Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Friday, November 17th, RTT News reports. Stockholders of record on Wednesday, December 6th will be given a dividend of 0.18 per share by the industrial products company on Thursday, December 21st. This represents a $0.72 annualized dividend and a dividend yield of 1.49%. The ex-dividend date of this dividend is Tuesday, December 5th.
Donaldson has raised its dividend payment by an average of 11.6% per year over the last three years and has raised its dividend annually for the last 32 consecutive years. Donaldson has a payout ratio of 38.1% indicating that its dividend is sufficiently covered by earnings. Analysts expect Donaldson to earn $2.10 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 34.3%.
Shares of Donaldson (NYSE:DCI) opened at $48.41 on Monday. Donaldson has a fifty-two week low of $41.28 and a fifty-two week high of $50.10. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.90 and a quick ratio of 2.13. The firm has a market capitalization of $6,288.70, a PE ratio of 27.35, a PEG ratio of 2.30 and a beta of 1.21.
Donaldson (NYSE:DCI) last posted its earnings results on Thursday, November 30th. The industrial products company reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.04. Donaldson had a return on equity of 28.49% and a net margin of 9.57%. The business had revenue of $644.80 million during the quarter, compared to the consensus estimate of $602.02 million. During the same period in the previous year, the business earned ($0.05) EPS. The business’s quarterly revenue was up 16.6% on a year-over-year basis. analysts anticipate that Donaldson will post 1.9 earnings per share for the current fiscal year.
Several analysts have recently weighed in on the company. SunTrust Banks reissued a “hold” rating and issued a $50.00 target price on shares of Donaldson in a report on Friday. Oppenheimer reissued a “hold” rating on shares of Donaldson in a report on Friday. Zacks Investment Research downgraded Donaldson from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. Jefferies Group reissued a “buy” rating and issued a $57.00 target price on shares of Donaldson in a report on Friday. Finally, BidaskClub raised Donaldson from a “hold” rating to a “buy” rating in a report on Wednesday, August 23rd. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Donaldson presently has a consensus rating of “Hold” and a consensus target price of $50.60.
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Donaldson Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 44 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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