Shares of Donaldson Co. (NYSE:DCI) saw strong trading volume on Thursday . 630,971 shares traded hands during trading, an increase of 84% from the previous session’s volume of 343,441 shares.The stock last traded at $37.91 and had previously closed at $37.55.

A number of equities research analysts recently commented on DCI shares. Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating in a report on Monday. TheStreet upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. CL King started 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, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Donaldson in a report on Thursday, May 26th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $33.60.

The firm has a market cap of $5.05 billion and a PE ratio of 27.43. The stock’s 50 day moving average is $36.51 and its 200 day moving average is $33.65.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 31st. Investors of record on Monday, August 15th were issued a dividend of $0.175 per share. The ex-dividend date was Thursday, August 11th. This represents a $0.70 dividend on an annualized basis and a yield of 1.85%.

In related news, Director Michael J. Hoffman sold 14,400 shares of the firm’s stock in a transaction dated 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 owns 40,647 shares in the company, valued at $1,484,428.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Willard D. Oberton sold 7,400 shares of the firm’s stock in a transaction dated Monday, June 6th. The stock was sold at an average price of $36.55, for a total transaction of $270,470.00. Following the sale, the director now owns 20,501 shares of the company’s stock, valued at approximately $749,311.55. The disclosure for this sale can be found here.

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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