Donaldson Company, Inc. (DCI) To Go Ex-Dividend on August 17th

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

Donaldson has increased its dividend 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 dividend payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. 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 Price Performance

Donaldson stock opened at $96.03 on Friday. Donaldson has a 12-month low of $72.95 and a 12-month high of $112.84. The stock has a market cap of $11.13 billion, a P/E ratio of 25.82, a PEG ratio of 2.19 and a beta of 0.92. The company has a 50-day moving average price of $90.47 and a 200 day moving average price of $91.06. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35.

Donaldson (NYSE:DCI) last posted its earnings results on Monday, June 1st. The industrial products company reported $1.06 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.01. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The company had revenue of $995.10 million for the quarter, compared to analyst estimates of $973.65 million. During the same period in the previous year, the business posted $0.99 EPS. Donaldson’s revenue was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Donaldson will post 3.96 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on DCI shares. Wells Fargo & Company set a $91.00 price objective on Donaldson in a report on Thursday, June 4th. Wall Street Zen upgraded Donaldson from a “hold” rating to a “buy” rating in a research report on Sunday, August 9th. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, June 3rd. Finally, Stifel Nicolaus lowered their price target on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a report on Thursday, June 4th. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $97.83.

Donaldson Company Profile

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.