State of Tennessee Department of Treasury Has $3.27 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

State of Tennessee Department of Treasury lowered its holdings in Donaldson Company, Inc. (NYSE:DCI) by 2.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 48,595 shares of the industrial products company’s stock after selling 1,371 shares during the period. State of Tennessee Department of Treasury’s holdings in Donaldson were worth $3,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. IFP Advisors Inc boosted its stake in shares of Donaldson by 94.5% in the fourth quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock valued at $185,000 after buying an additional 1,334 shares during the period. Granite Bay Wealth Management LLC acquired a new position in Donaldson in the 4th quarter valued at $943,000. JPMorgan Chase & Co. lifted its position in shares of Donaldson by 5.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock valued at $32,394,000 after acquiring an additional 23,758 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of 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. Finally, GAMMA Investing LLC increased its position in shares of Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 206 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Donaldson Stock Down 0.3 %

Shares of NYSE DCI opened at $65.57 on Friday. The stock has a 50-day moving average price of $66.31 and a two-hundred day moving average price of $70.18. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a market cap of $7.84 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 1.82 and a beta of 1.01.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Thursday, February 27th. The industrial products company reported $0.83 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The company had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. As a group, analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Thursday, February 13th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Thursday, February 13th. This represents a $1.08 dividend on an annualized basis and a yield of 1.65%. Donaldson’s dividend payout ratio is currently 31.58%.

Analyst Upgrades and Downgrades

DCI has been the topic of a number of analyst reports. StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Stifel Nicolaus lowered their price objective 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. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and an average target price of $71.33.

Insiders Place Their Bets

In other news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction on 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 transaction, the director now owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, President Thomas R. Scalf sold 28,500 shares of the stock in a transaction on Monday, March 17th. The shares were sold at an average price of $69.22, for a total value of $1,972,770.00. Following the completion of the sale, the president now owns 28,334 shares of the company’s stock, valued at $1,961,279.48. The trade was a 50.15 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 76,700 shares of company stock valued at $5,164,799 in the last 90 days. Corporate insiders own 2.70% of the company’s stock.

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.