Donaldson Company, Inc. Declares Quarterly Dividend of $0.27 (NYSE:DCI)

Donaldson Company, Inc. (NYSE:DCIGet Free Report) announced a quarterly dividend on Friday, November 22nd,RTT News reports. Stockholders of record on Monday, December 9th will be paid a dividend of 0.27 per share by the industrial products company on Monday, December 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%.

Donaldson has raised its dividend payment by an average of 5.3% per year over the last three years and has increased its dividend annually for the last 38 consecutive years. Donaldson has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Donaldson to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 27.1%.

Donaldson Price Performance

Shares of Donaldson stock opened at $77.44 on Friday. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 22.91, a price-to-earnings-growth ratio of 2.00 and a beta of 1.04. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The company has a fifty day moving average of $74.43 and a 200-day moving average of $73.33. Donaldson has a 52-week low of $58.75 and a 52-week high of $78.71.

Donaldson (NYSE:DCIGet Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.88 by $0.06. The business had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. Equities research analysts expect that Donaldson will post 3.63 EPS for the current year.

Insiders Place Their Bets

In other Donaldson news, CEO Tod E. Carpenter sold 30,919 shares of the company’s stock in a transaction on Monday, September 23rd. The shares were sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. This represents a 10.75 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James Owens sold 5,210 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total transaction of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares of the company’s stock, valued at approximately $1,276,111.12. The trade was a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 167,805 shares of company stock worth $12,310,222. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DCI has been the subject of several analyst reports. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. Stifel Nicolaus dropped their price target on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Donaldson currently has a consensus rating of “Hold” and a consensus price target of $69.67.

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About Donaldson

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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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Dividend History for Donaldson (NYSE:DCI)

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