State Board of Administration of Florida Retirement System Has $9.29 Million Stock Position in Donaldson Company, Inc. $DCI

State Board of Administration of Florida Retirement System lowered its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 18.3% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 133,925 shares of the industrial products company’s stock after selling 29,898 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Donaldson were worth $9,288,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Kingstone Capital Partners Texas LLC acquired a new stake in shares of Donaldson in the second quarter valued at approximately $679,475,000. Kayne Anderson Rudnick Investment Management LLC raised its stake in Donaldson by 75.3% in 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 acquiring an additional 1,430,120 shares during the period. Fiduciary Management Inc. WI raised its stake in Donaldson by 13.1% in 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 acquiring an additional 290,477 shares during the period. AQR Capital Management LLC lifted its holdings in Donaldson by 32.4% during the 1st quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company’s stock valued at $77,636,000 after purchasing an additional 286,598 shares during the last quarter. Finally, Swedbank AB boosted its position in Donaldson by 98.5% during the first quarter. Swedbank AB now owns 514,800 shares of the industrial products company’s stock worth $34,522,000 after purchasing an additional 255,400 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DCI shares. Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a research report on Friday, October 3rd. Stifel Nicolaus lifted their target price on shares of Donaldson from $84.00 to $90.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $72.00 to $84.00 in a report on Monday, November 24th. Robert W. Baird raised their price objective on shares of Donaldson from $78.00 to $85.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Donaldson presently has an average rating of “Moderate Buy” and a consensus price target of $86.33.

Donaldson Price Performance

NYSE:DCI opened at $88.26 on Wednesday. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $90.94. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. The firm’s 50-day simple moving average is $84.48 and its 200 day simple moving average is $77.09. The firm has a market cap of $10.22 billion, a price-to-earnings ratio of 28.94, a P/E/G ratio of 2.19 and a beta of 0.99.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share (EPS) for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The firm had revenue of $802.50 million during the quarter. As a group, sell-side analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current year.

Donaldson Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Friday, December 5th will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $1.20 dividend on an annualized basis and a yield of 1.4%. Donaldson’s dividend payout ratio is currently 39.34%.

Donaldson 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.