New York State Teachers Retirement System Decreases Stake in Donaldson Company, Inc. (NYSE:DCI)

New York State Teachers Retirement System cut its stake in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 11.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 130,476 shares of the industrial products company's stock after selling 16,501 shares during the quarter. New York State Teachers Retirement System owned 0.11% of Donaldson worth $8,788,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of DCI. Granite Bay Wealth Management LLC bought a new stake in Donaldson in the fourth quarter valued at approximately $943,000. JPMorgan Chase & Co. increased its stake in shares of Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company's stock worth $32,394,000 after buying an additional 23,758 shares during the period. Jensen Investment Management Inc. raised its holdings in Donaldson by 18.1% during the 3rd quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company's stock valued at $4,941,000 after buying an additional 10,280 shares during the last quarter. GAMMA Investing LLC boosted its position in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after buying an additional 206 shares during the period. Finally, Private Advisor Group LLC grew its holdings in Donaldson by 7.3% in the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company's stock worth $2,128,000 after acquiring an additional 1,974 shares during the last quarter. 82.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DCI has been the subject of several recent analyst reports. Robert W. Baird upped their price objective on shares of Donaldson from $81.00 to $83.00 and gave the company an "outperform" rating in a research note on Wednesday, December 4th. StockNews.com downgraded shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Sunday, February 16th. Finally, Morgan Stanley upped their price target on shares of Donaldson from $67.00 to $68.00 and gave the stock an "underweight" rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Donaldson has a consensus rating of "Hold" and an average target price of $74.00.

Donaldson Price Performance

NYSE DCI traded down $0.53 on Friday, reaching $68.82. The company had a trading volume of 650,663 shares, compared to its average volume of 485,094. The firm's 50 day moving average price is $69.42 and its 200 day moving average price is $72.23. Donaldson Company, Inc. has a 12 month low of $65.99 and a 12 month high of $78.95. The stock has a market capitalization of $8.22 billion, a PE ratio of 20.01, a price-to-earnings-growth ratio of 1.82 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating 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 company 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 firm posted $0.75 EPS. Donaldson's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Thursday, February 13th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.57%. Donaldson's dividend payout ratio is presently 31.40%.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the business's stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares in the company, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is currently owned by corporate insiders.

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.