Donaldson Company, Inc. (NYSE:DCI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 33.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & 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 SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC raised its holdings in Donaldson by 2.1% in 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 acquiring an additional 7,663 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Donaldson by 162.5% during the first quarter. GAMMA Investing LLC now owns 2,428 shares of the industrial products company's stock worth $163,000 after buying an additional 1,503 shares during the period. SG Americas Securities LLC purchased a new position in shares of Donaldson during the first quarter worth $912,000. JPMorgan Chase & Co. grew its stake in Donaldson by 7.1% during the 4th quarter. JPMorgan Chase & Co. now owns 470,602 shares of the industrial products company's stock worth $31,695,000 after purchasing an additional 31,064 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its stake in Donaldson by 38.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock worth $38,669,000 after purchasing an additional 158,487 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of the firm's stock in a transaction dated Thursday, April 10th. The shares were sold at an average price of $62.02, for a total value 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 trade represents a 48.02% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.70% of the stock is owned by corporate insiders.

Donaldson Stock Up 1.4%

NYSE:DCI traded up $0.96 on Tuesday, reaching $71.11. The stock had a trading volume of 140,859 shares, compared to its average volume of 558,886. The company has a current ratio of 1.94, a quick ratio of 1.24 and a debt-to-equity ratio of 0.44. The company has a 50-day moving average of $69.10 and a 200 day moving average of $68.17. The stock has a market cap of $8.29 billion, a P/E ratio of 23.86, a price-to-earnings-growth ratio of 1.85 and a beta of 0.98. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $78.95.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $940.10 million during the quarter, compared to analysts' expectations of $936.02 million. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The firm's revenue for the quarter was up 1.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.92 EPS. On average, research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current 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. The ex-dividend date was Monday, June 16th. This represents a $1.20 dividend on an annualized basis and a yield of 1.69%. This is a boost from Donaldson's previous quarterly dividend of $0.27. Donaldson's dividend payout ratio (DPR) is currently 40.27%.

Wall Street Analyst Weigh In

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

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.