Donaldson Company, Inc. Declares Quarterly Dividend of $0.30 (NYSE:DCI)

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Thursday, January 29th. Shareholders of record on Thursday, February 12th will be given a dividend of 0.30 per share by the industrial products company on Friday, February 27th. This represents a c) annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend is Thursday, February 12th.

Donaldson has increased its dividend payment by an average of 0.1%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 31.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Donaldson to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 30.1%.

Donaldson Stock Down 1.6%

Shares of NYSE:DCI traded down $1.61 during trading on Friday, hitting $101.71. The stock had a trading volume of 17,265 shares, compared to its average volume of 591,927. The company has a quick ratio of 1.39, a current ratio of 2.15 and a debt-to-equity ratio of 0.44. Donaldson has a 12 month low of $57.45 and a 12 month high of $103.78. The company has a market capitalization of $11.73 billion, a PE ratio of 31.68, a PEG ratio of 2.51 and a beta of 0.99. The firm’s fifty day moving average is $93.66 and its 200 day moving average is $84.22.

Donaldson (NYSE:DCI) last posted its quarterly earnings data on Wednesday, December 3rd. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.01. The business had revenue of $935.40 million during the quarter, compared to the consensus estimate of $922.68 million. Donaldson had a return on equity of 30.24% and a net margin of 10.25%.The firm’s quarterly revenue was up 3.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.83 earnings per share. Analysts anticipate that Donaldson will post 3.64 EPS for the current fiscal year.

Insider Buying and Selling

In other Donaldson news, CFO Bradley J. Pogalz sold 566 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $91.57, for a total value of $51,828.62. Following the sale, the chief financial officer directly owned 434 shares of the company’s stock, valued at approximately $39,741.38. This trade represents a 56.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ajita G. Rajendra sold 19,800 shares of the company’s stock in a transaction that occurred on Friday, December 5th. The shares were sold at an average price of $92.04, for a total value of $1,822,392.00. Following the completion of the sale, the director owned 43,993 shares of the company’s stock, valued at $4,049,115.72. This trade represents a 31.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 2.20% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada raised its stake in Donaldson by 38.2% during the first quarter. Royal Bank of Canada now owns 102,128 shares of the industrial products company’s stock worth $6,848,000 after purchasing an additional 28,207 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Donaldson by 16.5% during the 1st quarter. Integrated Wealth Concepts LLC now owns 3,479 shares of the industrial products company’s stock worth $233,000 after buying an additional 494 shares during the last quarter. Millennium Management LLC raised its position in shares of Donaldson by 428.6% during the 1st quarter. Millennium Management LLC now owns 223,976 shares of the industrial products company’s stock valued at $15,020,000 after buying an additional 181,602 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Donaldson by 29.0% in the first quarter. Goldman Sachs Group Inc. now owns 279,525 shares of the industrial products company’s stock valued at $18,745,000 after acquiring an additional 62,864 shares during the last quarter. Finally, Perigon Wealth Management LLC grew its position in Donaldson by 6.7% in the second quarter. Perigon Wealth Management LLC now owns 3,321 shares of the industrial products company’s stock worth $230,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 82.81% of the company’s stock.

About Donaldson

Donaldson Company, Inc (NYSE: DCI) is a global provider of filtration systems and replacement parts for a wide range of industries. The company develops and manufactures air, liquid and gas filtration solutions for engine and industrial applications, helping customers improve performance, lower emissions and extend equipment life. Donaldson’s product portfolio includes engine air intake filters, fuel filters, hydraulic filters, compressor filters, dust collection systems and gas turbine air intake systems.

Serving markets such as agriculture, construction, mining, power generation, aerospace and original equipment manufacturing, Donaldson operates through two primary business segments: Engine Products and Industrial Products.