Donaldson Co. (NYSE:DCI) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $37.65 and last traded at $37.63, with a volume of 315,906 shares traded. The stock had previously closed at $37.23.

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

The company has a market cap of $5.00 billion and a PE ratio of 27.19. The stock’s 50 day moving average price is $35.96 and its 200 day moving average price is $33.31.

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

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th will be paid a dividend of $0.175 per share. This represents a $0.70 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 11th.

In other news, Director Michael J. Hoffman sold 14,400 shares of the business’s stock in a transaction on Tuesday, June 7th. The shares were sold at an average price of $36.52, for a total transaction of $525,888.00. Following the completion of the sale, the director now directly owns 40,647 shares of the company’s stock, valued at $1,484,428.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 on Monday, June 6th. The shares were sold at an average price of $36.55, for a total transaction of $270,470.00. Following the sale, the director now directly owns 20,501 shares of the company’s stock, valued at $749,311.55. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of DCI. Stephens Inc. AR bought a new stake in shares of Donaldson during the fourth quarter worth about $1,252,000. Bank of Montreal Can raised its stake 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. Finally, Dorsey & Whitney Trust CO LLC raised its stake 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.

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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