Covea Finance Raises Stake in Donaldson Company, Inc. $DCI

Key Points

• Covea Finance has significantly increased its stake in Donaldson Company, Inc. by 40.5%, now owning 85,700 shares worth approximately $5.94 million.
• Insider transactions show notable sales, including Amy C. Becker selling 18,500 shares and President Guillermo Briseno selling 13,500 shares, both resulting in significant decreases in their ownership.
• Donaldson reported a 4.8% year-on-year revenue increase for the last quarter, with earnings per share of $1.03, slightly surpassing analysts' expectations.

Covea Finance increased its stake in Donaldson Company, Inc. (NYSE:DCI - Free Report) by 40.5% during the second quarter, according to its most recent filing with the SEC. The fund owned 85,700 shares of the industrial products company's stock after buying an additional 24,700 shares during the quarter. Covea Finance owned 0.07% of Donaldson worth $5,943,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financiere des Professionnels Fonds d investissement inc. bought a new stake in shares of Donaldson during the second quarter valued at about $166,000. Kingstone Capital Partners Texas LLC bought a new position in shares of Donaldson in the second quarter worth approximately $679,475,000. Trust Point Inc. boosted its stake in Donaldson by 7.9% in the second quarter. Trust Point Inc. now owns 3,756 shares of the industrial products company's stock worth $260,000 after buying an additional 274 shares in the last quarter. Focus Financial Network Inc. boosted its stake in Donaldson by 0.7% in the second quarter. Focus Financial Network Inc. now owns 35,002 shares of the industrial products company's stock worth $2,427,000 after buying an additional 248 shares in the last quarter. Finally, Kera Capital Partners Inc. purchased a new stake in shares of Donaldson during the second quarter valued at approximately $322,000. 82.81% of the stock is currently owned by institutional investors.

Insider Transactions at Donaldson

In other news, insider Amy C. Becker sold 18,500 shares of the business's stock in a transaction that occurred on Thursday, August 28th. The stock was sold at an average price of $81.71, for a total transaction of $1,511,635.00. Following the completion of the transaction, the insider directly owned 44,645 shares in the company, valued at approximately $3,647,942.95. The trade was a 29.30% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, President Guillermo Briseno sold 13,500 shares of the company's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $79.03, for a total value of $1,066,905.00. Following the completion of the sale, the president owned 25,309 shares of the company's stock, valued at $2,000,170.27. This trade represents a 34.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 63,900 shares of company stock valued at $5,129,264. 2.70% of the stock is currently owned by insiders.

Donaldson Trading Down 0.2%

DCI opened at $80.93 on Tuesday. Donaldson Company, Inc. has a one year low of $57.45 and a one year high of $83.31. The company has a market cap of $9.43 billion, a P/E ratio of 26.53, a PEG ratio of 1.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. The business's 50-day simple moving average is $75.66 and its 200-day simple moving average is $70.47.

Donaldson (NYSE:DCI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 27th. The industrial products company reported $1.03 earnings per share for the quarter, topping analysts' consensus estimates of $1.02 by $0.01. The company had revenue of $980.70 million during the quarter, compared to analysts' expectations of $951.59 million. Donaldson had a return on equity of 29.50% and a net margin of 9.94%.The firm's revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.94 EPS. Donaldson has set its FY 2026 guidance at 3.920-4.080 EPS. As a group, equities research analysts expect that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 27th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date was Tuesday, August 12th. Donaldson's payout ratio is currently 39.34%.

Wall Street Analyst Weigh In

A number of analysts recently commented on DCI shares. Wall Street Zen lowered Donaldson from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Robert W. Baird lifted their price objective on Donaldson from $78.00 to $85.00 and gave the stock an "outperform" rating in a report on Friday, August 29th. Stifel Nicolaus boosted their price objective on Donaldson from $69.00 to $84.00 and gave the company a "hold" rating in a research note on Thursday, August 28th. Finally, Morgan Stanley boosted their price objective on Donaldson from $69.00 to $72.00 and gave the company an "underweight" rating in a research note on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $80.33.

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.

Want to see what other hedge funds are holding DCI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Donaldson Company, Inc. (NYSE:DCI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.