Teacher Retirement System of Texas Sells 13,559 Shares of Donaldson Company, Inc. $DCI

Teacher Retirement System of Texas cut its position in Donaldson Company, Inc. (NYSE:DCI) by 11.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 103,529 shares of the industrial products company’s stock after selling 13,559 shares during the period. Teacher Retirement System of Texas owned approximately 0.09% of Donaldson worth $7,180,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DCI. Kingstone Capital Partners Texas LLC purchased a new position in Donaldson in the second quarter worth about $679,475,000. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Donaldson by 75.3% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock worth $223,350,000 after buying an additional 1,430,120 shares during the last quarter. Carnegie Investment Counsel purchased a new position in Donaldson in the first quarter worth about $23,147,000. Fiduciary Management Inc. WI raised its holdings in Donaldson by 13.1% in the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock worth $167,634,000 after buying an additional 290,477 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Donaldson by 32.4% in the first quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company’s stock worth $77,636,000 after buying an additional 286,598 shares during the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Insider Activity at Donaldson

In related news, Director Trudy A. Rautio sold 31,900 shares of the business’s stock in a transaction that occurred on Thursday, August 28th. The shares were 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 approximately $2,345,226.80. The trade was a 52.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Amy C. Becker sold 18,500 shares of the stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the completion of 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 63,900 shares of company stock worth $5,129,264. 2.20% of the stock is owned by company insiders.

Donaldson Stock Performance

Shares of NYSE DCI opened at $83.74 on Friday. The firm has a 50 day moving average of $81.23 and a 200 day moving average of $73.58. The company has a current ratio of 1.93, a quick ratio of 1.25 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $9.70 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 1.98 and a beta of 0.99. Donaldson Company, Inc. has a 12-month low of $57.45 and a 12-month high of $84.88.

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

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.