New York State Teachers Retirement System Has $7.93 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

New York State Teachers Retirement System lowered its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,174 shares of the industrial products company's stock after selling 12,302 shares during the period. New York State Teachers Retirement System owned 0.10% of Donaldson worth $7,925,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in DCI. Proficio Capital Partners LLC bought a new position in shares of Donaldson during the fourth quarter worth approximately $1,311,000. Smartleaf Asset Management LLC increased its stake in shares of Donaldson by 43.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after purchasing an additional 180 shares during the period. Jones Financial Companies Lllp increased its stake in shares of Donaldson by 84.4% during the fourth quarter. Jones Financial Companies Lllp now owns 13,786 shares of the industrial products company's stock worth $928,000 after purchasing an additional 6,308 shares during the period. Atria Investments Inc increased its stake in shares of Donaldson by 49.7% during the fourth quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company's stock worth $938,000 after purchasing an additional 4,625 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Donaldson during the fourth quarter worth approximately $13,865,000. Institutional investors own 82.81% of the company's stock.

Wall Street Analysts Forecast Growth

DCI has been the topic of a number of recent research reports. Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday. Morgan Stanley restated an "underweight" rating and set a $69.00 price objective (up previously from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Stifel Nicolaus lowered their price objective on Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Robert W. Baird raised their price objective on Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 4th.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the firm's stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total value of $1,159,774.00. Following the sale, the director owned 20,246 shares of the company's stock, valued at approximately $1,255,656.92. This trade represents a 48.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.70% of the company's stock.

Donaldson Price Performance

Donaldson stock traded up $0.55 during mid-day trading on Tuesday, reaching $70.70. 526,871 shares of the company were exchanged, compared to its average volume of 561,321. The company has a fifty day simple moving average of $69.20 and a 200-day simple moving average of $68.19. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. 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 has a market cap of $8.24 billion, a PE ratio of 23.72, a PEG ratio of 1.82 and a beta of 0.98.

Donaldson (NYSE:DCI - Get Free Report) last issued its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, beating 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 last year, the business posted $0.92 EPS. As a group, equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 16th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend was Monday, June 16th. This is an increase from Donaldson's previous quarterly dividend of $0.27. Donaldson's dividend payout ratio (DPR) is currently 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.