Teacher Retirement System of Texas Has $7.85 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Teacher Retirement System of Texas reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 33.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 117,088 shares of the industrial products company's stock after selling 59,356 shares during the period. Teacher Retirement System of Texas owned 0.10% of Donaldson worth $7,852,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DCI. Eads & Heald Wealth Management grew its position in Donaldson by 4.1% in the 1st quarter. Eads & Heald Wealth Management now owns 9,988 shares of the industrial products company's stock worth $670,000 after purchasing an additional 390 shares during the last quarter. Sylvest Advisors LLC acquired a new stake in Donaldson in the 1st quarter worth $529,000. Community Financial Services Group LLC grew its position in Donaldson by 4.9% in 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 during the last quarter. GHP Investment Advisors Inc. grew its position in Donaldson by 5.3% in 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 during the last quarter. Finally, Cambridge Investment Research Advisors Inc. grew its position in Donaldson by 78.0% in 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 during the last quarter. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In related news, Director James Owens sold 18,700 shares of Donaldson 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 completion of the transaction, the director directly owned 20,246 shares of the company's stock, valued at $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 is available at this hyperlink. 2.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

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

Donaldson Price Performance

Shares of NYSE:DCI traded up $0.26 during midday trading on Wednesday, reaching $70.92. 375,717 shares of the company's stock were exchanged, compared to its average volume of 561,628. The company's 50 day simple moving average is $69.30 and its two-hundred day simple moving average is $68.21. The firm has a market capitalization of $8.26 billion, a PE ratio of 23.80, a price-to-earnings-growth ratio of 1.84 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. 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 EPS for the quarter, topping analysts' consensus estimates 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 firm's revenue for the quarter was up 1.3% compared to the same quarter last year. During the same period last year, the firm earned $0.92 EPS. Equities research analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a dividend of $0.30 per share. This is an increase from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 annualized dividend and a yield of 1.69%. The ex-dividend date was Monday, June 16th. 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.