Public Employees Retirement System of Ohio trimmed its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 36.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 45,362 shares of the industrial products company’s stock after selling 26,204 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Donaldson were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently bought and sold shares of the company. Highwater Wealth Management LLC purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $27,000. Riverview Trust Co purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $27,000. Penserra Capital Management LLC purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $34,000. Enlightenment Research LLC purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $48,000. Finally, Clean Yield Group purchased a new position in shares of Donaldson in the 4th quarter valued at approximately $52,000. Institutional investors and hedge funds own 79.96% of the company’s stock.

A number of research firms have recently commented on DCI. Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a research note on Tuesday, April 2nd. Robert W. Baird restated a “hold” rating and issued a $52.00 target price on shares of Donaldson in a research note on Friday, December 21st. Finally, ValuEngine cut Donaldson from a “buy” rating to a “hold” rating in a research note on Tuesday, December 18th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. Donaldson has an average rating of “Hold” and a consensus price target of $55.25.

In other Donaldson news, Chairman Tod E. Carpenter sold 4,000 shares of Donaldson stock in a transaction on Friday, March 29th. The stock was sold at an average price of $50.02, for a total value of $200,080.00. Following the completion of the sale, the chairman now owns 102,037 shares of the company’s stock, valued at approximately $5,103,890.74. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Willard D. Oberton sold 14,400 shares of Donaldson stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $49.10, for a total value of $707,040.00. Following the completion of the sale, the director now directly owns 33,172 shares of the company’s stock, valued at approximately $1,628,745.20. The disclosure for this sale can be found here. 1.35% of the stock is currently owned by insiders.

DCI opened at $51.37 on Wednesday. The company has a market capitalization of $6.73 billion, a PE ratio of 25.69, a PEG ratio of 2.09 and a beta of 1.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.35 and a quick ratio of 1.61. Donaldson Company, Inc. has a 52 week low of $40.27 and a 52 week high of $59.43.

Donaldson (NYSE:DCI) last announced its quarterly earnings data on Wednesday, March 6th. The industrial products company reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.51 by ($0.04). The company had revenue of $703.70 million for the quarter, compared to analysts’ expectations of $719.40 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The firm’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.43 EPS. As a group, research analysts expect that Donaldson Company, Inc. will post 2.33 earnings per share for the current fiscal year.

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About Donaldson

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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