Donaldson Company, Inc. (NYSE:DCI) Declares $0.27 Quarterly Dividend

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Friday, November 22nd,RTT News reports. Investors of record on Monday, December 9th will be paid a dividend of 0.27 per share by the industrial products company on Monday, December 23rd. This represents a $1.08 dividend on an annualized basis and a yield of 1.39%.

Donaldson has increased its dividend payment by an average of 5.3% annually over the last three years and has increased its dividend annually for the last 38 consecutive years. Donaldson has a payout ratio of 29.8% indicating that its dividend is sufficiently covered by earnings. Research 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 1.9 %

Shares of NYSE:DCI opened at $77.45 on Friday. The stock has a market capitalization of $9.27 billion, a PE ratio of 22.91, a P/E/G ratio of 2.00 and a beta of 1.04. Donaldson has a 1 year low of $58.75 and a 1 year high of $78.71. The firm has a fifty day moving average price of $74.43 and a 200 day moving average price of $73.31. The company has a current ratio of 1.84, a quick ratio of 1.23 and a debt-to-equity ratio of 0.32.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Wednesday, August 28th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.06. The firm had revenue of $935.40 million during the quarter, compared to analysts’ expectations of $941.12 million. Donaldson had a net margin of 11.54% and a return on equity of 29.47%. Analysts expect that Donaldson will post 3.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have weighed in on DCI. Stifel Nicolaus cut their target price on shares of Donaldson from $76.00 to $71.00 and set a “hold” rating for the company in a research report on Thursday, August 29th. StockNews.com raised shares of Donaldson from a “buy” rating to a “strong-buy” rating in a research report on Saturday, September 28th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $69.67.

Insider Activity

In related news, President Thomas R. Scalf sold 2,500 shares of the stock in a transaction dated Wednesday, October 9th. The shares were sold at an average price of $73.16, for a total value of $182,900.00. Following the completion of the transaction, the president now owns 28,334 shares of the company’s stock, valued at $2,072,915.44. This represents a 8.11 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Tod E. Carpenter sold 30,919 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $72.69, for a total transaction of $2,247,502.11. Following the completion of the transaction, the chief executive officer now directly owns 256,742 shares of the company’s stock, valued at $18,662,575.98. This trade represents a 10.75 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 167,805 shares of company stock valued at $12,310,222. Insiders own 2.70% of the company’s stock.

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.