Retirement Systems of Alabama Sells 12,937 Shares of Donaldson Company, Inc. (NYSE:DCI)

Retirement Systems of Alabama reduced its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 4.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 291,669 shares of the industrial products company's stock after selling 12,937 shares during the period. Retirement Systems of Alabama owned 0.24% of Donaldson worth $19,644,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCI. UMB Bank n.a. increased its stake in shares of Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company's stock valued at $26,000 after buying an additional 273 shares during the period. Capital Performance Advisors LLP acquired a new position in Donaldson in the third quarter valued at about $41,000. V Square Quantitative Management LLC grew its stake in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock valued at $45,000 after acquiring an additional 207 shares during the period. GAMMA Investing LLC grew its stake in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company's stock valued at $53,000 after acquiring an additional 301 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Donaldson by 185.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company's stock valued at $91,000 after acquiring an additional 825 shares during the period. 82.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DCI has been the subject of a number of research analyst reports. Morgan Stanley boosted their target price on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research note on Wednesday, December 4th. StockNews.com raised Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday. Finally, Robert W. Baird boosted their price target on Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $74.00.

Insiders Place Their Bets

In other news, Director Trudy A. Rautio sold 14,000 shares of the company's stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the transaction, the director now owns 26,420 shares of the company's stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.70% of the company's stock.

Donaldson Stock Up 0.4 %

Shares of Donaldson stock traded up $0.30 during trading on Monday, reaching $70.43. The stock had a trading volume of 158,056 shares, compared to its average volume of 476,693. Donaldson Company, Inc. has a 52 week low of $65.60 and a 52 week high of $78.95. The company has a market capitalization of $8.41 billion, a price-to-earnings ratio of 20.48, a P/E/G ratio of 1.85 and a beta of 1.06. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average price of $70.10 and a two-hundred day moving average price of $72.48.

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. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same quarter in the prior year, the company posted $0.75 earnings per share. Donaldson's revenue was up 6.4% on a year-over-year basis. Sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, February 13th. Donaldson's dividend payout ratio (DPR) is presently 31.40%.

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.