Donaldson Company, Inc. (NYSE:DCI) Increases Dividend to $0.32 Per Share

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Friday, May 29th. Shareholders of record on Monday, June 15th will be paid a dividend of 0.32 per share by the industrial products company on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Monday, June 15th. This is a 6.7% increase from Donaldson’s previous quarterly dividend of $0.30.

Donaldson has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 38 years. Donaldson has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Donaldson to earn $4.36 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 29.4%.

Donaldson Stock Performance

DCI traded up $0.93 during midday trading on Friday, reaching $86.32. The company had a trading volume of 599,967 shares, compared to its average volume of 804,648. The company has a quick ratio of 1.55, a current ratio of 2.35 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average of $85.78 and a two-hundred day moving average of $91.69. The company has a market cap of $10.01 billion, a P/E ratio of 23.20, a P/E/G ratio of 2.16 and a beta of 0.95. Donaldson has a 1 year low of $67.71 and a 1 year high of $112.84.

Donaldson (NYSE:DCI) last issued its quarterly earnings results on Tuesday, June 2nd. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The business had revenue of $995.10 million during the quarter, compared to analysts’ expectations of $973.65 million. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.99 earnings per share. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. As a group, equities research analysts predict that Donaldson will post 3.96 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on the company. Weiss Ratings upgraded Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Wall Street Zen raised Donaldson from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Morgan Stanley decreased their price target on Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Finally, UBS Group set a $96.00 price target on Donaldson in a report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $97.83.

Donaldson Company Profile

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.