Donaldson Company, Inc. (NYSE:DCI) Declares $0.30 Quarterly Dividend

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Friday, November 21st. Stockholders of record on Friday, December 5th will be paid 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 is Friday, December 5th.

Donaldson has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 38 consecutive years. Donaldson has a payout ratio of 31.3% indicating that its dividend is sufficiently covered by earnings. 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 Up 0.3%

NYSE DCI traded up $0.30 on Wednesday, reaching $88.46. The company had a trading volume of 198,027 shares, compared to its average volume of 599,850. The company’s fifty day moving average is $84.48 and its 200-day moving average is $77.09. The firm has a market capitalization of $10.25 billion, a price-to-earnings ratio of 29.01, a price-to-earnings-growth ratio of 2.19 and a beta of 0.99. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.25 and a current ratio of 1.93. Donaldson has a 1-year low of $57.45 and a 1-year high of $90.94.

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

Institutional Trading of Donaldson

Institutional investors and hedge funds have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC bought a new position in shares of Donaldson during the 2nd quarter worth $679,475,000. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in Donaldson by 75.3% during the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,330,602 shares of the industrial products company’s stock valued at $223,350,000 after purchasing an additional 1,430,120 shares during the last quarter. Victory Capital Management Inc. boosted its position in Donaldson by 6,069.9% during the third quarter. Victory Capital Management Inc. now owns 1,178,884 shares of the industrial products company’s stock worth $96,492,000 after purchasing an additional 1,159,777 shares during the period. Norges Bank purchased a new position in shares of Donaldson in the second quarter worth about $68,759,000. Finally, Fiduciary Management Inc. WI raised its position in shares of Donaldson by 13.1% in the first quarter. Fiduciary Management Inc. WI now owns 2,499,756 shares of the industrial products company’s stock valued at $167,634,000 after purchasing an additional 290,477 shares during the period. 82.81% of the stock is owned by hedge funds and other institutional investors.

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.