Donaldson Company, Inc. (NYSE:DCI) Holdings Trimmed by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its position in Donaldson Company, Inc. (NYSE:DCI) by 0.4% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 169,006 shares of the industrial products company’s stock after selling 600 shares during the quarter. New York State Teachers Retirement System owned approximately 0.13% of Donaldson worth $8,460,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DCI. Impax Asset Management Group plc grew its stake in shares of Donaldson by 22.0% during the 4th quarter. Impax Asset Management Group plc now owns 719,290 shares of the industrial products company’s stock valued at $31,210,000 after buying an additional 129,898 shares during the period. Amalgamated Bank lifted its holdings in Donaldson by 52.5% in the 4th quarter. Amalgamated Bank now owns 29,843 shares of the industrial products company’s stock worth $1,295,000 after buying an additional 10,268 shares in the last quarter. Harvey Investment Co. LLC lifted its holdings in Donaldson by 1.7% in the 1st quarter. Harvey Investment Co. LLC now owns 216,903 shares of the industrial products company’s stock worth $10,858,000 after buying an additional 3,725 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Donaldson by 4.6% in the 4th quarter. Thrivent Financial for Lutherans now owns 32,764 shares of the industrial products company’s stock worth $1,422,000 after buying an additional 1,442 shares in the last quarter. Finally, Louisiana State Employees Retirement System increased its position in shares of Donaldson by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 34,200 shares of the industrial products company’s stock worth $1,712,000 after purchasing an additional 300 shares during the last quarter. 80.07% of the stock is currently owned by institutional investors.

Shares of NYSE:DCI traded down $0.92 during trading on Friday, reaching $48.82. The company had a trading volume of 318,994 shares, compared to its average volume of 428,506. The firm has a market cap of $6.29 billion, a P/E ratio of 24.41, a P/E/G ratio of 2.06 and a beta of 1.47. Donaldson Company, Inc. has a twelve month low of $40.27 and a twelve month high of $59.43. The company has a current ratio of 2.63, a quick ratio of 1.82 and a debt-to-equity ratio of 0.68.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, June 4th. The industrial products company reported $0.58 EPS for the quarter, missing the consensus estimate of $0.62 by ($0.04). The business had revenue of $713.00 million for the quarter, compared to analyst estimates of $745.05 million. Donaldson had a net margin of 10.96% and a return on equity of 32.30%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.53 earnings per share. Equities research analysts forecast that Donaldson Company, Inc. will post 2.21 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Thursday, June 13th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 1.72%. The ex-dividend date of this dividend is Wednesday, June 12th. This is a positive change from Donaldson’s previous quarterly dividend of $0.19. Donaldson’s dividend payout ratio is currently 42.00%.

Separately, Zacks Investment Research raised shares of Donaldson from a “sell” rating to a “hold” rating and set a $51.00 price objective for the company in a research report on Monday, May 27th. Six investment analysts have rated the stock with a hold rating, The stock currently has a consensus rating of “Hold” and a consensus target price of $53.00.

In other news, Director Willard D. Oberton sold 14,400 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $49.10, for a total transaction of $707,040.00. Following the transaction, the director now owns 33,172 shares in the company, valued at approximately $1,628,745.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Tod E. Carpenter sold 4,000 shares of the stock in a transaction on Friday, March 29th. The stock was sold at an average price of $50.02, for a total transaction of $200,080.00. Following the transaction, the chairman now owns 102,037 shares in the company, valued at approximately $5,103,890.74. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,800 shares of company stock worth $1,596,592. Company insiders own 1.35% of the company’s stock.

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Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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