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. 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 1.54%.

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

Donaldson stock opened at $70.33 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. Donaldson has a fifty-two week low of $64.34 and a fifty-two week high of $78.95. The stock has a fifty day moving average of $71.10 and a two-hundred day moving average of $72.63. The company has a market capitalization of $8.40 billion, a price-to-earnings ratio of 20.44, a PEG ratio of 1.87 and a beta of 1.06.

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

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Donaldson

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