Donaldson (NYSE:DCI) Director Sells $527,087.42 in Stock

Key Points

• James Owens, a Donaldson director, sold 5,921 shares on April 13 at $89.02 for $527,087.42 and also sold 13,753 shares on April 14 and 126 shares on April 10, totaling 19,800 shares and roughly $1.77M in proceeds; after the April 13 sale he held 22,565 shares (a 20.79% reduction in ownership).
• Donaldson reported Q4 EPS of $0.83, missing the $0.90 consensus and delivering $896.3M in revenue (up 3% YoY but slightly below expectations), while the stock trades around $89.24 with a market cap of about $10.34B and a P/E of 27.9.
• The company recently paid a quarterly dividend of $0.30 ($1.20 annualized, ~1.3% yield), and analysts hold a consensus "Moderate Buy" rating with a $100.20 price target.

Donaldson Company, Inc. (NYSE:DCI - Get Free Report) Director James Owens sold 5,921 shares of Donaldson stock in a transaction that occurred on Monday, April 13th. The stock was sold at an average price of $89.02, for a total transaction of $527,087.42. Following the transaction, the director owned 22,565 shares in the company, valued at approximately $2,008,736.30. The trade was a 20.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

James Owens also recently made the following trade(s):

• On Tuesday, April 14th, James Owens sold 13,753 shares of Donaldson stock. The stock was sold at an average price of $89.21, for a total transaction of $1,226,905.13.
• On Friday, April 10th, James Owens sold 126 shares of Donaldson stock. The stock was sold at an average price of $88.82, for a total transaction of $11,191.32.

Donaldson Trading Up 0.4%

NYSE DCI traded up $0.32 on Tuesday, hitting $89.24. 417,928 shares of the stock were exchanged, compared to its average volume of 728,093. Donaldson Company, Inc. has a 52-week low of $61.17 and a 52-week high of $112.84. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.29 and a quick ratio of 1.46. The company has a market capitalization of $10.34 billion, a price-to-earnings ratio of 27.89, a P/E/G ratio of 2.23 and a beta of 1.05. The company's 50-day moving average price is $94.45 and its two-hundred day moving average price is $91.26.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The industrial products company reported $0.83 earnings per share for the quarter, missing the consensus estimate of $0.90 by ($0.07). The firm had revenue of $896.30 million for the quarter, compared to analysts' expectations of $898.64 million. Donaldson had a return on equity of 29.85% and a net margin of 10.09%.The company's revenue for the quarter was up 3.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.83 earnings per share. Research analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Thursday, February 12th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, February 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.3%. Donaldson's dividend payout ratio (DPR) is 37.50%.

Institutional Investors Weigh In On Donaldson

Several institutional investors and hedge funds have recently modified their holdings of the business. Vericrest Private Wealth acquired a new stake in shares of Donaldson in the 4th quarter valued at $236,000. Corient Private Wealth LLC lifted its stake in shares of Donaldson by 22.4% in the 4th quarter. Corient Private Wealth LLC now owns 52,749 shares of the industrial products company's stock valued at $4,696,000 after purchasing an additional 9,650 shares during the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Donaldson in the 4th quarter valued at $104,000. MidFirst Bank acquired a new stake in shares of Donaldson in the 4th quarter valued at $176,000. Finally, Kera Capital Partners Inc. lifted its stake in shares of Donaldson by 34.1% in the 4th quarter. Kera Capital Partners Inc. now owns 6,897 shares of the industrial products company's stock valued at $611,000 after purchasing an additional 1,754 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DCI. Wall Street Zen lowered shares of Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, March 7th. Morgan Stanley decreased their target price on shares of Donaldson from $93.00 to $91.00 and set an "equal weight" rating for the company in a research note on Monday, March 9th. Robert W. Baird decreased their target price on shares of Donaldson from $104.00 to $95.00 and set an "outperform" rating for the company in a research note on Monday, March 30th. Jefferies Financial Group lifted their target price on shares of Donaldson to $123.00 and gave the company a "buy" rating in a research note on Monday, February 2nd. Finally, UBS Group set a $96.00 target price on shares of Donaldson in a research note on Tuesday, February 24th. Three investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Donaldson presently has a consensus rating of "Moderate Buy" and a consensus price target of $100.20.

Donaldson Company Profile

Donaldson Company, Inc NYSE: DCI is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson's product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.

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