Public Employees Retirement System of Ohio Sells 307 Shares of Donaldson Company, Inc. (NYSE:DCI)

Public Employees Retirement System of Ohio reduced its stake in Donaldson Company, Inc. (NYSE:DCI) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,435 shares of the industrial products company’s stock after selling 307 shares during the period. Public Employees Retirement System of Ohio’s holdings in Donaldson were worth $2,888,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Mosaic Family Wealth LLC increased its stake in shares of Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock valued at $192,000 after buying an additional 123 shares in the last quarter. First Merchants Corp increased its stake in shares of Donaldson by 0.4% in the first quarter. First Merchants Corp now owns 33,321 shares of the industrial products company’s stock valued at $1,517,000 after buying an additional 125 shares in the last quarter. Liberty Mutual Group Asset Management Inc. increased its stake in shares of Donaldson by 0.3% in the first quarter. Liberty Mutual Group Asset Management Inc. now owns 59,312 shares of the industrial products company’s stock valued at $2,700,000 after buying an additional 190 shares in the last quarter. Teachers Retirement System of The State of Kentucky increased its stake in shares of Donaldson by 0.8% in the first quarter. Teachers Retirement System of The State of Kentucky now owns 30,628 shares of the industrial products company’s stock valued at $1,394,000 after buying an additional 230 shares in the last quarter. Finally, HighTower Advisors LLC increased its stake in shares of Donaldson by 1.1% in the first quarter. HighTower Advisors LLC now owns 24,612 shares of the industrial products company’s stock valued at $1,119,000 after buying an additional 273 shares in the last quarter. Institutional investors own 78.77% of the company’s stock.

Shares of Donaldson Company, Inc. (NYSE DCI) opened at 46.63 on Tuesday. The firm’s 50-day moving average price is $46.28 and its 200 day moving average price is $44.50. Donaldson Company, Inc. has a 52 week low of $34.95 and a 52 week high of $48.91. The stock has a market capitalization of $6.11 billion, a P/E ratio of 27.76 and a beta of 1.21.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $608.20 million during the quarter, compared to the consensus estimate of $580.44 million. Donaldson had a net margin of 9.72% and a return on equity of 28.12%. The company’s revenue was up 6.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 earnings per share. Analysts expect that Donaldson Company, Inc. will post ($0.38) earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 28th. Investors of record on Monday, June 12th were given a dividend of $0.175 per share. The ex-dividend date was Thursday, June 8th. This represents a $0.70 annualized dividend and a dividend yield of 1.50%. Donaldson’s dividend payout ratio (DPR) is presently 41.92%.

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Several brokerages have commented on DCI. BidaskClub upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research upgraded Donaldson from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Friday, June 9th. Stifel Nicolaus reiterated a “hold” rating and set a $48.00 target price (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Donaldson in a research note on Thursday, June 1st. Finally, Jefferies Group LLC upgraded Donaldson from a “hold” rating to a “buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, May 31st. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Donaldson currently has a consensus rating of “Hold” and an average target price of $48.25.

In related news, Director John Wiehoff sold 14,400 shares of the company’s stock in a transaction dated Tuesday, June 20th. The shares were sold at an average price of $46.33, for a total transaction of $667,152.00. Following the completion of the transaction, the director now owns 59,001 shares in the company, valued at approximately $2,733,516.33. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.88% of the stock is owned by corporate insiders.

About Donaldson

Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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