Donaldson Co. (NYSE:DCI) hit a new 52-week high during trading on Monday . The company traded as high as $37.09 and last traded at $37.09, with a volume of 88,461 shares traded. The stock had previously closed at $36.67.

DCI has been the topic of a number of research analyst reports. TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Oppenheimer Holdings Inc. reissued a “market perform” rating on shares of Donaldson in a report on Thursday, May 26th. CL King initiated coverage on shares of Donaldson in a report on Wednesday, June 8th. They set a “buy” rating and a $41.00 price objective on the stock. Finally, Zacks Investment Research lowered shares of Donaldson from a “buy” rating to a “hold” rating in a report on Monday, June 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $33.60.

The firm has a market cap of $4.94 billion and a P/E ratio of 26.84. The stock’s 50-day moving average price is $35.40 and its 200-day moving average price is $32.79.

Donaldson (NYSE:DCI) last posted its earnings results on Thursday, June 2nd. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. During the same period in the prior year, the business posted $0.36 EPS. The firm had revenue of $571.30 million for the quarter, compared to analyst estimates of $550.79 million. The firm’s quarterly revenue was down .7% compared to the same quarter last year. Analysts anticipate that Donaldson Co. will post $1.54 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be issued a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, August 11th.

In related news, Director Michael J. Hoffman sold 14,400 shares of the business’s stock in a transaction dated Tuesday, June 7th. The stock was sold at an average price of $36.52, for a total value of $525,888.00. Following the completion of the transaction, the director now owns 40,647 shares of the company’s stock, valued at $1,484,428.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Willard D. Oberton sold 7,400 shares of the business’s stock in a transaction dated Monday, June 6th. The shares were sold at an average price of $36.55, for a total value of $270,470.00. Following the completion of the transaction, the director now directly owns 20,501 shares of the company’s stock, valued at approximately $749,311.55. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors recently bought and sold shares of DCI. Russell Frank Co increased its position in Donaldson by 4.1% in the fourth quarter. Russell Frank Co now owns 34,927 shares of the company’s stock worth $1,009,000 after buying an additional 1,362 shares during the period. Bank of Montreal Can increased its position in Donaldson by 5.6% in the fourth quarter. Bank of Montreal Can now owns 80,333 shares of the company’s stock worth $2,303,000 after buying an additional 4,269 shares during the period. Autus Asset Management LLC increased its position in Donaldson by 2.3% in the fourth quarter. Autus Asset Management LLC now owns 180,329 shares of the company’s stock worth $5,169,000 after buying an additional 4,111 shares during the period. Dorsey & Whitney Trust CO LLC increased its position in Donaldson by 2.5% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 161,949 shares of the company’s stock worth $4,641,000 after buying an additional 4,001 shares during the period. Finally, Stephens Inc. AR bought a new position in Donaldson during the fourth quarter worth approximately $1,252,000.

Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.

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