Donaldson Company, Inc. (NYSE:DCI) Announces Quarterly Dividend of $0.25

Donaldson Company, Inc. (NYSE:DCI) 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.

Donaldson (NYSE:DCI) last issued its earnings results on Tuesday, August 29th. The industrial products company reported $0.78 EPS for the quarter, meeting the consensus estimate of $0.78. Donaldson had a net margin of 10.46% and a return on equity of 30.21%. The firm had revenue of $879.50 million during the quarter, compared to the consensus estimate of $896.05 million. During the same quarter in the prior year, the firm earned $0.84 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. As a group, research analysts expect that Donaldson will post 3.2 earnings per share for the current year.

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.