State of New Jersey Common Pension Fund D Has $3.04 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

State of New Jersey Common Pension Fund D cut its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 27.2% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 42,440 shares of the industrial products company’s stock after selling 15,874 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Donaldson were worth $3,037,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. TD Asset Management Inc lifted its stake in Donaldson by 23.7% in the 1st quarter. TD Asset Management Inc now owns 1,920,651 shares of the industrial products company’s stock worth $143,434,000 after acquiring an additional 367,705 shares in the last quarter. Fiduciary Management Inc. WI lifted its position in shares of Donaldson by 3.5% in the fourth quarter. Fiduciary Management Inc. WI now owns 1,819,192 shares of the industrial products company’s stock worth $118,884,000 after purchasing an additional 61,584 shares in the last quarter. First Trust Advisors LP boosted its holdings in shares of Donaldson by 19.4% during the fourth quarter. First Trust Advisors LP now owns 1,584,936 shares of the industrial products company’s stock worth $103,576,000 after purchasing an additional 256,994 shares during the period. Epoch Investment Partners Inc. grew its position in Donaldson by 16.6% during the first quarter. Epoch Investment Partners Inc. now owns 1,331,717 shares of the industrial products company’s stock valued at $99,453,000 after purchasing an additional 190,024 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Donaldson by 0.7% during the second quarter. Bank of New York Mellon Corp now owns 1,285,130 shares of the industrial products company’s stock valued at $91,964,000 after purchasing an additional 9,143 shares in the last quarter. 82.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Donaldson

In other news, CFO Scott J. Robinson sold 37,600 shares of the stock in a transaction that occurred on Tuesday, July 2nd. The stock was sold at an average price of $70.97, for a total value of $2,668,472.00. Following the completion of the transaction, the chief financial officer now directly owns 37,702 shares of the company’s stock, valued at approximately $2,675,710.94. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 2.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have issued reports on DCI shares. Robert W. Baird decreased their target price on shares of Donaldson from $80.00 to $79.00 and set an “outperform” rating for the company in a research note on Monday, June 3rd. Raymond James started coverage on Donaldson in a research note on Friday, June 28th. They issued a “market perform” rating on the stock. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Thursday, September 12th. Finally, Stifel Nicolaus lowered their price target on Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research note on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have given a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $69.67.

Donaldson Price Performance

Shares of NYSE:DCI opened at $71.71 on Thursday. The business has a 50-day moving average of $72.41 and a two-hundred day moving average of $72.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. Donaldson Company, Inc. has a fifty-two week low of $57.05 and a fifty-two week high of $78.03. The stock has a market capitalization of $8.63 billion, a P/E ratio of 22.20, a P/E/G ratio of 1.84 and a beta of 1.05.

Donaldson Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Tuesday, August 13th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date was Tuesday, August 13th. Donaldson’s dividend payout ratio (DPR) is currently 33.44%.

Donaldson Company Profile

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.