Donaldson Company, Inc. (DCI) to Issue Quarterly Dividend of $0.30 on December 22nd

Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Friday, November 21st. Shareholders of record on Friday, December 5th will be given a dividend of 0.30 per share by the industrial products company on Monday, December 22nd. This represents a c) annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, December 5th.

Donaldson has increased its dividend by an average of 0.1%per year 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. Equities research analysts expect Donaldson to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 30.1%.

Donaldson Stock Performance

Shares of NYSE DCI traded up $0.30 during mid-day trading on Wednesday, reaching $88.46. 276,054 shares of the company were exchanged, compared to its average volume of 600,185. The stock has a market capitalization of $10.25 billion, a P/E ratio of 29.00, a P/E/G ratio of 2.19 and a beta of 0.99. The company has a quick ratio of 1.25, a current ratio of 1.93 and a debt-to-equity ratio of 0.43. The company’s 50-day simple moving average is $84.48 and its 200-day simple moving average is $77.09. Donaldson has a twelve month low of $57.45 and a twelve month high of $90.94.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Tuesday, February 28th. The industrial products company reported $0.57 earnings per share for the quarter. Donaldson had a net margin of 9.94% and a return on equity of 29.50%. The firm had revenue of $802.50 million for the quarter. As a group, research analysts predict that Donaldson will post 3.64 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Robert W. Baird upped their price objective on Donaldson from $85.00 to $96.00 and gave the company an “outperform” rating in a report on Wednesday. Morgan Stanley raised shares of Donaldson from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $72.00 to $84.00 in a report on Monday, November 24th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research note on Friday, October 3rd. Stifel Nicolaus lifted their price objective on Donaldson from $84.00 to $90.00 and gave the company a “hold” rating in a report on Monday, November 24th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Donaldson in a research report on Tuesday, October 14th. Two equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

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.