Donaldson Company, Inc. (NYSE:DCI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 7.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 159,120 shares of the industrial products company’s stock after selling 12,100 shares during the quarter. New York State Common Retirement Fund owned 0.13% of Donaldson worth $10,717,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Scharf Investments LLC acquired a new position in Donaldson in the 4th quarter worth about $61,697,000. Dudley & Shanley Inc. increased its position in shares of Donaldson by 5,118.4% in the fourth quarter. Dudley & Shanley Inc. now owns 268,750 shares of the industrial products company’s stock valued at $18,100,000 after buying an additional 263,600 shares in the last quarter. Swedbank AB acquired a new position in shares of Donaldson during the 4th quarter worth approximately $17,471,000. Geode Capital Management LLC lifted its position in shares of Donaldson by 5.1% during the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock valued at $180,522,000 after buying an additional 118,156 shares in the last quarter. Finally, Capital Counsel LLC NY purchased a new position in shares of Donaldson during the 3rd quarter valued at approximately $8,218,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DCI has been the subject of a number of research analyst reports. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Monday. 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 report on Wednesday, December 4th. Finally, Robert W. Baird lifted their price objective on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Donaldson has a consensus rating of “Hold” and a consensus target price of $74.00.

Donaldson Stock Performance

NYSE:DCI opened at $68.55 on Tuesday. The company has a market cap of $8.19 billion, a P/E ratio of 19.93, a P/E/G ratio of 1.82 and a beta of 1.06. Donaldson Company, Inc. has a twelve month low of $66.01 and a twelve month high of $78.95. The company’s 50-day moving average price is $69.29 and its 200-day moving average price is $72.21. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35.

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

Donaldson Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Thursday, February 13th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s dividend payout ratio (DPR) is presently 31.40%.

Insider Transactions at Donaldson

In related news, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction dated 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 sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade 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 is accessible through this link. 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.