State of New Jersey Common Pension Fund D Sells 4,210 Shares of Donaldson Company, Inc. $DCI

State of New Jersey Common Pension Fund D reduced its position in shares of Donaldson Company, Inc. (NYSE:DCI) by 11.1% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,641 shares of the industrial products company’s stock after selling 4,210 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Donaldson were worth $2,333,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in Donaldson during the 2nd quarter valued at $679,475,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Donaldson by 75.3% during the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after buying an additional 1,430,120 shares during the last quarter. Boston Trust Walden Corp raised its holdings in Donaldson by 7.8% during the 2nd quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock valued at $195,977,000 after buying an additional 203,957 shares during the last quarter. Fiduciary Management Inc. WI raised its holdings in Donaldson by 13.1% during the 1st quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after buying an additional 290,477 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Donaldson by 12.6% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,818,227 shares of the industrial products company’s stock valued at $121,926,000 after buying an additional 202,746 shares during the last quarter. 82.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

DCI has been the subject of a number of recent analyst reports. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a report on Friday, October 3rd. Stifel Nicolaus boosted their price objective on shares of Donaldson from $69.00 to $84.00 and gave the company a “hold” rating in a research report on Thursday, August 28th. Robert W. Baird boosted their price objective on shares of Donaldson from $78.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Morgan Stanley boosted their price objective on shares of Donaldson from $69.00 to $72.00 and gave the company an “underweight” rating in a research report on Tuesday, September 2nd. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Two investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $80.33.

Donaldson Stock Down 0.9%

NYSE:DCI opened at $82.80 on Wednesday. The firm’s 50-day moving average price is $80.85 and its 200-day moving average price is $73.36. The company has a market capitalization of $9.59 billion, a PE ratio of 27.15, a P/E/G ratio of 1.98 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.93 and a quick ratio of 1.25. Donaldson Company, Inc. has a 1-year low of $57.45 and a 1-year high of $84.56.

Donaldson (NYSE:DCI) last released its earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. The firm had revenue of $802.50 million for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Insider Transactions at Donaldson

In other news, insider Amy C. Becker sold 18,500 shares of the company’s stock in a transaction dated Thursday, August 28th. The shares were sold at an average price of $81.71, for a total value of $1,511,635.00. Following the sale, the insider directly owned 44,645 shares of the company’s stock, valued at $3,647,942.95. This represents a 29.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Trudy A. Rautio sold 31,900 shares of the company’s stock in a transaction dated Thursday, August 28th. The stock was sold at an average price of $79.96, for a total transaction of $2,550,724.00. Following the completion of the sale, the director directly owned 29,330 shares in the company, valued at $2,345,226.80. This represents a 52.10% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 63,900 shares of company stock valued at $5,129,264 in the last three months. 2.20% of the stock is currently owned by company insiders.

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.