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

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 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date is Monday, December 4th.

Donaldson has increased its dividend payment by an average of 3.5% annually over the last three years and has raised its dividend every year for the last 37 years. Donaldson has a dividend payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. Equities research 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 Stock Performance

NYSE DCI opened at $60.13 on Tuesday. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.82 and a beta of 1.18. The company has a quick ratio of 1.15, a current ratio of 1.70 and a debt-to-equity ratio of 0.38. The business has a 50-day moving average price of $59.78 and a 200-day moving average price of $61.38. Donaldson has a twelve month low of $57.05 and a twelve month high of $66.96.

Donaldson (NYSE:DCI) last released its quarterly earnings data on Tuesday, August 29th. The industrial products company reported $0.78 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.78. The firm had revenue of $879.50 million during the quarter, compared to analyst estimates of $896.05 million. Donaldson had a return on equity of 30.21% and a net margin of 10.46%. The business’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.84 earnings per share. As a group, equities research analysts predict that Donaldson will post 3.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. StockNews.com lowered Donaldson from a “strong-buy” rating to a “buy” rating in a research note on Thursday, October 19th. Robert W. Baird increased their price target on Donaldson from $67.00 to $69.00 and gave the company an “outperform” rating in a research note on Wednesday, August 30th.

Insider Buying and Selling at Donaldson

In other Donaldson news, insider Amy C. Becker sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $63.84, for a total transaction of $191,520.00. Following the sale, the insider now directly owns 35,809 shares in the company, valued at $2,286,046.56. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Douglas A. Milroy sold 26,300 shares of the 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 sale, the director now directly owns 2,824 shares in the company, valued at $180,594.80. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Amy C. Becker sold 3,000 shares of the 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 completion of the sale, the insider now owns 35,809 shares in the company, valued at $2,286,046.56. The disclosure for this sale can be found here. Company insiders own 2.58% of the company’s stock.

Institutional Investors Weigh In On Donaldson

Several hedge funds and other institutional investors have recently modified their holdings of the business. Creative Planning increased its holdings in Donaldson by 199.5% during the 3rd quarter. Creative Planning now owns 29,252 shares of the industrial products company’s stock worth $1,745,000 after purchasing an additional 19,485 shares during the period. Toroso Investments LLC increased its holdings in Donaldson by 42.6% during the 3rd quarter. Toroso Investments LLC now owns 6,875 shares of the industrial products company’s stock worth $410,000 after purchasing an additional 2,054 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Donaldson by 13.7% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 103,152 shares of the industrial products company’s stock worth $6,152,000 after purchasing an additional 12,466 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in Donaldson by 10.5% during the 2nd quarter. Teachers Retirement System of The State of Kentucky now owns 21,435 shares of the industrial products company’s stock worth $1,340,000 after purchasing an additional 2,037 shares during the period. Finally, Nuveen Asset Management LLC increased its holdings in Donaldson by 3.6% during the 2nd quarter. Nuveen Asset Management LLC now owns 484,015 shares of the industrial products company’s stock worth $30,256,000 after purchasing an additional 17,027 shares during the period. 80.35% of the stock is currently owned by hedge funds and other institutional investors.

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.