New York State Teachers Retirement System Buys 6,900 Shares of Donaldson Company, Inc. (NYSE:DCI)

Posted by Defense World Staff on Apr 15th, 2023

New York State Teachers Retirement System grew its holdings in Donaldson Company, Inc. (NYSE:DCI – Get Rating) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 144,227 shares of the industrial products company’s stock after acquiring an additional 6,900 shares during the quarter. New York State Teachers Retirement System owned 0.12% of Donaldson worth $8,491,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Donaldson by 0.8% in the third quarter. Vanguard Group Inc. now owns 12,570,319 shares of the industrial products company’s stock worth $616,072,000 after acquiring an additional 97,879 shares in the last quarter. BlackRock Inc. boosted its holdings in Donaldson by 3.9% in the first quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock worth $571,026,000 after acquiring an additional 413,360 shares in the last quarter. State Street Corp boosted its holdings in Donaldson by 2.0% in the third quarter. State Street Corp now owns 6,900,690 shares of the industrial products company’s stock worth $338,203,000 after acquiring an additional 132,979 shares in the last quarter. Boston Trust Walden Corp boosted its holdings in Donaldson by 0.3% in the fourth quarter. Boston Trust Walden Corp now owns 2,604,940 shares of the industrial products company’s stock worth $153,353,000 after acquiring an additional 8,426 shares in the last quarter. Finally, Impax Asset Management Group plc boosted its holdings in Donaldson by 2.1% in the third quarter. Impax Asset Management Group plc now owns 1,668,119 shares of the industrial products company’s stock worth $80,999,000 after acquiring an additional 33,952 shares in the last quarter. Institutional investors and hedge funds own 80.10% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. StockNews.com initiated coverage on Donaldson in a report on Thursday, March 16th. They issued a “strong-buy” rating for the company. Robert W. Baird raised their price objective on Donaldson from $66.00 to $69.00 in a research note on Friday, March 3rd. Finally, Morgan Stanley raised their price objective on Donaldson from $66.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday, March 2nd.

Insider Activity at Donaldson

In related news, Director James Owens sold 10,800 shares of Donaldson stock in a transaction that occurred on Thursday, March 2nd. The stock was sold at an average price of $66.08, for a total transaction of $713,664.00. Following the completion of the transaction, the director now directly owns 14,378 shares in the company, valued at $950,098.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Donaldson news, Director Christopher M. Hilger acquired 3,186 shares of the business’s stock in a transaction dated Tuesday, April 11th. The stock was acquired at an average cost of $62.76 per share, for a total transaction of $199,953.36. Following the completion of the transaction, the director now directly owns 7,872 shares of the company’s stock, valued at $494,046.72. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director James Owens sold 10,800 shares of the business’s stock in a transaction that occurred on Thursday, March 2nd. The shares were sold at an average price of $66.08, for a total value of $713,664.00. Following the completion of the sale, the director now owns 14,378 shares of the company’s stock, valued at $950,098.24. The disclosure for this sale can be found here. 2.77% of the stock is owned by company insiders.

Donaldson Trading Up 0.1 %

Shares of NYSE:DCI opened at $63.28 on Friday. Donaldson Company, Inc. has a 52-week low of $46.00 and a 52-week high of $66.96. The stock has a market cap of $7.67 billion, a price-to-earnings ratio of 21.97, a PEG ratio of 1.96 and a beta of 1.21. The company has a quick ratio of 1.46, a current ratio of 2.33 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $63.70 and a 200-day moving average price of $59.95.

Donaldson (NYSE:DCI – Get Rating) last announced its quarterly earnings results on Wednesday, March 8th. The industrial products company reported $0.75 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.06. The company had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $838.29 million. Donaldson had a return on equity of 32.35% and a net margin of 10.45%. Donaldson’s quarterly revenue was up 3.2% on a year-over-year basis. During the same period last year, the business earned $0.57 earnings per share. Equities analysts predict that Donaldson Company, Inc. will post 3.05 EPS for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, February 27th. Investors of record on Friday, February 10th were given a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 1.45%. The ex-dividend date was Thursday, February 9th. Donaldson’s dividend payout ratio is currently 31.94%.

Donaldson Company Profile

(Get Rating)

Donaldson Co, Inc engages in the manufacture of filtration systems and replacement parts. It operates through the following segments: Engine Products and Industrial Products. The Engine Products segment includes replacement filters for both air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.