Donaldson Company, Inc. (DCI) to Issue Quarterly Dividend of $0.27 on February 28th

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Wednesday, January 29th,RTT News reports. Stockholders of record on Thursday, February 13th will be paid a dividend of 0.27 per share by the industrial products company on Friday, February 28th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Thursday, February 13th.

Donaldson has increased its dividend by an average of 6.8% annually over the last three years and has increased its dividend annually for the last 29 consecutive years. Donaldson has a payout ratio of 27.3% indicating that 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 Trading Up 0.4 %

Shares of DCI stock opened at $70.44 on Tuesday. Donaldson has a 1 year low of $65.60 and a 1 year high of $78.95. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.20 and a current ratio of 1.85. The stock has a fifty day moving average of $69.95 and a two-hundred day moving average of $72.46. The firm has a market capitalization of $8.41 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 1.85 and a beta of 1.06.

Donaldson (NYSE:DCI) last posted its quarterly earnings results on Tuesday, December 3rd. The industrial products company reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $900.10 million for the quarter, compared to analyst estimates of $888.88 million. Donaldson had a return on equity of 29.07% and a net margin of 11.56%. Donaldson’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 earnings per share. As a group, research analysts expect that Donaldson will post 3.64 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on DCI shares. Robert W. Baird raised their target price on Donaldson from $81.00 to $83.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 4th. StockNews.com raised Donaldson from a “buy” rating to a “strong-buy” rating in a research note on Saturday. Finally, Morgan Stanley lifted their target price on Donaldson from $67.00 to $68.00 and gave the stock an “underweight” rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $74.00.

Insider Activity

In other Donaldson news, Director Trudy A. Rautio sold 14,000 shares of the stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $67.60, for a total transaction of $946,400.00. Following the completion of the sale, the director now directly owns 26,420 shares in the company, valued at approximately $1,785,992. This trade represents a 34.64 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 2.70% of the stock is owned by corporate 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.