Donaldson Company, Inc. (NYSE:DCI – Get Free Report) declared a quarterly dividend on Monday, November 20th, Wall Street Journal reports. Stockholders of record on Tuesday, December 5th will be given a dividend of 0.25 per share by the industrial products company on Wednesday, December 20th. This represents a $1.00 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, December 4th.
Donaldson has increased its dividend payment by an average of 3.5% annually over the last three years and has increased its dividend every year for the last 37 years. Donaldson has a dividend payout ratio of 31.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Donaldson to earn $3.47 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 28.8%.
Donaldson Trading Down 0.4 %
NYSE:DCI traded down $0.24 during mid-day trading on Monday, hitting $60.14. The company had a trading volume of 550,189 shares, compared to its average volume of 425,701. The firm has a market cap of $7.25 billion, a P/E ratio of 20.67, a P/E/G ratio of 1.82 and a beta of 1.18. Donaldson has a fifty-two week low of $57.05 and a fifty-two week high of $66.96. The business’s fifty day moving average is $59.83 and its two-hundred day moving average is $61.40. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.15 and a current ratio of 1.70.
Insiders Place Their Bets
In other news, Director Douglas A. Milroy sold 26,300 shares of Donaldson stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $63.95, for a total transaction of $1,681,885.00. Following the completion of the transaction, the director now directly owns 2,824 shares in the company, valued at approximately $180,594.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Douglas A. Milroy sold 26,300 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $63.95, for a total value of $1,681,885.00. Following the transaction, the director now owns 2,824 shares of the company’s stock, valued at $180,594.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Amy C. Becker sold 3,000 shares of Donaldson stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $63.84, for a total value of $191,520.00. Following the sale, the insider now directly owns 35,809 shares of the company’s stock, valued at $2,286,046.56. The disclosure for this sale can be found here. Insiders own 2.58% of the company’s stock.
Institutional Trading of Donaldson
A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. lifted its position in Donaldson by 0.8% during the third quarter. Vanguard Group Inc. now owns 12,570,319 shares of the industrial products company’s stock worth $616,072,000 after purchasing an additional 97,879 shares during the period. BlackRock Inc. increased its stake in Donaldson by 3.9% in the first quarter. BlackRock Inc. now owns 10,996,071 shares of the industrial products company’s stock valued at $571,026,000 after acquiring an additional 413,360 shares during the last quarter. State Street Corp lifted its stake in Donaldson by 2.0% during the third quarter. State Street Corp now owns 6,900,690 shares of the industrial products company’s stock worth $338,203,000 after purchasing an additional 132,979 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its holdings in shares of Donaldson by 1.4% in the 1st quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,991,440 shares of the industrial products company’s stock valued at $130,121,000 after purchasing an additional 27,945 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of Donaldson by 7.1% in the 1st quarter. First Trust Advisors LP now owns 1,354,847 shares of the industrial products company’s stock valued at $70,357,000 after purchasing an additional 90,180 shares during the last quarter. Institutional investors own 80.35% of the company’s stock.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the stock. Robert W. Baird boosted their price objective on shares of Donaldson from $67.00 to $69.00 and gave the company an “outperform” rating in a research report on Wednesday, August 30th. StockNews.com lowered shares of Donaldson from a “strong-buy” rating to a “buy” rating in a research report on Thursday, October 19th.
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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