Shares of Donaldson Co. (NYSE:DCI) saw strong trading volume on Thursday . 630,971 shares changed hands during mid-day 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.

Several equities analysts have recently commented on the company. Zacks Investment Research downgraded Donaldson from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. TheStreet raised Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Donaldson in a research report on Thursday, May 26th. Finally, CL King assumed coverage on Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 target price on the stock. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $33.60.

The stock has a 50 day moving average price of $36.63 and a 200 day moving average price of $33.71. The company has a market cap of $5.09 billion and a price-to-earnings ratio of 27.68.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were paid a dividend of $0.175 per share. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $0.70 dividend on an annualized basis and a yield of 1.83%.

In other Donaldson news, Director Willard D. Oberton sold 7,400 shares of Donaldson 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 completion of the transaction, the director now owns 20,501 shares in the company, valued at approximately $749,311.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Hoffman sold 14,400 shares of Donaldson stock in a transaction dated Tuesday, June 7th. The shares were sold at an average price of $36.52, for a total value of $525,888.00. Following the transaction, the director now owns 40,647 shares of the company’s stock, valued at approximately $1,484,428.44. 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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