New York State Common Retirement Fund Lowers Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

New York State Common Retirement Fund lessened its position in Donaldson Company, Inc. (NYSE:DCI) by 7.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm 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’s holdings in Donaldson were worth $10,717,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Granite Bay Wealth Management LLC purchased a new stake in Donaldson during the fourth quarter worth about $943,000. JPMorgan Chase & Co. boosted 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 valued at $32,394,000 after purchasing an additional 23,758 shares during the period. Jensen Investment Management Inc. grew its holdings in shares of Donaldson by 18.1% in the third quarter. Jensen Investment Management Inc. now owns 67,040 shares of the industrial products company’s stock valued at $4,941,000 after purchasing an additional 10,280 shares in the last quarter. GAMMA Investing LLC increased its stake in Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after buying an additional 206 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in Donaldson by 7.3% during the 3rd quarter. Private Advisor Group LLC now owns 28,877 shares of the industrial products company’s stock worth $2,128,000 after buying an additional 1,974 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of DCI opened at $68.55 on Tuesday. The firm has a market capitalization of $8.19 billion, a price-to-earnings ratio of 19.93, a PEG ratio of 1.82 and a beta of 1.06. The firm’s fifty day simple moving average is $69.29 and its 200-day simple moving average is $72.21. Donaldson Company, Inc. has a twelve month low of $66.01 and a twelve month high of $78.95. 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 announced its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $888.88 million. During the same period in the previous year, the business earned $0.75 EPS. Donaldson’s revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The business also recently declared 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. The ex-dividend date is Thursday, February 13th. This represents a $1.08 annualized dividend and a yield of 1.58%. Donaldson’s dividend payout ratio is currently 31.40%.

Insiders Place Their Bets

In related news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DCI shares. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Monday. Morgan Stanley boosted their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and an average target price of $74.00.

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.