California Public Employees Retirement System Has $13.25 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

California Public Employees Retirement System lowered its position in Donaldson Company, Inc. (NYSE:DCI) by 12.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 196,775 shares of the industrial products company’s stock after selling 27,544 shares during the period. California Public Employees Retirement System owned 0.16% of Donaldson worth $13,253,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DCI. Smartleaf Asset Management LLC lifted its holdings in Donaldson by 43.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 597 shares of the industrial products company’s stock valued at $40,000 after buying an additional 180 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of Donaldson by 89.6% in the 4th quarter. Venturi Wealth Management LLC now owns 781 shares of the industrial products company’s stock valued at $53,000 after purchasing an additional 369 shares during the period. GAMMA Investing LLC boosted its position in shares of Donaldson by 28.7% during the 4th quarter. GAMMA Investing LLC now owns 925 shares of the industrial products company’s stock valued at $62,000 after purchasing an additional 206 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in Donaldson by 45.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,137 shares of the industrial products company’s stock worth $77,000 after purchasing an additional 353 shares during the period. Finally, Lee Danner & Bass Inc. bought a new stake in Donaldson in the fourth quarter worth approximately $91,000. 82.81% of the stock is owned by institutional investors.

Insider Transactions at Donaldson

In other Donaldson news, President Thomas R. Scalf sold 28,500 shares of Donaldson stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $69.22, for a total transaction of $1,972,770.00. Following the completion of the transaction, the president now owns 28,334 shares in the company, valued at approximately $1,961,279.48. The trade was a 50.15 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, March 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $74.00.

Donaldson Stock Performance

Shares of Donaldson stock opened at $60.83 on Friday. The business has a 50-day simple moving average of $68.85 and a 200 day simple moving average of $71.40. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 1.82 and a beta of 1.01. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson Company, Inc. has a one year low of $59.95 and a one year high of $78.95.

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

Donaldson Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Thursday, February 13th were issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Thursday, February 13th. Donaldson’s dividend payout ratio is currently 31.58%.

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.