Donaldson Company, Inc. (NYSE:DCI) Director Douglas A. Milroy purchased 560 shares of the company’s stock in a transaction that occurred on Wednesday, March 13th. The shares were purchased at an average price of $49.05 per share, for a total transaction of $27,468.00. Following the completion of the transaction, the director now directly owns 4,449 shares of the company’s stock, valued at $218,223.45. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
NYSE:DCI traded down $0.11 during trading hours on Thursday, reaching $48.73. 302,038 shares of the company traded hands, compared to its average volume of 520,565. The stock has a market capitalization of $6.25 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 1.94 and a beta of 1.44. Donaldson Company, Inc. has a 1 year low of $40.27 and a 1 year high of $59.43. The company has a current ratio of 2.35, a quick ratio of 1.61 and a debt-to-equity ratio of 0.72.
Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.04). The company had revenue of $703.70 million for the quarter, compared to analysts’ expectations of $719.40 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, equities research analysts predict that Donaldson Company, Inc. will post 2.33 EPS for the current year.
A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc raised its stake in Donaldson by 0.7% during the third quarter. Vanguard Group Inc now owns 12,475,701 shares of the industrial products company’s stock valued at $726,835,000 after buying an additional 84,864 shares during the last quarter. BlackRock Inc. raised its stake in shares of Donaldson by 0.9% in the fourth quarter. BlackRock Inc. now owns 11,367,420 shares of the industrial products company’s stock worth $493,234,000 after purchasing an additional 103,485 shares during the last quarter. FMR LLC raised its stake in shares of Donaldson by 6.9% in the third quarter. FMR LLC now owns 3,680,033 shares of the industrial products company’s stock worth $214,399,000 after purchasing an additional 237,633 shares during the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Donaldson by 4,293.4% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,191,949 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Donaldson by 0.4% in the third quarter. Bank of New York Mellon Corp now owns 1,941,001 shares of the industrial products company’s stock worth $113,084,000 after purchasing an additional 8,545 shares during the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.
DCI has been the topic of several research reports. SunTrust Banks restated a “hold” rating and set a $56.00 price target on shares of Donaldson in a research report on Thursday, December 6th. Stifel Nicolaus restated a “hold” rating and set a $53.00 price target on shares of Donaldson in a research report on Thursday, December 6th. ValuEngine lowered Donaldson from a “buy” rating to a “hold” rating in a research report on Tuesday, December 18th. Robert W. Baird restated a “hold” rating and set a $52.00 price target on shares of Donaldson in a research report on Friday, December 21st. Finally, Oppenheimer restated a “hold” rating on shares of Donaldson in a research report on Tuesday, December 4th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $55.25.
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Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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