Donaldson Company, Inc. (DCI) to Issue Quarterly Dividend of $0.27 on December 23rd

Donaldson Company, Inc. (NYSE:DCI) declared 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 annualized dividend 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 raised its dividend annually for the last 38 consecutive years. Donaldson has a dividend payout ratio of 29.8% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Performance

Shares of NYSE DCI opened at $77.45 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32. The stock has a 50 day simple moving average of $74.43 and a 200-day simple moving average of $73.31. The company has a market cap of $9.27 billion, a PE ratio of 22.91, a P/E/G ratio of 2.00 and a beta of 1.04. Donaldson has a 12-month low of $58.75 and a 12-month high of $78.71.

Donaldson (NYSE:DCI) last announced its earnings results on Wednesday, August 28th. The industrial products company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.88 by $0.06. Donaldson had a return on equity of 29.47% and a net margin of 11.54%. The firm had revenue of $935.40 million for the quarter, compared to analysts’ expectations of $941.12 million. On average, equities research analysts forecast that Donaldson will post 3.63 EPS for the current year.

Insider Buying and Selling at Donaldson

In other Donaldson news, insider Amy C. Becker sold 14,500 shares of the business’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $72.89, for a total transaction of $1,056,905.00. Following the sale, the insider now directly owns 41,368 shares of the company’s stock, valued at $3,015,313.52. The trade was a 25.95 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Thomas R. Scalf sold 2,500 shares of the business’s stock in a transaction on Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total transaction of $182,900.00. Following the sale, the president now directly owns 28,334 shares in the company, valued at approximately $2,072,915.44. This trade represents a 8.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 167,805 shares of company stock valued at $12,310,222. Corporate insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

Donaldson Company Profile

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.