California Public Employees Retirement System Sells 27,544 Shares of Donaldson Company, Inc. (NYSE:DCI)

California Public Employees Retirement System decreased its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 196,775 shares of the industrial products company's stock after selling 27,544 shares during the quarter. California Public Employees Retirement System owned 0.16% of Donaldson worth $13,253,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Donaldson by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock worth $38,669,000 after acquiring an additional 158,487 shares in the last quarter. Heartland Advisors Inc. grew its stake in shares of Donaldson by 9.7% in the fourth quarter. Heartland Advisors Inc. now owns 199,476 shares of the industrial products company's stock worth $13,435,000 after acquiring an additional 17,680 shares in the last quarter. denkapparat Operations GmbH acquired a new position in shares of Donaldson in the fourth quarter worth $289,000. Orion Portfolio Solutions LLC grew its stake in shares of Donaldson by 40.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 32,020 shares of the industrial products company's stock worth $2,157,000 after acquiring an additional 9,159 shares in the last quarter. Finally, Pictet Asset Management Holding SA grew its stake in shares of Donaldson by 5.5% during the fourth quarter. Pictet Asset Management Holding SA now owns 16,074 shares of the industrial products company's stock worth $1,083,000 after purchasing an additional 843 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

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Donaldson Price Performance

DCI traded down $2.25 on Thursday, hitting $61.77. 85,517 shares of the company were exchanged, compared to its average volume of 564,744. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The business's fifty day moving average is $67.86 and its 200 day moving average is $71.01. Donaldson Company, Inc. has a fifty-two week low of $57.45 and a fifty-two week high of $78.95. The firm has a market capitalization of $7.38 billion, a P/E ratio of 17.98, a price-to-earnings-growth ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $870.00 million during the quarter, compared to analyst estimates of $908.32 million. As a group, sell-side analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's dividend payout ratio is presently 31.58%.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Donaldson presently has an average rating of "Hold" and an average price target of $74.00.

Insider Transactions at Donaldson

In related news, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company's stock, valued at $1,961,279.48. This represents a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.70% of the company's stock.

Donaldson Company Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. The company operates through three segments: Mobile Solutions, Industrial Solutions, and Life Sciences. Its Mobile Solutions segment provides replacement filters for air and liquid filtration applications, such as air filtration systems; liquid filtration systems for fuel, lube, and hydraulic applications; exhaust and emissions systems and sensors; indicators; and monitoring systems.