Donaldson Company, Inc. to Issue Quarterly Dividend of $0.32 (NYSE:DCI)

Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Friday, July 31st. Shareholders of record on Monday, August 17th will be given a dividend of 0.32 per share by the industrial products company on Monday, August 31st. This represents a c) dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 17th.

Donaldson has raised its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 38 years. Donaldson has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Donaldson to earn $4.37 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 29.3%.

Donaldson Stock Performance

Donaldson stock opened at $96.03 on Friday. The firm’s fifty day moving average price is $90.47 and its 200 day moving average price is $91.06. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. The company has a market capitalization of $11.13 billion, a price-to-earnings ratio of 25.82, a price-to-earnings-growth ratio of 2.19 and a beta of 0.92. Donaldson has a 12-month low of $72.95 and a 12-month high of $112.84.

Donaldson (NYSE:DCI) last released its quarterly earnings results on Monday, June 1st. The industrial products company reported $1.06 EPS for the quarter, topping the consensus estimate of $1.05 by $0.01. Donaldson had a return on equity of 29.17% and a net margin of 11.52%.The business had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. During the same quarter in the previous year, the firm posted $0.99 earnings per share. The company’s revenue was up 5.9% compared to the same quarter last year. On average, research analysts forecast that Donaldson will post 3.96 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Allworth Financial LP acquired a new stake in Donaldson in the second quarter worth approximately $29,000. Trust Co. of Vermont bought a new position in shares of Donaldson during the 2nd quarter valued at about $31,000. Leonteq Securities AG bought a new stake in shares of Donaldson in the 4th quarter worth approximately $40,000. Clearstead Advisors LLC boosted its holdings in Donaldson by 92.6% during the fourth quarter. Clearstead Advisors LLC now owns 599 shares of the industrial products company’s stock worth $53,000 after buying an additional 288 shares in the last quarter. Finally, Strive Financial Group LLC acquired a new position in Donaldson in the fourth quarter worth approximately $57,000. 82.81% of the stock is currently owned by institutional investors.

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.