State of New Jersey Common Pension Fund D Has $2.93 Million Stock Position in Donaldson Company, Inc. (NYSE:DCI)

State of New Jersey Common Pension Fund D cut its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 6.4% during the third quarter, HoldingsChannel.com reports. The firm owned 39,714 shares of the industrial products company’s stock after selling 2,726 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Donaldson were worth $2,927,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of DCI. Atria Investments Inc boosted its position in shares of Donaldson by 7.1% in the 3rd quarter. Atria Investments Inc now owns 9,301 shares of the industrial products company’s stock worth $685,000 after purchasing an additional 620 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Donaldson during the third quarter worth about $41,000. Consolidated Planning Corp acquired a new position in shares of Donaldson during the 3rd quarter worth about $351,000. Washington Trust Bank bought a new stake in shares of Donaldson in the 3rd quarter valued at about $203,000. Finally, Radnor Capital Management LLC acquired a new stake in shares of Donaldson in the 3rd quarter valued at approximately $4,238,000. Institutional investors own 82.81% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on DCI shares. Stifel Nicolaus decreased their price objective on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a report on Thursday, August 29th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $69.67.

Insider Activity

In related news, insider Amy C. Becker sold 14,500 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the transaction, the insider now directly owns 41,368 shares in the company, valued at approximately $3,015,313.52. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Amy C. Becker sold 14,500 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the completion of the transaction, the insider now owns 41,368 shares in the company, valued at approximately $3,015,313.52. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of Donaldson stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the completion of the sale, the president now owns 28,334 shares in the company, valued at $2,072,915.44. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 167,805 shares of company stock worth $12,310,222 over the last three months. Corporate insiders own 2.70% of the company’s stock.

Donaldson Stock Performance

Shares of DCI stock opened at $77.42 on Thursday. 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 Company, Inc. has a 52 week low of $58.75 and a 52 week high of $78.71. The company’s 50 day moving average price is $73.60 and its two-hundred day moving average price is $73.19. The company has a market capitalization of $9.27 billion, a P/E ratio of 22.90, a price-to-earnings-growth ratio of 2.04 and a beta of 1.04.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The business had revenue of $935.40 million for the quarter, compared to analyst estimates of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. On average, analysts expect that Donaldson Company, Inc. will post 3.63 earnings per share for the current fiscal year.

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.