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Saturday, June 3, 2023

Donaldson Company Inc. (NYSE: DCI) May Be Attracting Institutional Investments

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Donaldson Company Inc. (DCI) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $64.72. The Donaldson Company Inc. has recorded 22,622 volume in the after hours trading session. Recently, Yahoo Finance discussed the stock, revealing that Donaldson Company Announces 2030 Environmental and Social Ambitions.

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Stocks Info

Donaldson Company Inc. is listed on the NYSE as a member of the Industrials sector and is a part of the Specialty Industrial Machinery industry. At the end of the last regular session, the stock closed at $64.72 and fluctuated between $65.64 as its day high and $64.65 as its day low. The current market capitalization of Donaldson Company Inc. is $7.85B. A total of 0.5 million shares were traded on the day, compared to an average of 441.95K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, DCI has seen 8 BUY and 2 SELL insider trades, representing the acquisition of 23,613 and the disposition of 19,200 shares. Over the last 12 months, there were 43 BUYs and 14 SELLs from insiders. Insiders purchased 80,235 shares during that period but sold 84,835.

In the most recent transaction, Hilger Christopher M. bought 3,186 shares of DCI for 62.76 per share on Apr 11. After the transaction, the Director now owns 7,872 company shares. In a previous transaction on Mar 02, Owens James sold 10,800 shares at 66.08 per share. DCI shares that Director owns now total 14,378.

Among the insiders who sold shares, OBERTON WILLARD D disposed of 8,400 shares on Mar 02 at a per-share price of $65.64. This resulted in the Director holding 25,869 shares of DCI after the transaction. In another insider transaction, SCALF THOMAS R sold 4,500 shares at $61.00 per share on Jan 11. Company shares held by the President now total 26,443.

Dividend

It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. Donaldson Company Inc. pays an annual dividend of $0.92, resulting in a dividend yield of 1.42%, and it has a price to earnings (P/E) ratio of 22.46. DCI’s most recent ex-dividend date was 2/9/2023 when it declared a $0.23 quarterly dividend that was paid in cash on 2/27/2023. Previously, the company paid the dividend on 12/20/2022 with an ex-dividend date of 12/2/2022. The DCI stock dividend was $0.23 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for DCI in the last 3 months, the mean price target is $68.00 with high estimates of $71.00 and low estimates of $64.00. In terms of 52-week highs and lows, DCI has a high of $66.96 and a low of $46.00.

As of this writing, DCI has an earnings estimate of $0.74 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $0.76 per share and a lower estimate of $0.72. The company reported an EPS of $0.7 in the last quarter, which was -1.40% lower than expectations of $0.71.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DCI’s latest balance sheet shows that the firm has $222.80M in Cash & Short Term Investments as of fiscal 2021. There were $527.60M in debt and $606.60M in liabilities at the time. Its Book Value Per Share was $9.81, while its Total Shareholder’s Equity was $1.14B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 6 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DCI is Overweight with a score of 3.86. A total of 1 analysts rated the stock as Buy while 1 rated it as Overweight while 4 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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