Shares of Donaldson Co. (NYSE:DCI) hit a new 52-week high during trading on Monday . The stock traded as high as $38.33 and last traded at $38.26, with a volume of 679,700 shares trading hands. The stock had previously closed at $37.91.

Several analysts have commented on DCI shares. TheStreet upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. CL King started coverage on shares of Donaldson in a research report on Wednesday, June 8th. They issued a “buy” rating and a $41.00 price objective for the company. Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating in a research report on Monday, August 29th. Finally, Oppenheimer Holdings Inc. restated a “market perform” rating on shares of Donaldson in a research report on Thursday, May 26th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $33.60.

The stock has a market capitalization of $5.09 billion and a PE ratio of 27.68. The stock has a 50-day moving average price of $36.63 and a 200-day moving average price of $33.71.

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a $0.175 dividend. The ex-dividend date 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 Michael J. Hoffman sold 14,400 shares of the firm’s stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $36.52, for a total value of $525,888.00. Following the sale, the director now owns 40,647 shares in the company, valued at $1,484,428.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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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