Covea Finance Has $4.09 Million Holdings in Donaldson Company, Inc. (NYSE:DCI)

Covea Finance increased its holdings in shares of Donaldson Company, Inc. (NYSE:DCI - Free Report) by 38.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 61,000 shares of the industrial products company's stock after acquiring an additional 17,000 shares during the period. Covea Finance owned about 0.05% of Donaldson worth $4,091,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in DCI. IFP Advisors Inc grew its stake in shares of Donaldson by 94.5% in the 4th quarter. IFP Advisors Inc now owns 2,745 shares of the industrial products company's stock valued at $185,000 after purchasing an additional 1,334 shares during the period. Wealth Enhancement Advisory Services LLC raised its stake in Donaldson by 2.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 379,925 shares of the industrial products company's stock worth $25,478,000 after acquiring an additional 7,663 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Donaldson during the first quarter valued at $912,000. JPMorgan Chase & Co. increased its position in shares of Donaldson by 7.1% during the 4th quarter. JPMorgan Chase & Co. now owns 470,602 shares of the industrial products company's stock worth $31,695,000 after purchasing an additional 31,064 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Donaldson by 38.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 574,146 shares of the industrial products company's stock valued at $38,669,000 after purchasing an additional 158,487 shares during the last quarter. Institutional investors own 82.81% of the company's stock.

Insider Activity at Donaldson

In other Donaldson news, Director James Owens sold 18,700 shares of Donaldson stock in a transaction dated Thursday, April 10th. The stock was sold at an average price of $62.02, for a total transaction of $1,159,774.00. Following the transaction, the director now directly owns 20,246 shares in the company, valued at approximately $1,255,656.92. The trade was a 48.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is currently owned by corporate insiders.

Donaldson Trading Up 0.4%

DCI traded up $0.27 during mid-day trading on Tuesday, reaching $69.39. The stock had a trading volume of 480,564 shares, compared to its average volume of 562,928. The stock has a market capitalization of $8.09 billion, a P/E ratio of 23.29, a P/E/G ratio of 1.77 and a beta of 1.00. Donaldson Company, Inc. has a 52 week low of $57.45 and a 52 week high of $78.95. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.24 and a current ratio of 1.94. The firm's fifty day simple moving average is $67.80 and its two-hundred day simple moving average is $68.23.

Donaldson (NYSE:DCI - Get Free Report) last released its earnings results on Tuesday, June 3rd. The industrial products company reported $0.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.04. Donaldson had a net margin of 9.94% and a return on equity of 28.86%. The company had revenue of $940.10 million for the quarter, compared to the consensus estimate of $936.02 million. During the same period in the prior year, the company posted $0.92 EPS. The company's revenue was up 1.3% compared to the same quarter last year. On average, equities analysts predict that Donaldson Company, Inc. will post 3.64 EPS for the current year.

Donaldson Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Monday, June 16th. This is a boost from Donaldson's previous quarterly dividend of $0.27. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.73%. Donaldson's dividend payout ratio is 40.27%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DCI. Wall Street Zen cut Donaldson from a "strong-buy" rating to a "buy" rating in a report on Tuesday, March 4th. Morgan Stanley restated an "underweight" rating and issued a $69.00 target price (up from $65.00) on shares of Donaldson in a research note on Friday, June 6th. Stifel Nicolaus reduced their price target on shares of Donaldson from $70.00 to $63.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Robert W. Baird increased their price objective on shares of Donaldson from $76.00 to $78.00 and gave the stock an "outperform" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $70.00.

Donaldson Company 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.