New York State Teachers Retirement System Trims Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

New York State Teachers Retirement System lowered its position in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 9.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor 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 about 0.10% of Donaldson worth $7,925,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Sylvest Advisors LLC bought a new position in Donaldson during the 1st quarter worth about $529,000. Community Financial Services Group LLC increased its holdings in Donaldson by 4.9% during the 1st quarter. Community Financial Services Group LLC now owns 14,735 shares of the industrial products company's stock worth $988,000 after purchasing an additional 685 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in Donaldson by 5.3% during the 1st quarter. GHP Investment Advisors Inc. now owns 49,566 shares of the industrial products company's stock worth $3,324,000 after purchasing an additional 2,511 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased 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 worth $372,000 after purchasing an additional 2,435 shares in the last quarter. Finally, Covea Finance increased its holdings in Donaldson by 38.6% during the 1st quarter. Covea Finance now owns 61,000 shares of the industrial products company's stock worth $4,091,000 after purchasing an additional 17,000 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Donaldson Price Performance

DCI traded up $0.10 during trading on Friday, hitting $71.26. 395,314 shares of the stock traded hands, compared to its average volume of 560,839. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $78.95. The company has a market cap of $8.30 billion, a price-to-earnings ratio of 23.91, a PEG ratio of 1.85 and a beta of 0.98. 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 business has a 50 day moving average price of $69.01 and a 200 day moving average price of $68.16.

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

Donaldson Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend was Monday, June 16th. This is a boost from Donaldson's previous quarterly dividend of $0.27. Donaldson's dividend payout ratio is 40.27%.

Analysts Set New Price Targets

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

Insider Activity

In other news, Director James Owens sold 18,700 shares of the stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the transaction, the director owned 20,246 shares of the company's stock, valued at $1,255,656.92. This represents a 48.02% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company insiders.

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.