Arizona State Retirement System boosted its position in shares of Donaldson Co. (NYSE:DCI) by 7.6% during the third quarter, Holdings Channel reports. The institutional investor owned 54,947 shares of the company’s stock after buying an additional 3,900 shares during the period. Arizona State Retirement System’s holdings in Donaldson were worth $2,051,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Ledyard National Bank increased its stake in Donaldson by 105.7% in the third quarter. Ledyard National Bank now owns 3,503 shares of the company’s stock worth $131,000 after buying an additional 1,800 shares in the last quarter. Independent Portfolio Consultants Inc. increased its position in shares of Donaldson by 9.5% in the second quarter. Independent Portfolio Consultants Inc. now owns 5,240 shares of the company’s stock worth $180,000 after buying an additional 455 shares during the period. Washington Trust Bank increased its position in shares of Donaldson by 0.5% in the third quarter. Washington Trust Bank now owns 5,024 shares of the company’s stock worth $188,000 after buying an additional 24 shares during the period. Foster Dykema Cabot & Co. Inc. MA bought a new position in shares of Donaldson during the second quarter worth about $206,000. Finally, First Allied Advisory Services Inc. bought a new position in shares of Donaldson during the second quarter worth about $206,000. Institutional investors and hedge funds own 80.65% of the company’s stock.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

Donaldson Co. (NYSE:DCI) traded up 0.10% on Tuesday, reaching $40.03. The company had a trading volume of 602,392 shares. The stock’s 50 day moving average is $37.82 and its 200-day moving average is $36.29. Donaldson Co. has a 1-year low of $25.21 and a 1-year high of $40.96. The stock has a market capitalization of $5.31 billion, a P/E ratio of 28.19 and a beta of 0.93.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Thursday, September 8th. The company reported $0.46 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. Donaldson had a return on equity of 27.06% and a net margin of 8.59%. The company had revenue of $593 million for the quarter, compared to the consensus estimate of $594.80 million. During the same period in the prior year, the company earned $0.45 EPS. The firm’s revenue was down 2.8% on a year-over-year basis. On average, equities analysts predict that Donaldson Co. will post $1.58 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 21st. Investors of record on Tuesday, December 6th will be given a $0.175 dividend. This represents a $0.70 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, December 2nd. Donaldson’s dividend payout ratio (DPR) is currently 49.30%.

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A number of research analysts recently issued reports on DCI shares. Zacks Investment Research upgraded Donaldson from a “sell” rating to a “hold” rating in a research note on Monday, August 29th. Robert W. Baird boosted their price objective on Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Donaldson presently has a consensus rating of “Hold” and an average target price of $38.25.

In related news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total value of $523,008.00. Following the completion of the transaction, the director now owns 56,877 shares of the company’s stock, valued at $2,065,772.64. 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 currently 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 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.

5 Day Chart for NYSE:DCI

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