Donaldson Company, Inc. (DCI) to Issue Quarterly Dividend of $0.27 on February 28th

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 paid a dividend of 0.27 per share by the industrial products company on Friday, February 28th. This represents a $1.08 annualized dividend and a yield of 1.51%. The ex-dividend date is Thursday, February 13th.

Donaldson has increased its dividend payment by an average of 6.8% annually over the last three years and has raised 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 Price Performance

Shares of NYSE:DCI opened at $71.66 on Friday. The company has a 50-day moving average price of $71.01 and a two-hundred day moving average price of $72.62. Donaldson has a twelve month low of $64.35 and a twelve month high of $78.95. The company has a quick ratio of 1.20, a current ratio of 1.85 and a debt-to-equity ratio of 0.35. The firm has a market capitalization of $8.56 billion, a PE ratio of 20.83, a P/E/G ratio of 1.84 and a beta of 1.06.

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

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Morgan Stanley upped their price objective 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 boosted their price target on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Donaldson has a consensus rating of “Hold” and an average price target of $74.00.

Insider Activity

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now owns 26,420 shares of the company’s stock, valued at approximately $1,785,992. This represents a 34.64 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.70% of the stock is owned by corporate insiders.

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.