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Potential Price Increase for Donaldson Co. Inc. (DCI) After Recent Insider Activity

Donaldson Co. Inc.’s recent filing unveils that its President SCALF THOMAS R unloaded Company’s shares for reported $0.31 million on Oct 07 ’24. In the deal valued at $73.33 per share,4,295 shares were sold. As a result of this transaction, SCALF THOMAS R now holds 30,834 shares worth roughly $2.31 million.

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Then, SCALF THOMAS R sold 2,500 shares, generating $182,900 in total proceeds. Upon selling the shares at $73.16, the President now owns 28,334 shares.

Before that, SCALF THOMAS R bought 2,500 shares. Donaldson Co. Inc. shares valued at $182,800 were divested by the Officer at a price of $73.12 per share.

Raymond James initiated its Donaldson Co. Inc. [DCI] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early January with a ‘”an Underweight”‘ rating. Citigroup began covering DCI with “Neutral” recommendation on June 28, 2023. Robert W. Baird revised its rating on October 02, 2020. It rated DCI as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of DCI

On Monday, Donaldson Co. Inc. [NYSE:DCI] saw its stock fall -0.03% to $74.86. Over the last five days, the stock has lost -0.36%. Donaldson Co. Inc. shares have risen nearly 14.55% since the year began. Nevertheless, the stocks have risen 28.87% over the past one year. While a 52-week high of $78.03 was reached on 06/04/24, a 52-week low of $57.05 was recorded on 01/09/24. SMA at 50 days reached $72.90, while 200 days put it at $71.86.

Levels Of Support And Resistance For DCI Stock

The 24-hour chart illustrates a support level at 74.33, which if violated will result in even more drops to 73.79. On the upside, there is a resistance level at 75.55. A further resistance level may holdings at 76.23. The Relative Strength Index (RSI) on the 14-day chart is 58.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.41%. Stochastics %K at 68.15% 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 2024-10-15, growing by 12039.0 shares to a total of 1.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.31 million shares. There was a rise of 0.91%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 26, 2020 when Morgan Stanley began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.

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