Donaldson (NYSE:DCI) Hits New 1-Year High at $61.95

Donaldson Company, Inc. (NYSE:DCI – Get Rating)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $61.95 and last traded at $61.95, with a volume of 2 shares. The stock had previously closed at $61.71.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Friday, November 11th. Robert W. Baird boosted their price target on shares of Donaldson from $59.00 to $66.00 and gave the company an “outperform” rating in a research report on Thursday, December 1st. Finally, Morgan Stanley boosted their price target on shares of Donaldson from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, December 1st.

Donaldson Stock Performance

The firm’s 50-day moving average price is $59.92 and its two-hundred day moving average price is $55.27. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.48 and a current ratio of 2.35. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.96 and a beta of 1.22.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 20th. Shareholders of record on Monday, December 5th were given a $0.23 dividend. The ex-dividend date of this dividend was Friday, December 2nd. This represents a $0.92 dividend on an annualized basis and a yield of 1.52%. Donaldson’s payout ratio is currently 33.45%.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 1,206 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $61.00, for a total value of $73,566.00. Following the transaction, the director now owns 38,806 shares of the company’s stock, valued at $2,367,166. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Donaldson news, Director Ajita G. Rajendra sold 1,206 shares of the company’s stock in a transaction dated Thursday, December 1st. The shares were sold at an average price of $61.00, for a total value of $73,566.00. Following the transaction, the director now owns 38,806 shares of the company’s stock, valued at $2,367,166. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, President Thomas R. Scalf sold 4,500 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $61.00, for a total transaction of $274,500.00. Following the completion of the transaction, the president now directly owns 26,443 shares in the company, valued at approximately $1,613,023. The disclosure for this sale can be found here. Insiders have sold 26,618 shares of company stock valued at $1,617,977 over the last 90 days. 2.77% of the stock is owned by insiders.

Institutional Trading of Donaldson

Hedge funds have recently made changes to their positions in the business. EverSource Wealth Advisors LLC acquired a new stake in shares of Donaldson during the third quarter worth about $27,000. Fred Alger Management LLC acquired a new stake in shares of Donaldson during the third quarter worth about $35,000. Ronald Blue Trust Inc. lifted its position in shares of Donaldson by 217.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 797 shares of the industrial products company’s stock worth $39,000 after purchasing an additional 546 shares in the last quarter. Adirondack Trust Co. purchased a new stake in shares of Donaldson during the third quarter worth approximately $39,000. Finally, Venture Visionary Partners LLC purchased a new stake in shares of Donaldson during the second quarter worth approximately $40,000. Institutional investors and hedge funds own 80.10% of the company’s stock.

Donaldson Company Profile

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Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.