Donaldson Company, Inc. (NYSE:DCI) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund trimmed its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 57.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,320 shares of the industrial products company's stock after selling 91,800 shares during the period. New York State Common Retirement Fund owned about 0.06% of Donaldson worth $4,514,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Impax Asset Management Group plc boosted its position in shares of Donaldson by 27.5% during the first quarter. Impax Asset Management Group plc now owns 878,632 shares of the industrial products company's stock valued at $58,130,000 after purchasing an additional 189,580 shares in the last quarter. OneDigital Investment Advisors LLC grew its holdings in Donaldson by 22.5% during the 1st quarter. OneDigital Investment Advisors LLC now owns 3,697 shares of the industrial products company's stock valued at $248,000 after buying an additional 680 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in Donaldson by 2.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock valued at $25,478,000 after buying an additional 7,663 shares in the last quarter. GAMMA Investing LLC grew its holdings in Donaldson by 162.5% during the 1st quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock valued at $163,000 after buying an additional 1,503 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its holdings in Donaldson by 78.0% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 5,555 shares of the industrial products company's stock valued at $372,000 after buying an additional 2,435 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DCI shares. Morgan Stanley restated an "underweight" rating and set a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a report on Friday, June 6th. Stifel Nicolaus decreased their target price on Donaldson from $70.00 to $63.00 and set a "hold" rating for the company in a research report on Monday, April 14th. Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Robert W. Baird boosted their target price on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th.

Donaldson Stock Performance

Donaldson stock traded down $0.34 during trading hours on Thursday, hitting $71.32. 135,217 shares of the stock traded hands, compared to its average volume of 586,735. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.94 and a quick ratio of 1.24. The firm's 50 day moving average price is $69.84 and its 200-day moving average price is $68.39. The stock has a market capitalization of $8.31 billion, a price-to-earnings ratio of 23.93, a P/E/G ratio of 1.85 and a beta of 0.98. Donaldson Company, Inc. has a 1 year low of $57.45 and a 1 year high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 EPS for the quarter, topping analysts' consensus estimates of $0.95 by $0.04. The firm had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. Donaldson had a return on equity of 28.86% and a net margin of 9.94%. The company's revenue was up 1.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.92 earnings per share. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.30 dividend. This is a boost from Donaldson's previous quarterly dividend of $0.27. The ex-dividend date was Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.68%. Donaldson's dividend payout ratio is presently 40.27%.

Donaldson Company 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.