Teacher Retirement System of Texas Purchases 18,764 Shares of Donaldson Company, Inc. (NYSE:DCI)

Teacher Retirement System of Texas boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 11.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 176,444 shares of the industrial products company’s stock after acquiring an additional 18,764 shares during the period. Teacher Retirement System of Texas’ holdings in Donaldson were worth $11,884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its holdings in shares of Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after purchasing an additional 180 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Donaldson by 89.6% in the fourth quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 369 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Donaldson by 45.0% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock valued at $77,000 after purchasing an additional 353 shares in the last quarter. Finally, Kentucky Trust Co bought a new position in shares of Donaldson in the fourth quarter valued at approximately $105,000. Institutional investors own 82.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a report on Tuesday, March 4th. Morgan Stanley raised their target price on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a report on Wednesday, December 4th. Finally, Robert W. Baird raised their target price on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $74.00.

Insiders Place Their Bets

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now directly owns 28,334 shares of the company’s stock, valued at $1,961,279.48. This trade represents a 50.15 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Trudy A. Rautio sold 14,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 72,000 shares of company stock valued at $4,951,425 over the last ninety days. 2.70% of the stock is currently owned by insiders.

Donaldson Stock Performance

Shares of DCI opened at $67.31 on Friday. 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 company has a market capitalization of $8.04 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.82 and a beta of 1.04. The stock has a 50 day moving average of $69.56 and a 200 day moving average of $71.65. Donaldson Company, Inc. has a 12 month low of $65.10 and a 12 month high of $78.95.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $870.00 million for the quarter, compared to analysts’ expectations of $908.32 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Thursday, February 13th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio is currently 31.58%.

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.