Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Retirement Systems of Alabama

Retirement Systems of Alabama reduced its position in Donaldson Company, Inc. (NYSE:DCI) by 4.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 291,669 shares of the industrial products company’s stock after selling 12,937 shares during the quarter. Retirement Systems of Alabama owned about 0.24% of Donaldson worth $19,644,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DCI. UMB Bank n.a. raised its holdings in Donaldson by 359.2% during the third quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 273 shares in the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson in the 3rd quarter valued at approximately $41,000. V Square Quantitative Management LLC boosted its stake in shares of Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after buying an additional 207 shares in the last quarter. GAMMA Investing LLC raised its position in Donaldson by 72.0% in the third quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock worth $53,000 after acquiring an additional 301 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Donaldson by 185.8% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,269 shares of the industrial products company’s stock worth $91,000 after purchasing an additional 825 shares in the last quarter. Hedge funds and other institutional investors own 82.81% of the company’s stock.

Analysts Set New Price Targets

DCI has been the topic of several recent analyst reports. Morgan Stanley upped their target price 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. Robert W. Baird raised their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research report on Wednesday, December 4th. Finally, StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday, January 31st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average price target of $74.00.

Insider Buying and Selling

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction 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 transaction, the director now owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.

Donaldson Price Performance

DCI stock opened at $70.72 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock’s 50 day moving average price is $70.26 and its 200 day moving average price is $72.51. The firm has a market cap of $8.45 billion, a P/E ratio of 20.56, a PEG ratio of 1.86 and a beta of 1.06. Donaldson Company, Inc. has a 1 year low of $65.60 and a 1 year high of $78.95.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating 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 business had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. During the same quarter last year, the company earned $0.75 earnings per share. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Thursday, February 13th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Thursday, February 13th. Donaldson’s payout ratio is 31.40%.

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.