Donaldson Company, Inc. (NYSE:DCI) Short Interest Update

Donaldson Company, Inc. (NYSE:DCI) was the recipient of a significant increase in short interest during the month of December. As of December 15th, there was short interest totalling 1,320,000 shares, an increase of 6.5% from the November 30th total of 1,240,000 shares. Based on an average daily volume of 602,100 shares, the days-to-cover ratio is presently 2.2 days. Approximately 1.1% of the shares of the company are short sold.

Analyst Ratings Changes

Several brokerages recently weighed in on DCI. StockNews.com upgraded Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Robert W. Baird lifted their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Finally, Morgan Stanley increased their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $74.00.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The stock was sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now directly owns 28,334 shares of the company’s stock, valued at approximately $2,072,915.44. This trade represents a 8.11 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Willard D. Oberton sold 2,700 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $2,053,112.71. This trade represents a 8.80 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,495 shares of company stock worth $695,951 over the last three months. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DCI. Vanguard Personalized Indexing Management LLC increased its stake in Donaldson by 1.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 11,364 shares of the industrial products company’s stock worth $813,000 after buying an additional 146 shares in the last quarter. Claro Advisors LLC boosted its stake in shares of Donaldson by 2.0% in the third quarter. Claro Advisors LLC now owns 10,242 shares of the industrial products company’s stock worth $755,000 after acquiring an additional 203 shares during the last quarter. V Square Quantitative Management LLC raised its stake in Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the last quarter. Hancock Whitney Corp lifted its holdings in Donaldson by 1.2% in the 3rd quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company’s stock valued at $1,397,000 after purchasing an additional 219 shares in the last quarter. Finally, UMB Bank n.a. boosted its stake in 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. 82.81% of the stock is owned by hedge funds and other institutional investors.

Donaldson Stock Performance

Shares of DCI stock opened at $67.35 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. Donaldson has a 12-month low of $61.79 and a 12-month high of $78.95. The business’s 50 day moving average is $73.58 and its two-hundred day moving average is $72.90. The company has a market capitalization of $8.04 billion, a P/E ratio of 19.58, a P/E/G ratio of 1.90 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 EPS. Analysts expect that Donaldson will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.27 per share. The ex-dividend date was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.60%. Donaldson’s dividend payout ratio is currently 31.40%.

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.