State of New Jersey Common Pension Fund D Sells 15,874 Shares of Donaldson Company, Inc. (NYSE:DCI)

State of New Jersey Common Pension Fund D decreased its holdings in Donaldson Company, Inc. (NYSE:DCI) by 27.2% in the 2nd quarter, HoldingsChannel reports. The firm 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 reporting period.

Several other institutional investors have also recently bought and sold shares of DCI. TD Asset Management Inc lifted its position in shares of Donaldson by 215.2% during the fourth quarter. TD Asset Management Inc now owns 1,552,946 shares of the industrial products company’s stock worth $101,485,000 after purchasing an additional 1,060,232 shares in the last quarter. Norges Bank acquired a new position in Donaldson during the 4th quarter worth $57,923,000. Epoch Investment Partners Inc. boosted its position in Donaldson by 91.0% in the 4th quarter. Epoch Investment Partners Inc. now owns 1,141,693 shares of the industrial products company’s stock valued at $74,610,000 after buying an additional 544,008 shares during the last quarter. Eagle Ridge Investment Management acquired a new stake in shares of Donaldson in the 1st quarter valued at $25,351,000. Finally, Confluence Investment Management LLC bought a new stake in shares of Donaldson during the first quarter worth $25,018,000. Institutional investors own 82.81% of the company’s stock.

Donaldson Stock Up 0.1 %

Shares of NYSE:DCI opened at $71.71 on Thursday. The company has a 50 day moving average price of $72.41 and a two-hundred day moving average price of $72.91. The company has a market capitalization of $8.63 billion, a PE ratio of 22.20, a PEG ratio of 1.84 and a beta of 1.05. Donaldson Company, Inc. has a 52 week low of $57.05 and a 52 week high of $78.03. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84.

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 dividend of $0.27 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.08 annualized dividend and a yield of 1.51%. Donaldson’s dividend payout ratio is presently 33.44%.

Insiders Place Their Bets

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

Analyst Ratings Changes

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

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.