Covea Finance Sells 23,800 Shares of Donaldson Company, Inc. $DCI

Covea Finance lowered its stake in shares of Donaldson Company, Inc. (NYSE:DCI) by 27.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,900 shares of the industrial products company’s stock after selling 23,800 shares during the quarter. Covea Finance owned about 0.05% of Donaldson worth $5,067,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of DCI. Kingstone Capital Partners Texas LLC bought a new position in shares of Donaldson during the 2nd quarter worth about $679,475,000. Norges Bank acquired a new stake in Donaldson during the second quarter worth about $68,759,000. AQR Capital Management LLC increased its stake in Donaldson by 32.4% during the first quarter. AQR Capital Management LLC now owns 1,172,395 shares of the industrial products company’s stock valued at $77,636,000 after acquiring an additional 286,598 shares during the period. Swedbank AB increased its stake in Donaldson by 98.5% during the first quarter. Swedbank AB now owns 514,800 shares of the industrial products company’s stock valued at $34,522,000 after acquiring an additional 255,400 shares during the period. Finally, Boston Trust Walden Corp raised its holdings in Donaldson by 7.8% in the 2nd quarter. Boston Trust Walden Corp now owns 2,825,916 shares of the industrial products company’s stock valued at $195,977,000 after acquiring an additional 203,957 shares in the last quarter. 82.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Bradley J. Pogalz sold 566 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total transaction of $51,828.62. Following the sale, the chief financial officer owned 434 shares in the company, valued at approximately $39,741.38. This represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ajita G. Rajendra sold 19,800 shares of the firm’s stock in a transaction on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the sale, the director owned 43,993 shares of the company’s stock, valued at approximately $4,049,115.72. This trade represents a 31.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.20% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on DCI. Morgan Stanley raised Donaldson from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $72.00 to $84.00 in a report on Monday, November 24th. Wall Street Zen upgraded shares of Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Robert W. Baird set a $100.00 price objective on shares of Donaldson in a research note on Friday, December 5th. Stifel Nicolaus raised their price objective on shares of Donaldson from $90.00 to $96.00 and gave the stock a “hold” rating in a report on Friday, December 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Donaldson in a research note on Tuesday, October 14th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $93.33.

Donaldson Price Performance

NYSE:DCI opened at $91.98 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.15 and a debt-to-equity ratio of 0.44. The firm has a market cap of $10.61 billion, a PE ratio of 28.65, a price-to-earnings-growth ratio of 2.25 and a beta of 0.99. Donaldson Company, Inc. has a 12 month low of $57.45 and a 12 month high of $95.00. The company’s 50-day moving average price is $87.91 and its two-hundred day moving average price is $79.61.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, December 4th. The industrial products company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.01. The company had revenue of $935.40 million during the quarter, compared to analyst estimates of $922.68 million. Donaldson had a net margin of 10.25% and a return on equity of 30.24%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the business posted $0.83 earnings per share. Donaldson has set its FY 2026 guidance at 3.950-4.110 EPS. On average, equities analysts anticipate that Donaldson Company, Inc. will post 3.64 EPS for the current fiscal year.

Donaldson Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Friday, December 5th were given a $0.30 dividend. The ex-dividend date was Friday, December 5th. This represents a $1.20 annualized dividend and a yield of 1.3%. Donaldson’s payout ratio is presently 37.38%.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.