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

Donaldson Company, Inc. (NYSE:DCI - Get Free Report) declared a quarterly dividend on Friday, November 22nd,RTT News reports. Investors 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 payment by an average of 5.3% annually over the last three years and has raised its dividend every year for the last 38 years. Donaldson has a dividend payout ratio of 29.8% meaning 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 Stock Up 2.1 %

Shares of NYSE DCI traded up $1.59 during trading on Friday, hitting $77.60. The stock had a trading volume of 346,948 shares, compared to its average volume of 485,062. Donaldson has a 12 month low of $58.75 and a 12 month high of $78.71. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.84 and a quick ratio of 1.23. The company has a market capitalization of $9.29 billion, a PE ratio of 22.49, a PEG ratio of 1.98 and a beta of 1.04. The firm has a fifty day moving average of $74.30 and a two-hundred day moving average of $73.31.

Donaldson (NYSE:DCI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.88 by $0.06. The firm had revenue of $935.40 million for the quarter, compared to the consensus estimate of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. As a group, equities research analysts forecast that Donaldson will post 3.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Stifel Nicolaus cut their price target on Donaldson from $76.00 to $71.00 and set a "hold" rating for the company in a research note on Thursday, August 29th. StockNews.com upgraded Donaldson from a "buy" rating to a "strong-buy" rating in a research note on Saturday, September 28th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $69.67.

Insider Buying and Selling at Donaldson

In other Donaldson news, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.69, for a total value of $2,247,502.11. Following the completion of the sale, the chief executive officer now directly owns 256,742 shares in the company, valued at approximately $18,662,575.98. This trade represents a 10.75 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James Owens sold 5,210 shares of the firm's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $71.74, for a total value of $373,765.40. Following the completion of the transaction, the director now owns 17,788 shares of the company's stock, valued at approximately $1,276,111.12. The trade was a 22.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 167,805 shares of company stock valued at $12,310,222 in the last quarter. 2.70% of the stock is owned by 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.

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