Covea Finance Increases Stock Position in Donaldson Company, Inc. (NYSE:DCI)

Covea Finance raised its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 37.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,000 shares of the industrial products company’s stock after acquiring an additional 12,000 shares during the period. Covea Finance’s holdings in Donaldson were worth $2,963,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Donaldson by 359.2% in the 3rd quarter. UMB Bank n.a. now owns 349 shares of the industrial products company’s stock valued at $26,000 after purchasing an additional 273 shares during the last quarter. Capital Performance Advisors LLP acquired a new stake in shares of Donaldson in the third quarter valued at $41,000. V Square Quantitative Management LLC raised its holdings in shares of Donaldson by 52.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after buying an additional 207 shares during the period. GAMMA Investing LLC raised its holdings in shares of Donaldson by 72.0% in the 3rd quarter. GAMMA Investing LLC now owns 719 shares of the industrial products company’s stock valued at $53,000 after buying an additional 301 shares during the period. Finally, Headlands Technologies LLC lifted its stake in Donaldson by 221.0% during the 2nd quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock worth $72,000 after acquiring an additional 696 shares in the last quarter. 82.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

DCI has been the topic of a number of recent research reports. Robert W. Baird boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Morgan Stanley upped their target price on shares of Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Monday. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, Donaldson presently has an average rating of “Hold” and an average target price of $74.00.

Donaldson Trading Up 1.9 %

NYSE DCI opened at $68.27 on Wednesday. Donaldson Company, Inc. has a 52 week low of $62.77 and a 52 week high of $78.95. The firm has a 50 day moving average of $72.50 and a two-hundred day moving average of $72.64. The stock has a market capitalization of $8.15 billion, a PE ratio of 19.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.06. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last posted its earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.75 earnings per share. As a group, research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date was Monday, December 9th. Donaldson’s dividend payout ratio (DPR) is 31.40%.

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.