Arizona State Retirement System Has $2.20 Million Stock Holdings in Donaldson Company, Inc. (NYSE:DCI)

Arizona State Retirement System decreased its position in Donaldson Company, Inc. (NYSE:DCI) by 2.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 33,709 shares of the industrial products company’s stock after selling 812 shares during the quarter. Arizona State Retirement System’s holdings in Donaldson were worth $2,203,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of DCI. Millburn Ridgefield Corp bought a new stake in Donaldson during the 3rd quarter valued at approximately $27,000. Catalyst Capital Advisors LLC bought a new stake in shares of Donaldson in the third quarter valued at approximately $27,000. Fortitude Family Office LLC acquired a new stake in shares of Donaldson in the fourth quarter worth $27,000. Ronald Blue Trust Inc. increased its position in Donaldson by 792.2% during the third quarter. Ronald Blue Trust Inc. now owns 455 shares of the industrial products company’s stock worth $28,000 after acquiring an additional 404 shares during the period. Finally, Fred Alger Management LLC acquired a new position in Donaldson during the 3rd quarter valued at $35,000. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Donaldson

In other Donaldson news, Director Ajita G. Rajendra sold 18,700 shares of Donaldson stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the completion of the transaction, the director now directly owns 41,961 shares of the company’s stock, valued at $3,084,553.11. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director Ajita G. Rajendra sold 18,700 shares of the firm’s stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $73.51, for a total transaction of $1,374,637.00. Following the completion of the sale, the director now owns 41,961 shares of the company’s stock, valued at $3,084,553.11. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, President Thomas R. Scalf sold 3,027 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $73.09, for a total value of $221,243.43. Following the completion of the transaction, the president now directly owns 34,334 shares in the company, valued at $2,509,472.06. The disclosure for this sale can be found here. Insiders have sold 79,407 shares of company stock worth $5,817,942 over the last three months. Company insiders own 2.58% of the company’s stock.

Wall Street Analysts Forecast Growth

DCI has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of Donaldson from $76.00 to $80.00 and gave the stock an “outperform” rating in a research report on Thursday. Morgan Stanley initiated coverage on Donaldson in a research report on Monday, January 8th. They set an “underweight” rating and a $59.00 target price on the stock. Finally, StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, March 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and a consensus target price of $67.50.

Donaldson Price Performance

NYSE:DCI opened at $74.30 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.99 and a current ratio of 1.47. The company has a 50-day moving average of $71.04 and a 200-day moving average of $64.93. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $75.44. The company has a market capitalization of $8.94 billion, a price-to-earnings ratio of 24.20, a PEG ratio of 2.17 and a beta of 1.10.

Donaldson (NYSE:DCI) last announced its quarterly earnings results on Wednesday, February 28th. The industrial products company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.07. Donaldson had a net margin of 10.82% and a return on equity of 28.52%. The firm had revenue of $876.70 million during the quarter, compared to analysts’ expectations of $874.34 million. During the same quarter last year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 5.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Donaldson Company, Inc. will post 3.28 earnings per share for the current fiscal year.

Donaldson Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date was Friday, February 9th. Donaldson’s dividend payout ratio (DPR) is 32.57%.

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.