Teacher Retirement System of Texas Sells 59,356 Shares of Donaldson Company, Inc. (NYSE:DCI)

Teacher Retirement System of Texas lessened its holdings in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 33.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 117,088 shares of the industrial products company's stock after selling 59,356 shares during the quarter. Teacher Retirement System of Texas owned 0.10% of Donaldson worth $7,852,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Proficio Capital Partners LLC acquired a new position in Donaldson in the 4th quarter valued at $1,311,000. Smartleaf Asset Management LLC increased its holdings in shares of Donaldson by 43.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company's stock worth $40,000 after buying an additional 180 shares during the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Donaldson by 84.4% during the 4th quarter. Jones Financial Companies Lllp now owns 13,786 shares of the industrial products company's stock worth $928,000 after buying an additional 6,308 shares during the last quarter. Atria Investments Inc increased its holdings in shares of Donaldson by 49.7% during the 4th quarter. Atria Investments Inc now owns 13,926 shares of the industrial products company's stock worth $938,000 after buying an additional 4,625 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of Donaldson during the 4th quarter worth $13,865,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Donaldson Stock Down 1.6%

Shares of DCI stock traded down $1.14 during trading hours on Monday, hitting $70.12. 480,091 shares of the company were exchanged, compared to its average volume of 560,515. The stock has a market capitalization of $8.17 billion, a price-to-earnings ratio of 23.53, a P/E/G ratio of 1.85 and a beta of 0.98. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $78.95. The business's 50-day simple moving average is $69.01 and its two-hundred day simple moving average is $68.16. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94.

Donaldson (NYSE:DCI - Get Free Report) last released its quarterly earnings data on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm had revenue of $940.10 million for the quarter, compared to analyst estimates of $936.02 million. During the same quarter in the prior year, the business earned $0.92 earnings per share. Donaldson's quarterly revenue was up 1.3% on a year-over-year basis. Sell-side analysts predict that Donaldson Company, Inc. will post 3.64 EPS 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 paid a dividend of $0.30 per share. The ex-dividend date was Monday, June 16th. This is a positive change from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a dividend yield of 1.71%. Donaldson's dividend payout ratio (DPR) is currently 40.27%.

Insider Activity

In other news, Director James Owens sold 18,700 shares of the 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 completion of the sale, the director owned 20,246 shares in the company, valued at $1,255,656.92. This represents a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.70% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

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.