Donaldson Co. Inc.’s filing revealed that its Director OBERTON WILLARD D unloaded Company’s shares for reported $0.33 million on Mar 20 ’24. In the deal valued at $73.54 per share,4,500 shares were sold. As a result of this transaction, OBERTON WILLARD D now holds 27,685 shares worth roughly $2.06 million.
Then, Robinson Scott J. sold 5,088 shares, generating $371,984 in total proceeds. Upon selling the shares at $73.11, the Chief Financial Officer now owns 37,702 shares.
Before that, Robinson Scott J. sold 31,912 shares. Donaldson Co. Inc. shares valued at $2,338,830 were divested by the Chief Financial Officer at a price of $73.29 per share. As a result of the transaction, Robinson Scott J. now holds 42,790 shares, worth roughly $3.19 million.
Morgan Stanley initiated its Donaldson Co. Inc. [DCI] rating to an Underweight in a research note published on January 08, 2024; the price target was $59. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Robert W. Baird also remained covering DCI and has increased its forecast on October 02, 2020 with a “an Outperform” recommendation from previously “Neutral” rating. Morgan Stanley started covering the stock on June 26, 2020. It rated DCI as “an Overweight”.
Price Performance Review of DCI
On Friday, Donaldson Co. Inc. [NYSE:DCI] saw its stock jump 0.47% to $74.48. Over the last five days, the stock has lost -0.27%. Donaldson Co. Inc. shares have risen nearly 13.97% since the year began. Nevertheless, the stocks have risen 19.17% over the past one year. While a 52-week high of $75.44 was reached on 04/04/24, a 52-week low of $57.05 was recorded on 01/09/24. SMA at 50 days reached $70.06, while 200 days put it at $63.76. A total of 0.53 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For DCI Stock
The 24-hour chart illustrates a support level at 74.03, which if violated will result in even more drops to 73.59. On the upside, there is a resistance level at 74.85. A further resistance level may holdings at 75.23. The Relative Strength Index (RSI) on the 14-day chart is 62.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 32.76%. Stochastics %K at 65.52% indicates the stock is a holding.
How much short interest is there in Donaldson Co. Inc.?
A steep rise in short interest was recorded in Donaldson Co. Inc. stocks on Mar 15, 2024, growing by 0.37 million shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.41 million shares. There was a rise of 20.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.89% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.12.
