The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Donaldson Co. Inc. shares valued at $330,930 were sold by OBERTON WILLARD D on Mar 20 ’24. At $73.54 per share, OBERTON WILLARD D sold 4,500 shares. The insider’s holdings dropped to 27,685 shares worth approximately $2.0 million following the completion of this transaction.
Also, Robinson Scott J. sold 5,088 shares, netting a total of over 371,984 in proceeds. Following the sale of shares at $73.11 each, the insider now holds 37,702 shares.
Before that, Robinson Scott J. had sold 31,912 shares from its account. In a trade valued at $2,338,830, the Chief Financial Officer traded Donaldson Co. Inc. shares for $73.29 each. Upon closing the transaction, the insider’s holdings decreased to 31,912 shares, worth approximately $3.09 million.
As published in their initiating research note from Morgan Stanley on January 08, 2024, Donaldson Co. Inc. [DCI] has been an Underweight and the price target has been revised to $59. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of October 02, 2020, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for DCI. Earlier on June 26, 2020, Morgan Stanley initiated its rating. Their recommendation was “an Overweight” for DCI stock.
Analyzing DCI Stock Performance
During the last five days, there has been a surge of approximately 0.77%. Over the course of the year, Donaldson Co. Inc. shares have jumped approximately 10.48%. Shares of the company reached a 52-week high of $75.44 on 04/04/24 and a 52-week low of $61.79 on 01/09/24. A 50-day SMA is recorded $71.99, while a 200-day SMA reached $64.55. Nevertheless, trading volume fell to 0.55 million shares from 0.63 million shares the previous day.
Support And Resistance Levels for Donaldson Co. Inc. (DCI)
According to the 24-hour chart, there is a support level at 71.55, which, if violated, would cause prices to drop to 70.90. In the upper region, resistance lies at 72.79. The next price resistance is at 73.38. RSI (Relative Strength Index) is 45.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.57, which suggests the price will decrease in the coming days. Percent R is at 80.65%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
