Texas Permanent School Fund Corp Sells 3,812 Shares of Donaldson Company, Inc. (NYSE:DCI)

Texas Permanent School Fund Corp trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCIFree Report) by 3.6% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 102,970 shares of the industrial products company’s stock after selling 3,812 shares during the quarter. Texas Permanent School Fund Corp owned about 0.09% of Donaldson worth $6,141,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Donaldson by 34.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 5,581 shares of the industrial products company’s stock worth $333,000 after buying an additional 1,444 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Donaldson during the 3rd quarter worth $596,000. State of New Jersey Common Pension Fund D lifted its position in shares of Donaldson by 8.8% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 58,314 shares of the industrial products company’s stock worth $3,478,000 after buying an additional 4,704 shares during the last quarter. HighTower Advisors LLC increased its holdings in Donaldson by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 635,674 shares of the industrial products company’s stock worth $37,919,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Pathstone Family Office LLC increased its holdings in Donaldson by 39.2% in the 3rd quarter. Pathstone Family Office LLC now owns 13,029 shares of the industrial products company’s stock worth $777,000 after purchasing an additional 3,667 shares in the last quarter. 80.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DCI has been the subject of a number of recent research reports. Morgan Stanley initiated coverage on Donaldson in a report on Monday, January 8th. They issued an “underweight” rating and a $59.00 target price for the company. Stifel Nicolaus upped their target price on Donaldson from $64.00 to $65.00 and gave the stock a “hold” rating in a report on Thursday, November 30th. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Monday, February 5th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $64.75.

Get Our Latest Report on Donaldson

Insider Buying and Selling

In related news, Director Ajita G. Rajendra sold 11,400 shares of Donaldson stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.24, for a total transaction of $709,536.00. Following the sale, the director now directly owns 40,545 shares in the company, valued at $2,523,520.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Donaldson news, Director Ajita G. Rajendra sold 11,400 shares of the firm’s stock in a transaction on Monday, December 11th. The stock was sold at an average price of $62.24, for a total value of $709,536.00. Following the completion of the sale, the director now directly owns 40,545 shares of the company’s stock, valued at $2,523,520.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Willard D. Oberton sold 5,000 shares of the firm’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $64.99, for a total value of $324,950.00. Following the completion of the sale, the director now directly owns 26,337 shares of the company’s stock, valued at $1,711,641.63. The disclosure for this sale can be found here. Over the last three months, insiders have sold 19,137 shares of company stock worth $1,202,812. 2.58% of the stock is owned by company insiders.

Donaldson Stock Up 0.5 %

Shares of NYSE:DCI opened at $67.37 on Monday. The business’s 50 day simple moving average is $64.36 and its two-hundred day simple moving average is $62.03. The firm has a market cap of $8.09 billion, a P/E ratio of 22.76, a PEG ratio of 2.01 and a beta of 1.09. The company has a debt-to-equity ratio of 0.27, a quick ratio of 1.00 and a current ratio of 1.49. Donaldson Company, Inc. has a 52-week low of $57.05 and a 52-week high of $67.54.

Donaldson (NYSE:DCIGet Free Report) last posted its earnings results on Wednesday, November 29th. The industrial products company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.03. Donaldson had a return on equity of 29.08% and a net margin of 10.60%. The company had revenue of $846.30 million for the quarter, compared to analyst estimates of $857.91 million. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was down .1% on a year-over-year basis. As a group, research analysts forecast that Donaldson Company, Inc. will post 3.2 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Monday, February 12th will be issued a dividend of $0.25 per share. The ex-dividend date is Friday, February 9th. This represents a $1.00 dividend on an annualized basis and a yield of 1.48%. Donaldson’s dividend payout ratio (DPR) is currently 33.78%.

About Donaldson

(Free Report)

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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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