New York State Teachers Retirement System lessened its holdings in shares of Donaldson Company, Inc. (NYSE:DCI) by 2.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 186,739 shares of the industrial products company’s stock after selling 4,800 shares during the quarter. New York State Teachers Retirement System owned about 0.14% of Donaldson worth $8,579,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BNP Paribas Arbitrage SA boosted its position in shares of Donaldson by 68.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 49,853 shares of the industrial products company’s stock valued at $2,270,000 after acquiring an additional 20,345 shares during the last quarter. Zacks Investment Management bought a new stake in Donaldson in the 2nd quarter worth approximately $294,000. American Century Companies Inc. lifted its position in Donaldson by 1.3% in the 2nd quarter. American Century Companies Inc. now owns 1,203,977 shares of the industrial products company’s stock worth $54,829,000 after buying an additional 15,748 shares during the last quarter. Koch Industries Inc. bought a new stake in Donaldson in the 2nd quarter worth approximately $618,000. Finally, Blair William & Co. IL lifted its position in Donaldson by 3.6% in the second quarter. Blair William & Co. IL now owns 24,116 shares of the industrial products company’s stock valued at $1,098,000 after purchasing an additional 830 shares during the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

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Several equities analysts have recently issued reports on DCI shares. BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research cut Donaldson from a “buy” rating to a “hold” rating in a research note on Wednesday, August 9th. Stifel Nicolaus set a $48.00 price target on Donaldson and gave the stock a “hold” rating in a research note on Friday, August 18th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of Donaldson in a research note on Thursday, September 7th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $47.00 price target on shares of Donaldson in a research note on Friday, September 8th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $48.00.

Shares of Donaldson Company, Inc. (DCI) opened at $47.24 on Thursday. Donaldson Company, Inc. has a 12 month low of $36.69 and a 12 month high of $48.91. The company has a market capitalization of $6,179.58, a price-to-earnings ratio of 28.15, a PEG ratio of 2.29 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.38 and a debt-to-equity ratio of 0.63.

Donaldson (NYSE:DCI) last released its earnings results on Thursday, September 7th. The industrial products company reported $0.51 EPS for the quarter, missing analysts’ consensus estimates of $0.53 by ($0.02). The company had revenue of $660.10 million during the quarter, compared to analysts’ expectations of $634.41 million. Donaldson had a return on equity of 28.14% and a net margin of 9.81%. The company’s revenue was up 11.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.46 earnings per share. equities research analysts anticipate that Donaldson Company, Inc. will post 1.88 EPS for the current year.

Donaldson Profile

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.

Institutional Ownership by Quarter for Donaldson (NYSE:DCI)

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