Donaldson Company, Inc. (NYSE:DCI) Plans $0.27 Quarterly Dividend

Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Friday, November 22nd,RTT News reports. Shareholders of record on Monday, December 9th will be given a dividend of 0.27 per share by the industrial products company on Monday, December 23rd. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.39%.

Donaldson has increased its dividend by an average of 5.3% annually over the last three years and has raised its dividend annually for the last 38 consecutive years. Donaldson has a payout ratio of 29.8% 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 Price Performance

Donaldson stock opened at $77.44 on Friday. Donaldson has a 52-week low of $58.75 and a 52-week high of $78.71. The stock’s 50 day moving average price is $74.43 and its two-hundred day moving average price is $73.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.23 and a current ratio of 1.84. The stock has a market capitalization of $9.27 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.00 and a beta of 1.04.

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

Wall Street Analyst Weigh In

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

Insider Buying and Selling

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

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.