Donaldson (NYSE:DCI) Reaches New 52-Week High at $75.98

Donaldson Company, Inc. (NYSE:DCI)’s share price reached a new 52-week high on Tuesday . The company traded as high as $75.98 and last traded at $75.79, with a volume of 9147 shares trading hands. The stock had previously closed at $75.26.

Wall Street Analyst Weigh In

DCI has been the topic of a number of analyst reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Robert W. Baird boosted their target price on Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday, April 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $67.50.

Donaldson Price Performance

The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. The company has a 50-day moving average price of $73.32 and a 200-day moving average price of $66.68. The firm has a market capitalization of $9.03 billion, a PE ratio of 24.37, a P/E/G ratio of 2.14 and a beta of 1.09.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.07. The business had revenue of $876.70 million for the quarter, compared to the consensus estimate of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.75 earnings per share. Sell-side analysts forecast that Donaldson Company, Inc. will post 3.28 EPS for the current year.

Insider Activity at Donaldson

In other Donaldson news, Director Willard D. Oberton sold 4,500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total transaction of $330,930.00. Following the completion of the sale, the director now directly owns 27,685 shares in the company, valued at $2,035,954.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Willard D. Oberton sold 4,500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total value of $330,930.00. Following the completion of the sale, the director now owns 27,685 shares of the company’s stock, valued at $2,035,954.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, President Thomas R. Scalf sold 7,680 shares of the company’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $71.09, for a total value of $545,971.20. Following the completion of the sale, the president now directly owns 34,334 shares of the company’s stock, valued at approximately $2,440,804.06. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 79,407 shares of company stock worth $5,817,942. 2.58% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of DCI. Park Place Capital Corp bought a new position in Donaldson during the 1st quarter worth approximately $27,000. Fortitude Family Office LLC acquired a new stake in shares of Donaldson during the 4th quarter worth approximately $27,000. YHB Investment Advisors Inc. acquired a new stake in shares of Donaldson during the 1st quarter worth approximately $32,000. Millburn Ridgefield Corp acquired a new stake in shares of Donaldson during the 3rd quarter worth approximately $27,000. Finally, Catalyst Capital Advisors LLC acquired a new stake in shares of Donaldson during the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 82.81% of the company’s stock.

About Donaldson

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.