State of Alaska Department of Revenue decreased its stake in Donaldson Company, Inc. (NYSE:DCI) by 5.0% during the 1st quarter, Holdings Channel reports. The firm owned 14,885 shares of the industrial products company’s stock after selling 786 shares during the period. State of Alaska Department of Revenue’s holdings in Donaldson were worth $744,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in DCI. Oregon Public Employees Retirement Fund lifted its holdings in shares of Donaldson by 4,293.4% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,243,003 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 2,191,949 shares during the last quarter. Norges Bank acquired a new stake in Donaldson in the 4th quarter valued at approximately $35,668,000. Morgan Stanley increased its position in Donaldson by 95.8% in the 3rd quarter. Morgan Stanley now owns 615,574 shares of the industrial products company’s stock valued at $35,863,000 after acquiring an additional 301,214 shares during the period. JPMorgan Chase & Co. increased its position in Donaldson by 167.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 238,445 shares of the industrial products company’s stock valued at $13,892,000 after acquiring an additional 149,144 shares during the period. Finally, First Trust Advisors LP increased its position in Donaldson by 511.3% in the 4th quarter. First Trust Advisors LP now owns 160,724 shares of the industrial products company’s stock valued at $6,974,000 after acquiring an additional 134,430 shares during the period. 79.96% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Douglas A. Milroy purchased 560 shares of the stock in a transaction dated Wednesday, March 13th. The shares were bought at an average cost of $49.05 per share, for a total transaction of $27,468.00. Following the transaction, the director now owns 4,449 shares in the company, valued at $218,223.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Tod E. Carpenter sold 4,000 shares of Donaldson stock in a transaction on Friday, March 29th. The shares were sold at an average price of $50.02, for a total value of $200,080.00. Following the transaction, the chairman now owns 102,037 shares in the company, valued at $5,103,890.74. The disclosure for this sale can be found here. 1.35% of the stock is owned by company insiders.

Separately, Zacks Investment Research cut Donaldson from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $55.25.

DCI opened at $53.16 on Tuesday. Donaldson Company, Inc. has a 12 month low of $40.27 and a 12 month high of $59.43. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 2.35. The company has a market capitalization of $6.79 billion, a P/E ratio of 26.58, a price-to-earnings-growth ratio of 2.12 and a beta of 1.43.

Donaldson (NYSE:DCI) last posted its earnings results on Wednesday, March 6th. The industrial products company reported $0.47 EPS for the quarter, missing the consensus estimate of $0.51 by ($0.04). Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The business had revenue of $703.70 million during the quarter, compared to analyst estimates of $719.40 million. During the same quarter in the prior year, the business earned $0.43 earnings per share. The firm’s revenue was up 5.9% compared to the same quarter last year. 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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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.

Further Reading: Calculate Your Return on Investment (ROI)

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Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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