Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund cut its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 15.8% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,968 shares of the industrial products company’s stock after selling 4,700 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in Donaldson were worth $1,787,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Public Employees Retirement Association of Colorado acquired a new position in shares of Donaldson in the 1st quarter worth approximately $660,000. UBS Group AG grew its holdings in shares of Donaldson by 83.5% in the 4th quarter. UBS Group AG now owns 382,770 shares of the industrial products company’s stock worth $25,014,000 after acquiring an additional 174,193 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Donaldson by 2.6% during the second quarter. New York State Teachers Retirement System now owns 147,777 shares of the industrial products company’s stock worth $10,575,000 after purchasing an additional 3,792 shares during the period. CANADA LIFE ASSURANCE Co boosted its position in shares of Donaldson by 21.7% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 110,437 shares of the industrial products company’s stock valued at $8,245,000 after purchasing an additional 19,670 shares during the period. Finally, SG Americas Securities LLC increased its stake in Donaldson by 254.5% in the 1st quarter. SG Americas Securities LLC now owns 22,386 shares of the industrial products company’s stock worth $1,672,000 after purchasing an additional 16,071 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Down 0.6 %

DCI stock opened at $69.74 on Friday. The company has a 50 day moving average of $72.39 and a two-hundred day moving average of $72.72. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.89 and a beta of 1.05. Donaldson Company, Inc. has a 12-month low of $57.05 and a 12-month high of $78.03. The company has a quick ratio of 1.30, a current ratio of 1.84 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, June 4th. The industrial products company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.08. The firm had revenue of $927.90 million for the quarter, compared to the consensus estimate of $915.84 million. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The business’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a dividend yield of 1.55%. Donaldson’s dividend payout ratio (DPR) is 33.44%.

Analysts Set New Price Targets

A number of analysts have commented on DCI shares. Stifel Nicolaus reduced their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. Robert W. Baird decreased their price objective on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Finally, Raymond James initiated coverage on Donaldson in a report on Friday, June 28th. They issued a “market perform” rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.67.

Insider Activity

In related news, CFO Scott J. Robinson sold 37,600 shares of the company’s stock in a transaction on Tuesday, July 2nd. The shares were sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the sale, the chief financial officer now directly owns 37,702 shares in the company, valued at $2,675,710.94. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.58% of the stock is owned by insiders.

About Donaldson

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.