New Mexico Educational Retirement Board Has $1.13 Million Holdings in Donaldson Company, Inc. (DCI)

New Mexico Educational Retirement Board lessened its stake in Donaldson Company, Inc. (NYSE:DCI) by 14.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,100 shares of the industrial products company’s stock after selling 4,300 shares during the quarter. New Mexico Educational Retirement Board’s holdings in Donaldson were worth $1,132,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highwater Wealth Management LLC purchased a new position in Donaldson in the 4th quarter worth approximately $27,000. Clean Yield Group purchased a new position in shares of Donaldson during the 4th quarter valued at approximately $52,000. Advisors Preferred LLC purchased a new position in shares of Donaldson during the 4th quarter valued at approximately $107,000. Honkamp Krueger Financial Services Inc. purchased a new position in shares of Donaldson during the 3rd quarter valued at approximately $148,000. Finally, Meeder Asset Management Inc. purchased a new position in shares of Donaldson during the 4th quarter valued at approximately $118,000. Hedge funds and other institutional investors own 81.67% of the company’s stock.

Donaldson stock opened at $47.31 on Friday. The company has a market cap of $6.05 billion, a PE ratio of 23.66, a price-to-earnings-growth ratio of 1.72 and a beta of 1.41. The company has a debt-to-equity ratio of 0.74, a current ratio of 2.40 and a quick ratio of 1.66. Donaldson Company, Inc. has a 52 week low of $40.27 and a 52 week high of $59.43.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 4th. The industrial products company reported $0.56 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.57 by ($0.01). The firm had revenue of $701.40 million for the quarter, compared to analyst estimates of $700.98 million. Donaldson had a net margin of 6.92% and a return on equity of 32.75%. The business’s revenue was up 8.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. As a group, analysts forecast that Donaldson Company, Inc. will post 2.39 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Monday, February 11th will be given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Friday, February 8th. Donaldson’s dividend payout ratio is currently 38.00%.

Several equities analysts have recently commented on DCI shares. Oppenheimer reiterated a “hold” rating on shares of Donaldson in a research note on Sunday, October 14th. Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, November 13th. Stifel Nicolaus reiterated a “hold” rating and set a $53.00 target price on shares of Donaldson in a research note on Thursday, December 6th. SunTrust Banks reiterated a “hold” rating and set a $56.00 target price on shares of Donaldson in a research note on Thursday, December 6th. Finally, ValuEngine cut Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Donaldson presently has an average rating of “Hold” and a consensus target price of $55.25.

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Donaldson Profile

Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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