Insider Selling: Donaldson Co. (DCI) Director Sells $523,008.00 in Stock
Donaldson Co. (NYSE:DCI) Director John Wiehoff sold 14,400 shares of the stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the transaction, the director now directly owns 56,877 shares in the company, valued at $2,065,772.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Donaldson Co. (NYSE:DCI) opened at 36.48 on Wednesday. The firm has a market cap of $4.88 billion, a PE ratio of 25.69 and a beta of 1.04. Donaldson Co. has a 1-year low of $25.21 and a 1-year high of $38.65. The stock has a 50 day moving average of $36.97 and a 200 day moving average of $34.38.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The firm had revenue of $593 million for the quarter, compared to analyst estimates of $594.80 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities research analysts anticipate that Donaldson Co. will post ($0.13) earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 31st. Stockholders of record on Monday, August 15th were given 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 dividend yield of 1.92%. Donaldson’s payout ratio is currently 49.30%.
A number of research analysts recently commented on DCI shares. TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, June 24th. Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. Oppenheimer Holdings Inc. reiterated a “market perform” rating on shares of Donaldson in a research note on Thursday, May 26th. CL King initiated coverage on shares of Donaldson in a research note on Wednesday, June 8th. They set a “buy” rating and a $41.00 price target for the company. Finally, Robert W. Baird increased their price target on shares of Donaldson from $36.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, September 9th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson currently has a consensus rating of “Hold” and an average price target of $34.50.
Several hedge funds and other institutional investors have recently bought and sold shares of DCI. Cambridge Investment Research Advisors Inc. boosted its position in Donaldson by 4.9% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 8,872 shares of the company’s stock worth $305,000 after buying an additional 418 shares during the last quarter. Wesbanco Bank Inc. bought a new stake in shares of Donaldson during the second quarter worth about $248,000. BlackRock Group LTD raised its stake in shares of Donaldson by 18.5% in the first quarter. BlackRock Group LTD now owns 85,875 shares of the company’s stock worth $2,740,000 after buying an additional 13,404 shares during the period. BNP Paribas Arbitrage SA raised its stake in shares of Donaldson by 3,567.8% in the second quarter. BNP Paribas Arbitrage SA now owns 48,782 shares of the company’s stock worth $1,676,000 after buying an additional 47,452 shares during the period. Finally, Commonwealth Equity Services Inc raised its stake in shares of Donaldson by 0.9% in the second quarter. Commonwealth Equity Services Inc now owns 37,363 shares of the company’s stock worth $1,284,000 after buying an additional 317 shares during the period. 81.46% of the stock is currently owned by institutional investors and hedge funds.
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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