on Friday, reaching $53.55. 266,903 shares of the stock traded hands, compared to its average volume of 290,719. The company has a quick ratio of 1.61, a current ratio of 2.35 and a debt-to-equity ratio of 0.72. Donaldson Company, Inc. has a one year low of $40.27 and a one year high of $59.43. The stock has a market capitalization of $6.84 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.04). Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The firm had revenue of $703.70 million for the quarter, compared to the consensus estimate of $719.40 million. During the same quarter last year, the firm earned $0.43 EPS. The company’s revenue was up 5.9% on a year-over-year basis. As a group, equities research analysts expect that Donaldson Company, Inc. will post 2.33 EPS for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc grew its holdings in shares of Donaldson by 0.7% in the third quarter. Vanguard Group Inc now owns 12,475,701 shares of the industrial products company’s stock worth $726,835,000 after purchasing an additional 84,864 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Donaldson by 0.9% in the fourth quarter. BlackRock Inc. now owns 11,367,420 shares of the industrial products company’s stock worth $493,234,000 after purchasing an additional 103,485 shares during the last quarter. FMR LLC grew its holdings in shares of Donaldson by 6.9% in the third quarter. FMR LLC now owns 3,680,033 shares of the industrial products company’s stock worth $214,399,000 after purchasing an additional 237,633 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Donaldson by 4,293.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,191,949 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Donaldson by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 1,941,001 shares of the industrial products company’s stock worth $113,084,000 after purchasing an additional 8,545 shares during the last quarter. Hedge funds and other institutional investors own 79.96% of the company’s stock.

Separately, Zacks Investment Research cut shares of Donaldson from a “hold” rating to a “sell” rating in a research report on Monday, March 11th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $55.25.

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Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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