Teacher Retirement System of Texas raised its stake in Donaldson Company, Inc. (NYSE:DCI) by 308.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,347 shares of the industrial products company’s stock after buying an additional 31,970 shares during the period. Teacher Retirement System of Texas’ holdings in Donaldson were worth $2,073,000 at the end of the most recent quarter.
Several other institutional investors have also made changes to their positions in DCI. CIBC Asset Management Inc bought a new stake in shares of Donaldson in the third quarter worth about $201,000. Magnetar Financial LLC bought a new stake in shares of Donaldson in the third quarter worth about $201,000. BB&T Corp bought a new stake in shares of Donaldson in the fourth quarter worth about $210,000. Verition Fund Management LLC bought a new stake in shares of Donaldson in the second quarter worth about $221,000. Finally, DekaBank Deutsche Girozentrale bought a new stake in shares of Donaldson in the third quarter worth about $226,000. Institutional investors own 78.31% of the company’s stock.
Donaldson Company, Inc. (NYSE DCI) opened at $48.34 on Friday. The company has a current ratio of 2.90, a quick ratio of 2.13 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $6,230.37, a PE ratio of 27.10, a P/E/G ratio of 2.17 and a beta of 1.10. Donaldson Company, Inc. has a fifty-two week low of $41.76 and a fifty-two week high of $52.20.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 6th. Investors of record on Wednesday, February 14th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.49%. Donaldson’s payout ratio is presently 40.68%.
DCI has been the subject of several recent analyst reports. Zacks Investment Research downgraded Donaldson from a “hold” rating to a “sell” rating in a report on Wednesday, November 8th. SunTrust Banks restated a “hold” rating and issued a $46.00 price target on shares of Donaldson in a report on Friday, October 27th. Jefferies Group restated a “buy” rating and issued a $57.00 price target on shares of Donaldson in a report on Friday, December 1st. Oppenheimer restated a “hold” rating on shares of Donaldson in a report on Monday, December 18th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $53.00 price target (up from $50.00) on shares of Donaldson in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $52.00.
In related news, insider Melissa A. Osland sold 1,453 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $48.26, for a total transaction of $70,121.78. Following the completion of the transaction, the insider now directly owns 4,174 shares in the company, valued at $201,437.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 1.09% of the stock is currently owned by company insiders.
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Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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