Donaldson Co. (DCI) To Go Ex-Dividend on December 2nd
Donaldson Co. (NYSE:DCI) announced a quarterly dividend on Friday, November 18th. Investors of record on Tuesday, December 6th will be given a dividend of 0.175 per share on Wednesday, December 21st. This represents a $0.70 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, December 2nd.
Shares of Donaldson (NYSE:DCI) opened at 40.80 on Friday. Donaldson has a 1-year low of $25.21 and a 1-year high of $40.96. The company has a 50 day moving average of $37.72 and a 200 day moving average of $36.18. The company has a market cap of $5.41 billion, a PE ratio of 28.73 and a beta of 0.93.
Donaldson (NYSE:DCI) last posted its quarterly earnings data on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by $0.03. The company earned $593 million during the quarter, compared to the consensus estimate of $594.80 million. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. Equities analysts expect that Donaldson will post $1.58 earnings per share for the current fiscal year.
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DCI has been the topic of several research reports. Zacks Investment Research cut shares of Donaldson from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Robert W. Baird lifted their price target on shares of Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, September 9th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Donaldson presently has an average rating of “Hold” and an average price target of $38.25.
In other news, Director John Wiehoff sold 14,400 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the transaction, the director now directly owns 56,877 shares in the company, valued at approximately $2,065,772.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.88% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in DCI. Verition Fund Management LLC purchased a new position in Donaldson during the third quarter valued at $583,000. The Manufacturers Life Insurance Company purchased a new position in Donaldson during the third quarter valued at $6,803,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Donaldson by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,166 shares of the company’s stock valued at $156,000 after buying an additional 475 shares in the last quarter. Morgan Stanley raised its position in Donaldson by 12.2% in the third quarter. Morgan Stanley now owns 258,663 shares of the company’s stock valued at $9,656,000 after buying an additional 28,043 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new position in Donaldson during the second quarter valued at $524,000. Institutional investors own 81.69% of the company’s stock.
Donaldson Company Profile
Donaldson Company, Inc is a manufacturer of filtration systems and replacement parts. The Company’s segments include Engine Products, Industrial Products and Corporate. The Company’s products are manufactured at approximately 42 plants around the world and through three joint ventures. The Company offers its products under the Ultra-Web, PowerCore and Donaldson brands.
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