Louisiana State Employees Retirement System Invests $2.22 Million in Donaldson Company, Inc. (NYSE:DCI)

Louisiana State Employees Retirement System acquired a new position in shares of Donaldson Company, Inc. (NYSE:DCI) in the 4th quarter, HoldingsChannel reports. The fund acquired 33,900 shares of the industrial products company’s stock, valued at approximately $2,215,000.

Other large investors also recently modified their holdings of the company. Fortitude Family Office LLC acquired a new stake in shares of Donaldson during the 4th quarter worth approximately $27,000. Millburn Ridgefield Corp acquired a new stake in Donaldson in the 3rd quarter valued at $27,000. Catalyst Capital Advisors LLC acquired a new stake in Donaldson in the 3rd quarter valued at $27,000. Ronald Blue Trust Inc. grew its position in Donaldson by 792.2% in the 3rd quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock valued at $28,000 after purchasing an additional 404 shares during the period. Finally, Itau Unibanco Holding S.A. acquired a new stake in Donaldson in the 2nd quarter valued at $39,000. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Upgrades and Downgrades

DCI has been the subject of several research reports. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Thursday, March 7th. Morgan Stanley initiated coverage on shares of Donaldson in a research report on Monday, January 8th. They issued an “underweight” rating and a $59.00 price target for the company. Finally, Robert W. Baird lifted their price target on shares of Donaldson from $76.00 to $80.00 and gave the company an “outperform” rating in a research report on Thursday, April 11th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Donaldson has a consensus rating of “Hold” and a consensus price target of $67.50.

Insider Buying and Selling

In related news, President Thomas R. Scalf sold 7,680 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $71.09, for a total value of $545,971.20. Following the transaction, the president now directly owns 34,334 shares of the company’s stock, valued at approximately $2,440,804.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, President Thomas R. Scalf sold 7,680 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $71.09, for a total value of $545,971.20. Following the transaction, the president now directly owns 34,334 shares of the company’s stock, valued at approximately $2,440,804.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Sheila G. Kramer sold 45,500 shares of the business’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $73.52, for a total transaction of $3,345,160.00. Following the completion of the transaction, the insider now directly owns 23,171 shares in the company, valued at $1,703,531.92. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 79,407 shares of company stock valued at $5,817,942. 2.58% of the stock is owned by insiders.

Donaldson Price Performance

DCI opened at $71.95 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.47 and a quick ratio of 0.99. The company has a market capitalization of $8.66 billion, a price-to-earnings ratio of 23.44, a P/E/G ratio of 2.10 and a beta of 1.10. The firm’s fifty day moving average price is $71.51 and its two-hundred day moving average price is $65.33. Donaldson Company, Inc. has a 1 year low of $57.05 and a 1 year high of $75.44.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, February 28th. The industrial products company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. The firm had revenue of $876.70 million for the quarter, compared to the consensus estimate of $874.34 million. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The business’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.75 EPS. As a group, analysts anticipate that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Friday, February 9th. Donaldson’s dividend payout ratio (DPR) is currently 32.57%.

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.