Retirement Systems of Alabama decreased its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 267,099 shares of the industrial products company’s stock after selling 183 shares during the period. Retirement Systems of Alabama’s holdings in Donaldson were worth $12,164,000 as of its most recent filing with the SEC.

Several other hedge funds also recently added to or reduced their stakes in DCI. Mosaic Family Wealth LLC raised its stake in Donaldson by 3.0% in the first quarter. Mosaic Family Wealth LLC now owns 4,215 shares of the industrial products company’s stock worth $192,000 after buying an additional 123 shares during the last quarter. First Merchants Corp raised its stake in Donaldson by 0.4% in the first quarter. First Merchants Corp now owns 33,321 shares of the industrial products company’s stock worth $1,517,000 after buying an additional 125 shares during the last quarter. Public Employees Retirement Association of Colorado raised its stake in Donaldson by 0.5% in the second quarter. Public Employees Retirement Association of Colorado now owns 26,524 shares of the industrial products company’s stock worth $1,208,000 after buying an additional 137 shares during the last quarter. Liberty Mutual Group Asset Management Inc. raised its stake in 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 worth $2,700,000 after buying an additional 190 shares during the last quarter. Finally, Creative Planning raised its stake in Donaldson by 0.3% in the second quarter. Creative Planning now owns 75,924 shares of the industrial products company’s stock worth $3,458,000 after buying an additional 193 shares during the last quarter. Institutional investors own 78.83% of the company’s stock.

Donaldson Company, Inc. (DCI) opened at 47.04 on Thursday. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 28.00 and a beta of 1.22. Donaldson Company, Inc. has a 52 week low of $35.59 and a 52 week high of $48.91. The firm has a 50-day moving average price of $46.43 and a 200-day moving average price of $45.33.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Thursday, June 1st. The industrial products company reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Donaldson had a return on equity of 28.12% and a net margin of 9.72%. The business had revenue of $608.20 million for the quarter, compared to the consensus estimate of $580.44 million. During the same period in the previous year, the business earned $0.43 earnings per share. The business’s revenue was up 6.5% on a year-over-year basis. Analysts anticipate that Donaldson Company, Inc. will post ($0.38) EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.18 dividend. This represents a $0.72 annualized dividend and a dividend yield of 1.53%. This is an increase from Donaldson’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, August 11th. Donaldson’s payout ratio is presently 41.92%.

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A number of analysts recently issued reports on the company. Zacks Investment Research lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub lowered Donaldson from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Stifel Nicolaus restated a “hold” rating and issued a $48.00 target price (up from $45.00) on shares of Donaldson in a research note on Friday, June 2nd. Oppenheimer Holdings, Inc. restated 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. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Donaldson has an average rating of “Hold” and a consensus price target of $48.25.

In other news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $46.33, for a total value of $667,152.00. Following the transaction, the director now directly owns 59,001 shares in the company, valued at $2,733,516.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.88% of the stock is owned by insiders.

Donaldson Company Profile

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.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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