Donaldson (NYSE:DCI) Reaches New 12-Month High Following Dividend Announcement

Donaldson Company, Inc. (NYSE:DCI) shares hit a new 52-week high on Monday after the company announced a dividend. The stock traded as high as $78.82 and last traded at $78.73, with a volume of 69287 shares changing hands. The stock had previously closed at $77.45.

The newly announced dividend which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 1.37%. Donaldson’s dividend payout ratio is currently 31.95%.

Analysts Set New Price Targets

DCI has been the subject of several analyst reports. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus cut their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Donaldson has an average rating of “Hold” and a consensus target price of $69.67.

Donaldson Price Performance

The stock has a market cap of $9.43 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.03 and a beta of 1.04. The company’s 50 day moving average price is $74.43 and its 200-day moving average price is $73.31. The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The company had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. As a group, sell-side analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current year.

Insider Transactions at Donaldson

In related news, President Thomas R. Scalf sold 4,295 shares of the business’s stock in a transaction on Monday, October 7th. The shares were sold at an average price of $73.33, for a total transaction of $314,952.35. Following the transaction, the president now owns 30,834 shares in the company, valued at $2,261,057.22. The trade was a 12.23 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Willard D. Oberton sold 2,700 shares of the company’s stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $73.37, for a total transaction of $198,099.00. Following the transaction, the director now owns 27,983 shares in the company, valued at $2,053,112.71. This represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,805 shares of company stock valued at $12,310,222. Corporate insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. UMB Bank n.a. raised its stake in shares of Donaldson by 359.2% in the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares during the last quarter. Versant Capital Management Inc raised its position in Donaldson by 1,372.2% in the 2nd quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock valued at $38,000 after buying an additional 494 shares during the last quarter. Mather Group LLC. lifted its stake in Donaldson by 408.1% during the 2nd quarter. Mather Group LLC. now owns 503 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 404 shares in the last quarter. Capital Performance Advisors LLP purchased a new position in Donaldson during the 3rd quarter worth $41,000. Finally, V Square Quantitative Management LLC grew its stake in shares of Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock worth $45,000 after acquiring an additional 207 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.