Teacher Retirement System of Texas Purchases 18,764 Shares of Donaldson Company, Inc. (NYSE:DCI)

Teacher Retirement System of Texas grew its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 11.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,444 shares of the industrial products company's stock after purchasing an additional 18,764 shares during the period. Teacher Retirement System of Texas owned approximately 0.15% of Donaldson worth $11,884,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in DCI. Smartleaf Asset Management LLC boosted its position in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock valued at $40,000 after acquiring an additional 180 shares during the last quarter. CIBC Asset Management Inc raised its stake in Donaldson by 5.3% during the fourth quarter. CIBC Asset Management Inc now owns 3,738 shares of the industrial products company's stock valued at $252,000 after purchasing an additional 187 shares in the last quarter. GAMMA Investing LLC lifted its position in Donaldson by 28.7% during the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company's stock valued at $62,000 after purchasing an additional 206 shares during the last quarter. Hancock Whitney Corp grew its stake in shares of Donaldson by 1.2% in the 3rd quarter. Hancock Whitney Corp now owns 18,960 shares of the industrial products company's stock worth $1,397,000 after buying an additional 219 shares in the last quarter. Finally, Signal Advisors Wealth LLC increased its holdings in shares of Donaldson by 5.6% in the 4th quarter. Signal Advisors Wealth LLC now owns 4,709 shares of the industrial products company's stock worth $317,000 after buying an additional 249 shares during the last quarter. Hedge funds and other institutional investors own 82.81% of the company's stock.

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Analyst Ratings Changes

A number of equities research analysts have issued reports on DCI shares. Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a research report on Wednesday, December 4th. Robert W. Baird raised their price target on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 4th. Finally, StockNews.com cut shares of Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Tuesday, March 4th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $74.00.

Donaldson Trading Up 0.6 %

DCI traded up $0.41 on Wednesday, reaching $68.70. 484,110 shares of the company traded hands, compared to its average volume of 524,895. The company has a market cap of $8.21 billion, a P/E ratio of 19.97, a price-to-earnings-growth ratio of 1.82 and a beta of 1.04. 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 Company, Inc. has a one year low of $65.10 and a one year high of $78.95. The firm has a fifty day simple moving average of $69.59 and a two-hundred day simple moving average of $71.64.

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

Donaldson Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders 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 1.57%. The ex-dividend date of this dividend was Thursday, February 13th. Donaldson's payout ratio is 31.58%.

Insider Activity

In other news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $68.89, for a total transaction of $2,032,255.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,951,929.26. This trade represents a 51.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the business'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 transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company's stock, valued at $1,785,992. This trade represents a 34.64 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 72,000 shares of company stock worth $4,951,425. Company insiders own 2.70% of the company's stock.

Donaldson 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.