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

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Shareholders of record on Thursday, February 13th will be paid 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 dividend yield of 1.54%.

Donaldson has raised its dividend payment by an average of 6.8% per year over the last three years and has increased its dividend annually for the last 29 consecutive years. Donaldson has a dividend payout ratio of 27.3% 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 Stock Down 1.0 %

Shares of NYSE DCI traded down $0.71 during mid-day trading on Wednesday, reaching $70.33. The company had a trading volume of 612,154 shares, compared to its average volume of 505,942. The stock has a market capitalization of $8.40 billion, a PE ratio of 20.44, a price-to-earnings-growth ratio of 1.87 and a beta of 1.06. Donaldson has a twelve month low of $64.34 and a twelve month high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock’s 50 day moving average is $71.19 and its 200-day moving average is $72.64.

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

Insider Activity

In related news, Director Trudy A. Rautio sold 14,000 shares of the 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 completion of the sale, the director now owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.70% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on DCI. Robert W. Baird increased their price objective on Donaldson from $81.00 to $83.00 and gave the company an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley lifted their price target on shares of Donaldson from $67.00 to $68.00 and gave the company an “underweight” rating in a research report on Wednesday, December 4th. Finally, StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Donaldson presently has an average rating of “Hold” and an average target price of $74.00.

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.