Covea Finance Has $2.96 Million Stake in Donaldson Company, Inc. (NYSE:DCI)

Covea Finance raised its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 37.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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.

Several other hedge funds have also recently added to or reduced their stakes in the business. UMB Bank n.a. increased its holdings in shares of Donaldson by 359.2% during the third 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 period. Capital Performance Advisors LLP acquired a new position in Donaldson during the 3rd quarter valued at about $41,000. V Square Quantitative Management LLC raised its position in shares of Donaldson by 52.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company's stock worth $45,000 after buying an additional 207 shares in the last quarter. GAMMA Investing LLC lifted its stake 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 worth $53,000 after acquiring an additional 301 shares during the period. Finally, Headlands Technologies LLC boosted its holdings in shares of Donaldson by 221.0% in the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company's stock valued at $72,000 after acquiring an additional 696 shares in the last quarter. Institutional investors own 82.81% of the company's stock.

Insider Activity

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of Donaldson 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 transaction, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Donaldson Price Performance

Shares of NYSE DCI traded up $0.89 during trading on Wednesday, hitting $69.13. The company had a trading volume of 505,626 shares, compared to its average volume of 449,825. Donaldson Company, Inc. has a 52 week low of $62.77 and a 52 week high of $78.95. The business's 50-day moving average is $72.35 and its 200 day moving average is $72.62. The company has a market cap of $8.26 billion, a P/E ratio of 20.10, a PEG ratio of 1.89 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85.

Donaldson (NYSE:DCI - Get Free Report) last announced 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 business had revenue of $900.10 million during the quarter, compared to the consensus estimate of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson's revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.75 earnings per share. Equities research analysts predict that Donaldson Company, Inc. will post 3.64 earnings per share for the current fiscal year.

Donaldson Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, December 9th. Donaldson's dividend payout ratio (DPR) is currently 31.40%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Donaldson from a "strong-buy" rating to a "buy" rating in a research report on Monday. Morgan Stanley upped their price objective on Donaldson from $67.00 to $68.00 and gave the company an "underweight" rating in a report on Wednesday, December 4th. Finally, Robert W. Baird lifted their target price on Donaldson from $81.00 to $83.00 and gave the stock an "outperform" rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $74.00.

Donaldson Profile

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.