Donaldson Co. (DCI) Reaches New 52-Week High at $37.09
Donaldson Co. (NYSE:DCI)’s share price reached a new 52-week high on Monday . The company traded as high as $37.09 and last traded at $37.09, with a volume of 88,461 shares traded. The stock had previously closed at $36.67.
A number of equities analysts have recently weighed in on DCI shares. Zacks Investment Research raised shares of Donaldson from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Tuesday, May 3rd. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Donaldson in a research note on Thursday, May 26th. CL King started coverage on shares of Donaldson in a research note on Wednesday, June 8th. They set a “buy” rating and a $41.00 price target on the stock. Finally, TheStreet raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, June 24th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $33.60.
The company’s 50 day moving average price is $35.57 and its 200 day moving average price is $33.00. The firm has a market cap of $4.91 billion and a PE ratio of 26.66.
Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, June 2nd. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. During the same quarter last year, the business earned $0.36 earnings per share. The firm had revenue of $571.30 million for the quarter, compared to the consensus estimate of $550.79 million. The business’s revenue for the quarter was down .7% compared to the same quarter last year. Equities analysts anticipate 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. Shareholders of record on Monday, August 15th will be paid a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Thursday, August 11th.
In other Donaldson news, Director Willard D. Oberton sold 7,400 shares of the firm’s stock in a transaction on Monday, June 6th. The stock was sold at an average price of $36.55, for a total value of $270,470.00. Following the sale, the director now directly owns 20,501 shares in the company, valued at $749,311.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Michael J. Hoffman sold 14,400 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 40,647 shares in the company, valued at $1,484,428.44. The disclosure for this sale can be found here.
A number of large investors recently bought and sold shares of the stock. Dorsey & Whitney Trust CO LLC boosted 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 last quarter. Autus Asset Management LLC boosted its stake in Donaldson by 2.3% in the fourth quarter. Autus Asset Management LLC now owns 180,329 shares of the company’s stock worth $5,169,000 after buying an additional 4,111 shares during the last quarter. Bank of Montreal Can boosted 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 last quarter. Finally, Stephens Inc. AR bought a new stake in Donaldson during the fourth quarter worth about $1,252,000.
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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