Teacher Retirement System of Texas Has $11.88 Million Position in Donaldson Company, Inc. (NYSE:DCI)

Teacher Retirement System of Texas boosted its position in Donaldson Company, Inc. (NYSE:DCI) by 11.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 176,444 shares of the industrial products company’s stock after purchasing an additional 18,764 shares during the period. Teacher Retirement System of Texas owned 0.15% of Donaldson worth $11,884,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Franklin Resources Inc. increased its holdings in Donaldson by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 2,981,739 shares of the industrial products company’s stock worth $220,380,000 after purchasing an additional 73,234 shares in the last quarter. Geode Capital Management LLC increased its holdings in Donaldson by 5.1% in the 3rd quarter. Geode Capital Management LLC now owns 2,448,879 shares of the industrial products company’s stock worth $180,522,000 after purchasing an additional 118,156 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Donaldson by 7.9% in the 4th quarter. Bank of New York Mellon Corp now owns 1,267,274 shares of the industrial products company’s stock worth $85,351,000 after purchasing an additional 92,624 shares in the last quarter. Scharf Investments LLC acquired a new position in Donaldson in the 4th quarter worth about $61,697,000. Finally, Mcdaniel Terry & Co. increased its holdings in Donaldson by 9.4% in the 4th quarter. Mcdaniel Terry & Co. now owns 561,818 shares of the industrial products company’s stock worth $37,838,000 after purchasing an additional 48,485 shares in the last quarter. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on DCI. StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, March 4th. Morgan Stanley increased their price target on Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. Finally, Robert W. Baird increased their price target on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a research note on Wednesday, December 4th. 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $74.00.

Donaldson Trading Down 0.8 %

Shares of DCI stock opened at $67.31 on Friday. Donaldson Company, Inc. has a 1-year low of $65.10 and a 1-year 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 stock has a 50-day moving average of $69.56 and a 200-day moving average of $71.65. The stock has a market cap of $8.04 billion, a price-to-earnings ratio of 19.57, a PEG ratio of 1.82 and a beta of 1.04.

Donaldson (NYSE:DCI) last announced its earnings results on Thursday, February 27th. The industrial products company reported $0.83 EPS for the quarter, missing the consensus estimate of $0.85 by ($0.02). Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $870.00 million for the quarter, compared to the consensus estimate of $908.32 million. On average, equities research analysts forecast that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Announces Dividend

The firm also recently announced 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 annualized dividend and a dividend yield of 1.60%. Donaldson’s payout ratio is 31.58%.

Insider Activity at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 29,500 shares of the stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $68.89, for a total value of $2,032,255.00. Following the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,951,929.26. This represents a 51.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total value of $946,400.00. Following the completion of the transaction, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 72,000 shares of company stock worth $4,951,425 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.