Covea Finance boosted its position in shares of Donaldson Company, Inc. (NYSE:DCI – Free Report) by 37.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 44,000 shares of the industrial products company’s stock after acquiring an additional 12,000 shares during the quarter. Covea Finance’s holdings in Donaldson were worth $2,963,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UMB Bank n.a. increased its holdings in shares of 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 acquiring an additional 273 shares during the period. Capital Performance Advisors LLP purchased a new position in Donaldson during the 3rd quarter worth $41,000. V Square Quantitative Management LLC increased its stake in Donaldson by 52.0% in the third quarter. V Square Quantitative Management LLC now owns 605 shares of the industrial products company’s stock valued at $45,000 after purchasing an additional 207 shares during the period. GAMMA Investing LLC raised its holdings in shares of Donaldson by 72.0% in the third 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 last quarter. Finally, Headlands Technologies LLC boosted its stake in shares of Donaldson by 221.0% during the second quarter. Headlands Technologies LLC now owns 1,011 shares of the industrial products company’s stock worth $72,000 after buying an additional 696 shares during the period. Hedge funds and other institutional investors own 82.81% of the company’s stock.
Insider Transactions at Donaldson
In related news, Director Trudy A. Rautio sold 14,000 shares of Donaldson stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the transaction, the director now directly owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. The trade was a 34.64 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 2.70% of the company’s stock.
Donaldson Trading Up 1.9 %
Donaldson (NYSE:DCI – Get Free Report) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business had revenue of $900.10 million for the quarter, compared to analysts’ expectations of $888.88 million. During the same period in the prior year, the company posted $0.75 EPS. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.
Donaldson Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.58%. Donaldson’s payout ratio is 31.40%.
Wall Street Analysts Forecast Growth
Several analysts have commented on DCI shares. StockNews.com downgraded Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Monday. Robert W. Baird upped their price target on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, Morgan Stanley increased their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One 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. Based on data from MarketBeat.com, Donaldson presently has a consensus rating of “Hold” and an average price target of $74.00.
Read Our Latest Stock Report on DCI
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.
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