Tod E. Carpenter Sells 4,000 Shares of Donaldson Company, Inc. (DCI) Stock

Donaldson Company, Inc. (NYSE:DCI) Chairman Tod E. Carpenter sold 4,000 shares of Donaldson stock in a transaction that occurred on Friday, March 29th. The stock was sold at an average price of $50.02, for a total value of $200,080.00. Following the sale, the chairman now owns 102,037 shares in the company, valued at $5,103,890.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of DCI traded down $0.10 during mid-day trading on Wednesday, reaching $53.53. The company had a trading volume of 272,666 shares, compared to its average volume of 443,923. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72. The stock has a market cap of $6.85 billion, a PE ratio of 26.77, a PEG ratio of 2.12 and a beta of 1.43. Donaldson Company, Inc. has a twelve month low of $40.27 and a twelve month high of $59.43.

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

Separately, Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Six equities research analysts have rated the stock with a hold rating, Donaldson has an average rating of “Hold” and a consensus target price of $55.25.

Several hedge funds have recently added to or reduced their stakes in DCI. Oregon Public Employees Retirement Fund increased its stake in Donaldson by 4,293.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock valued at $52,000 after buying an additional 2,191,949 shares during the last quarter. Norges Bank bought a new stake in shares of Donaldson during the 4th quarter worth $35,668,000. BTIM Corp. lifted its holdings in shares of Donaldson by 20.4% during the 1st quarter. BTIM Corp. now owns 1,932,699 shares of the industrial products company’s stock worth $96,751,000 after acquiring an additional 327,898 shares during the last quarter. Morgan Stanley lifted its holdings in shares of Donaldson by 95.8% during the 3rd quarter. Morgan Stanley now owns 615,574 shares of the industrial products company’s stock worth $35,863,000 after acquiring an additional 301,214 shares during the last quarter. Finally, FMR LLC raised its position in Donaldson by 6.9% in the 3rd 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 period. 79.96% of the stock is currently owned by institutional investors.

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About Donaldson

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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