Donaldson Company, Inc. (NYSE:DCI) Short Interest Down 10.3% in April

Donaldson Company, Inc. (NYSE:DCI) was the recipient of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 1,400,000 shares, a decline of 10.3% from the March 31st total of 1,560,000 shares. Currently, 1.2% of the shares of the stock are sold short. Based on an average trading volume of 480,200 shares, the short-interest ratio is currently 2.9 days.

Donaldson Price Performance

NYSE:DCI opened at $72.27 on Monday. Donaldson has a 52 week low of $57.05 and a 52 week high of $75.44. The company has a quick ratio of 0.99, a current ratio of 1.47 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $8.70 billion, a P/E ratio of 23.54, a P/E/G ratio of 2.10 and a beta of 1.10. The stock’s fifty day moving average is $72.26 and its two-hundred day moving average is $65.97.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.07. The company had revenue of $876.70 million for the quarter, compared to the consensus estimate of $874.34 million. Donaldson had a return on equity of 28.52% and a net margin of 10.82%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.75 earnings per share. Equities analysts expect that Donaldson will post 3.28 EPS for the current year.

Analyst Ratings Changes

DCI has been the topic of a number of recent research reports. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, March 7th. Robert W. Baird boosted their price objective on Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research note on Thursday, April 11th. Finally, Morgan Stanley assumed coverage on Donaldson in a research report on Monday, January 8th. They issued an “underweight” rating and a $59.00 target price on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $67.50.

Insider Transactions at Donaldson

In other news, Director Ajita G. Rajendra sold 18,700 shares of Donaldson stock in a transaction that occurred on Thursday, March 7th. The stock was sold at an average price of $73.51, for a total value of $1,374,637.00. Following the sale, the director now directly owns 41,961 shares of the company’s stock, valued at $3,084,553.11. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Donaldson news, Director Ajita G. Rajendra sold 18,700 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the transaction, the director now owns 41,961 shares of the company’s stock, valued at $3,084,553.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Willard D. Oberton sold 4,500 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $73.54, for a total value of $330,930.00. Following the transaction, the director now directly owns 27,685 shares in the company, valued at approximately $2,035,954.90. The disclosure for this sale can be found here. Insiders have sold 79,407 shares of company stock valued at $5,817,942 over the last ninety days. Insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Institutional investors and hedge funds have recently modified their holdings of the company. Gotham Asset Management LLC raised its holdings in shares of Donaldson by 47.9% in the 3rd quarter. Gotham Asset Management LLC now owns 100,154 shares of the industrial products company’s stock valued at $5,973,000 after buying an additional 32,431 shares during the period. Ballentine Partners LLC increased its holdings in Donaldson by 60.6% during the 3rd quarter. Ballentine Partners LLC now owns 7,141 shares of the industrial products company’s stock worth $426,000 after purchasing an additional 2,694 shares during the period. Boston Trust Walden Corp increased its holdings in Donaldson by 1.5% during the 4th quarter. Boston Trust Walden Corp now owns 2,816,300 shares of the industrial products company’s stock worth $184,045,000 after purchasing an additional 42,365 shares during the period. Envestnet Asset Management Inc. increased its holdings in Donaldson by 49.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 83,300 shares of the industrial products company’s stock worth $4,968,000 after purchasing an additional 27,633 shares during the period. Finally, Cambridge Trust Co. increased its holdings in Donaldson by 36.1% during the 3rd quarter. Cambridge Trust Co. now owns 96,457 shares of the industrial products company’s stock worth $5,753,000 after purchasing an additional 25,592 shares during the period. Hedge funds and other 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.