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

Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Wednesday, January 29th,RTT News reports. Investors of record on Thursday, February 13th will be given a dividend of 0.27 per share by the industrial products company on Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date is Thursday, February 13th.

Donaldson has raised its dividend payment by an average of 6.8% per year over the last three years and has increased its dividend every year for the last 29 years. Donaldson has a dividend payout ratio of 27.3% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 0.4 %

DCI opened at $70.44 on Tuesday. The company has a fifty day moving average price of $69.95 and a 200-day moving average price of $72.46. The firm has a market capitalization of $8.41 billion, a P/E ratio of 20.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.85 and a quick ratio of 1.20. Donaldson has a one year low of $65.60 and a one year high of $78.95.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $900.10 million during the quarter, compared to analyst estimates of $888.88 million. Donaldson had a net margin of 11.56% and a return on equity of 29.07%. The business’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. Equities research analysts expect that Donaldson will post 3.64 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research note on Wednesday, December 4th. StockNews.com upgraded shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Saturday. Finally, Robert W. Baird increased their price target on shares of Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. 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’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $74.00.

Insider Buying and Selling at Donaldson

In other news, Director Trudy A. Rautio sold 14,000 shares of the business’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $67.60, for a total value of $946,400.00. Following the sale, the director now directly owns 26,420 shares in the company, valued at $1,785,992. The trade was a 34.64 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 2.70% of the stock is currently owned by insiders.

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.