Donaldson (NYSE:DCI) Hits New 52-Week High – Still a Buy?

Donaldson Company, Inc. (NYSE:DCI)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $78.05 and last traded at $78.02, with a volume of 231144 shares traded. The stock had previously closed at $76.98.

Wall Street Analysts Forecast Growth

A number of analysts have commented on DCI shares. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus decreased their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Donaldson currently has an average rating of “Hold” and an average price target of $69.67.

Donaldson Stock Up 0.7 %

The company has a quick ratio of 1.23, a current ratio of 1.84 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $9.29 billion, a price-to-earnings ratio of 22.78, a price-to-earnings-growth ratio of 1.95 and a beta of 1.04. The business has a 50-day moving average price of $73.13 and a 200-day moving average price of $73.03.

Donaldson (NYSE:DCI) last issued its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. The business 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, equities analysts anticipate that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director James Owens sold 5,210 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the transaction, the director now owns 17,788 shares in the company, valued at $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other Donaldson news, Director James Owens sold 5,210 shares of the business’s stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the sale, the director now owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Willard D. Oberton sold 2,700 shares of the firm’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $73.37, for a total value of $198,099.00. Following the completion of the transaction, the director now directly owns 27,983 shares in the company, valued at $2,053,112.71. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 167,805 shares of company stock valued at $12,310,222 in the last quarter. Company insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. UMB Bank n.a. lifted its position in shares of Donaldson by 359.2% during the 3rd 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 lifted its holdings in shares of Donaldson by 1,372.2% during the second quarter. Versant Capital Management Inc now owns 530 shares of the industrial products company’s stock worth $38,000 after buying an additional 494 shares during the last quarter. Mather Group LLC. boosted its position in shares of Donaldson by 408.1% in the second 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 during the period. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson in the third quarter worth $41,000. Finally, V Square Quantitative Management LLC increased its position in Donaldson by 52.0% during the third 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 during the period. Institutional investors own 82.81% of the company’s stock.

About Donaldson

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.