Jane Street Group LLC Sells 105,140 Shares of Donaldson Company, Inc. (NYSE:DCI)

Jane Street Group LLC reduced its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 71.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 42,838 shares of the industrial products company's stock after selling 105,140 shares during the period. Jane Street Group LLC's holdings in Donaldson were worth $3,157,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. New York State Teachers Retirement System lifted its holdings in Donaldson by 2.6% during the 2nd quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company's stock valued at $10,575,000 after purchasing an additional 3,792 shares during the last quarter. Arizona State Retirement System lifted its stake in shares of Donaldson by 2.1% during the 2nd quarter. Arizona State Retirement System now owns 33,697 shares of the industrial products company's stock worth $2,411,000 after buying an additional 681 shares during the last quarter. Savant Capital LLC grew its stake in Donaldson by 46.2% in the 2nd quarter. Savant Capital LLC now owns 13,674 shares of the industrial products company's stock valued at $979,000 after buying an additional 4,320 shares during the last quarter. Algert Global LLC grew its stake in Donaldson by 1,554.0% in the 2nd quarter. Algert Global LLC now owns 146,346 shares of the industrial products company's stock valued at $10,473,000 after buying an additional 137,498 shares during the last quarter. Finally, Jensen Investment Management Inc. lifted its position in Donaldson by 18.1% during the third quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company's stock worth $4,941,000 after acquiring an additional 10,280 shares during the last quarter. Institutional investors and hedge funds own 82.81% of the company's stock.

Wall Street Analysts Forecast Growth

DCI has been the topic of several research reports. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research report on Saturday, September 28th. Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Stifel Nicolaus dropped their target price on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a report on Thursday, August 29th. Finally, Robert W. Baird boosted their target price on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Donaldson has an average rating of "Hold" and an average target price of $74.00.

Donaldson Price Performance

NYSE:DCI traded down $0.26 during trading hours on Friday, reaching $68.02. 2,241,508 shares of the company were exchanged, compared to its average volume of 516,604. The business has a 50 day moving average of $74.63 and a 200 day moving average of $73.23. Donaldson Company, Inc. has a 1-year low of $61.79 and a 1-year high of $78.95. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. The company has a market capitalization of $8.12 billion, a P/E ratio of 19.77, a P/E/G ratio of 1.90 and a beta of 1.04.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.75 EPS. Research analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson's dividend payout ratio (DPR) is presently 31.40%.

Insider Buying and Selling

In related news, Director Willard D. Oberton sold 2,700 shares of the firm's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $73.37, for a total value of $198,099.00. Following the sale, the director now directly owns 27,983 shares of the company's stock, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Scott J. Robinson sold 83,600 shares of Donaldson stock in a transaction dated Friday, September 27th. The shares were sold at an average price of $74.04, for a total value of $6,189,744.00. Following the completion of the transaction, the chief financial officer now owns 37,702 shares in the company, valued at approximately $2,791,456.08. This represents a 68.92 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 124,014 shares of company stock worth $9,133,197. Corporate insiders own 2.70% of the company's stock.

About Donaldson

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.