Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 5.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,418 shares of the industrial products company’s stock after selling 2,830 shares during the period. Public Employees Retirement System of Ohio’s holdings in Donaldson were worth $3,790,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Donaldson by 47.0% during the second quarter. Blue Trust Inc. now owns 2,282 shares of the industrial products company’s stock worth $170,000 after buying an additional 730 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of Donaldson in the 2nd quarter valued at approximately $264,000. Lecap Asset Management Ltd. increased its holdings in shares of Donaldson by 72.5% in the second quarter. Lecap Asset Management Ltd. now owns 19,130 shares of the industrial products company’s stock valued at $1,369,000 after purchasing an additional 8,041 shares during the period. Eads & Heald Wealth Management raised its stake in shares of Donaldson by 2.8% during the second quarter. Eads & Heald Wealth Management now owns 9,758 shares of the industrial products company’s stock worth $698,000 after purchasing an additional 268 shares during the last quarter. Finally, Oak Family Advisors LLC lifted its holdings in shares of Donaldson by 4.3% during the second quarter. Oak Family Advisors LLC now owns 4,742 shares of the industrial products company’s stock worth $339,000 after purchasing an additional 197 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DCI has been the topic of several recent research reports. Robert W. Baird boosted 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. Stifel Nicolaus cut their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. Morgan Stanley boosted their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $74.00.

Donaldson Price Performance

DCI stock opened at $72.14 on Monday. The company has a market cap of $8.62 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.90 and a beta of 1.04. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $75.00 and a 200-day moving average of $73.36. Donaldson Company, Inc. has a 12-month low of $61.79 and a 12-month high of $78.95.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $900.10 million for the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 earnings per share. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Monday, December 9th. Donaldson’s payout ratio is currently 31.40%.

Insider Activity

In related news, Director Willard D. Oberton sold 2,700 shares of the stock in a transaction on Friday, October 4th. The stock was sold at an average price of $73.37, for a total transaction of $198,099.00. Following the sale, the director now owns 27,983 shares of the company’s stock, valued at $2,053,112.71. This trade represents a 8.80 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James Owens sold 5,210 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now directly owns 17,788 shares of the company’s stock, valued at $1,276,111.12. The trade was a 22.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock worth $12,310,222 over the last ninety days. 2.70% of the stock is currently owned by insiders.

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.