Donaldson Company, Inc. (NYSE:DCI) Short Interest Down 10.5% in October

Donaldson Company, Inc. (NYSE:DCI) saw a large drop in short interest during the month of October. As of October 31st, there was short interest totalling 3,500,000 shares, a drop of 10.5% from the September 30th total of 3,910,000 shares. Currently, 2.8% of the company’s shares are sold short. Based on an average daily volume of 448,400 shares, the short-interest ratio is presently 7.8 days.

Shares of Donaldson stock traded up $0.28 during mid-day trading on Friday, hitting $54.93. 180,725 shares of the stock were exchanged, compared to its average volume of 372,589. Donaldson has a twelve month low of $40.27 and a twelve month high of $57.31. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 24.86, a price-to-earnings-growth ratio of 2.21 and a beta of 1.42. The company has a 50-day simple moving average of $52.70 and a 200 day simple moving average of $50.42. The company has a current ratio of 2.32, a quick ratio of 1.64 and a debt-to-equity ratio of 0.65.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Thursday, September 5th. The industrial products company reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.60 by $0.01. Donaldson had a net margin of 9.39% and a return on equity of 32.29%. The company had revenue of $726.90 million for the quarter, compared to analysts’ expectations of $725.32 million. During the same period last year, the company earned $0.58 EPS. The firm’s revenue for the quarter was up .3% compared to the same quarter last year. Equities research analysts forecast that Donaldson will post 2.28 earnings per share for the current fiscal year.

DCI has been the topic of several analyst reports. ValuEngine raised shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, November 1st. Stifel Nicolaus set a $50.00 price target on shares of Donaldson and gave the stock a “hold” rating in a research note on Friday, September 6th. Five investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Donaldson has an average rating of “Hold” and a consensus target price of $52.25.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. acquired a new stake in shares of Donaldson in the second quarter worth approximately $66,000. Victory Capital Management Inc. boosted its position in shares of Donaldson by 1.7% in the second quarter. Victory Capital Management Inc. now owns 65,124 shares of the industrial products company’s stock worth $3,312,000 after acquiring an additional 1,063 shares during the last quarter. TD Asset Management Inc. boosted its position in shares of Donaldson by 5.8% in the second quarter. TD Asset Management Inc. now owns 58,581 shares of the industrial products company’s stock worth $2,979,000 after acquiring an additional 3,190 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Donaldson by 42.4% in the second quarter. D. E. Shaw & Co. Inc. now owns 63,378 shares of the industrial products company’s stock worth $3,224,000 after acquiring an additional 18,860 shares during the last quarter. Finally, Ballentine Partners LLC boosted its position in shares of Donaldson by 15.9% in the second quarter. Ballentine Partners LLC now owns 5,532 shares of the industrial products company’s stock worth $282,000 after acquiring an additional 757 shares during the last quarter. 81.18% of the stock is currently owned by institutional investors and hedge funds.

About Donaldson

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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