Donaldson Co. (NYSE:DCI) Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total value of $523,008.00. Following the sale, the director now directly owns 56,877 shares of the company’s stock, valued at $2,065,772.64. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Donaldson Co. (NYSE:DCI) opened at 36.54 on Monday. The company has a market cap of $4.89 billion, a P/E ratio of 25.73 and a beta of 1.04. Donaldson Co. has a 52-week low of $25.21 and a 52-week high of $38.65. The company has a 50-day moving average price of $36.91 and a 200-day moving average price of $34.15.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by $0.03. The company earned $593 million during the quarter, compared to analysts’ expectations of $594.80 million. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The business’s quarterly revenue was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, equities analysts predict that Donaldson Co. will post ($0.13) EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 31st. Shareholders of record on Monday, August 15th were given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date was Thursday, August 11th. Donaldson’s payout ratio is 49.30%.

DCI has been the subject of several recent research reports. TheStreet raised Donaldson from a “hold” rating to a “buy” rating in a report on Friday, June 24th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Donaldson in a report on Thursday, May 26th. Zacks Investment Research raised Donaldson from a “sell” rating to a “hold” rating in a report on Monday, August 29th. CL King began coverage on Donaldson in a research report on Wednesday, June 8th. They set a “buy” rating and a $41.00 price target for the company. Finally, Robert W. Baird lifted their price target on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, September 9th. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Donaldson presently has an average rating of “Hold” and a consensus target price of $34.50.

A number of hedge funds have recently modified their holdings of DCI. State Street Corp boosted its stake in shares of Donaldson by 129.7% in the first quarter. State Street Corp now owns 7,866,812 shares of the company’s stock worth $251,028,000 after buying an additional 4,441,702 shares during the last quarter. Norges Bank bought a new stake in shares of Donaldson during the fourth quarter worth approximately $56,297,000. UBS Asset Management Americas Inc. boosted its stake in shares of Donaldson by 1,103.1% in the second quarter. UBS Asset Management Americas Inc. now owns 1,207,576 shares of the company’s stock worth $41,492,000 after buying an additional 1,107,200 shares during the last quarter. Artisan Partners Limited Partnership bought a new stake in shares of Donaldson during the second quarter worth approximately $23,307,000. Finally, Vanguard Group Inc. boosted its stake in shares of Donaldson by 4.1% in the second quarter. Vanguard Group Inc. now owns 10,339,630 shares of the company’s stock worth $355,270,000 after buying an additional 406,407 shares during the last quarter. Institutional investors and hedge funds own 81.48% of the company’s stock.

About Donaldson

Donaldson Company, Inc is a provider and manufacturer of filtration systems and replacement parts. The Company serves customers in the industrial and engine markets, including dust collection, power generation, specialty filtration, compressed air purification, off-road equipment, industrial compressors, heavy trucks and light vehicles.

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