Donaldson president Thomas Scalf sells $2 million in stock

Published 03/03/2025, 17:06
Donaldson president Thomas Scalf sells $2 million in stock

Thomas R. Scalf, President of Donaldson Co Inc (NYSE:DCI), recently made significant moves in the company’s stock, as detailed in a recent SEC filing. On February 28, Scalf sold 29,500 shares of Donaldson’s common stock at a price of $68.89 per share, totaling approximately $2,032,255. The transaction comes as the stock trades near its 52-week low of $65.10, with InvestingPro analysis suggesting the stock is currently undervalued.

In a related transaction, Scalf exercised stock options to acquire 29,500 shares at $28 per share, amounting to $826,000. Following these transactions, Scalf holds 28,334 shares of Donaldson stock directly and an additional 97 shares indirectly through a benefit plan trust.

These transactions highlight Scalf’s active management of his holdings in the company, which specializes in industrial and commercial fans, blowers, and air purifying equipment.

In other recent news, Donaldson Company Inc. reported its first-quarter 2025 earnings, revealing an adjusted earnings per share (EPS) of $0.83, slightly below analysts’ expectations of $0.84. The company’s revenue reached $870 million, which also fell short of the anticipated $908.34 million. Despite the revenue miss, Donaldson’s operating margin improved to 15.2%, showcasing effective cost management. The company continues to invest strategically in growth initiatives and technology advancements. Donaldson has maintained a cautiously optimistic outlook for the fiscal year, projecting full-year sales to be flat to up 4% and an adjusted EPS range of $3.60 to $3.68. In a recent development, Donaldson announced a partnership with Daimler (OTC:MBGAF) Truck North America on their hydrogen fuel cell project, further solidifying its position in alternative power solutions. Additionally, Donaldson’s aerospace and defense business is outperforming expectations, with robust demand for new equipment in commercial aerospace and strong defense orders.

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