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

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 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date is Thursday, February 13th.

Donaldson has raised its dividend 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% meaning 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 Trading Up 2.0 %

NYSE:DCI opened at $71.66 on Friday. Donaldson has a 12 month low of $64.35 and a 12 month high of $78.95. The company has a current ratio of 1.85, a quick ratio of 1.20 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average price of $71.01 and a 200-day moving average price of $72.62. The stock has a market cap of $8.56 billion, a price-to-earnings ratio of 20.83, a P/E/G ratio of 1.84 and a beta of 1.06.

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

Insider Buying and Selling

In other news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction 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 transaction, the director now directly owns 26,420 shares of the company’s stock, valued at $1,785,992. This represents a 34.64 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Robert W. Baird upped their price objective on shares of Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a report on Wednesday, December 4th. Morgan Stanley upped their price target on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a research note on Wednesday, December 4th. Finally, StockNews.com cut Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Donaldson has an average rating of “Hold” and an average target price of $74.00.

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.