New York State Common Retirement Fund Increases Position in Donaldson Company, Inc. $DCI

New York State Common Retirement Fund increased its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 12.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,530 shares of the industrial products company’s stock after purchasing an additional 8,100 shares during the quarter. New York State Common Retirement Fund owned approximately 0.06% of Donaldson worth $6,100,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Royal Bank of Canada raised its holdings in Donaldson by 38.2% in the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock worth $6,848,000 after purchasing an additional 28,207 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Donaldson by 16.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after acquiring an additional 494 shares in the last quarter. Millennium Management LLC lifted its position in Donaldson by 428.6% during the first quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after acquiring an additional 181,602 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Donaldson by 29.0% during the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after acquiring an additional 62,864 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in Donaldson by 2.2% in the second quarter. Janney Montgomery Scott LLC now owns 7,291 shares of the industrial products company’s stock valued at $506,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 82.81% of the company’s stock.

Donaldson Price Performance

Shares of NYSE:DCI opened at $107.20 on Friday. Donaldson Company, Inc. has a twelve month low of $57.45 and a twelve month high of $107.95. The company has a current ratio of 2.15, a quick ratio of 1.39 and a debt-to-equity ratio of 0.44. The company has a market cap of $12.36 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 2.65 and a beta of 1.00. The company’s 50 day moving average is $95.13 and its 200 day moving average is $85.40.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The firm had revenue of $935.40 million for the quarter, compared to analyst estimates of $922.68 million. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The business’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.83 earnings per share. On average, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Thursday, February 12th will be issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.1%. The ex-dividend date of this dividend is Thursday, February 12th. Donaldson’s payout ratio is 37.38%.

Insider Transactions at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 19,800 shares of the business’s stock in a transaction that occurred on Friday, December 5th. The stock was sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the transaction, the director directly owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. The trade was a 31.04% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Bradley J. Pogalz sold 566 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total value of $51,828.62. Following the completion of the sale, the chief financial officer owned 434 shares in the company, valued at approximately $39,741.38. This represents a 56.60% decrease in their position. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DCI has been the subject of several analyst reports. Morgan Stanley upgraded Donaldson from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $72.00 to $84.00 in a report on Monday, November 24th. Robert W. Baird set a $110.00 target price on Donaldson in a research report on Monday. Jefferies Financial Group raised their price target on Donaldson to $123.00 and gave the stock a “buy” rating in a report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research note on Friday, January 9th. Finally, Stifel Nicolaus upped their price objective on shares of Donaldson from $90.00 to $96.00 and gave the company a “hold” rating in a report on Friday, December 5th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $103.25.

Donaldson Profile

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.