State of Tennessee Department of Treasury Sells 1,371 Shares of Donaldson Company, Inc. (NYSE:DCI)

State of Tennessee Department of Treasury lessened its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.7% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund 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 reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc raised its position in shares of Donaldson by 94.5% in the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company’s stock worth $185,000 after acquiring an additional 1,334 shares in the last quarter. Granite Bay Wealth Management LLC acquired a new stake in Donaldson during the fourth quarter worth approximately $943,000. JPMorgan Chase & Co. increased its holdings in Donaldson by 5.7% in the third quarter. JPMorgan Chase & Co. now owns 439,538 shares of the industrial products company’s stock worth $32,394,000 after purchasing an additional 23,758 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its stake in Donaldson by 38.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company’s stock valued at $38,669,000 after buying an additional 158,487 shares during the period. Finally, GAMMA Investing LLC lifted its stake in Donaldson by 28.7% in the fourth quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after buying an additional 206 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Insider Buying and Selling at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of the firm’s stock in a transaction on Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the transaction, the president now directly owns 28,334 shares in the company, valued at approximately $1,961,279.48. This trade represents a 50.15 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Owens sold 18,700 shares of the company’s stock in a transaction on Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the completion of the sale, the director now owns 20,246 shares of the company’s stock, valued at approximately $1,255,656.92. The trade was a 48.02 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 76,700 shares of company stock worth $5,164,799. Insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Stifel Nicolaus decreased their price target on shares of Donaldson from $70.00 to $63.00 and set a “hold” rating for the company in a research note on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $71.33.

Donaldson Trading Down 0.3 %

NYSE DCI opened at $65.57 on Friday. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The business has a 50 day moving average price of $66.31 and a 200-day moving average price of $70.18. The company has a quick ratio of 1.20, a current ratio of 1.85 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 P/E/G 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 for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a return on equity of 29.07% and a net margin of 11.56%. The business had revenue of $870.00 million for the quarter, compared to analyst estimates of $908.32 million. As a group, equities analysts expect that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Announces Dividend

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

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.