Quarterly Dividend of $0.10 Declared by Donaldson Company (DCI)
Donaldson Company (NYSE:DCI) declared a quarterly dividend on Friday, January 25th. Shareholders of record on Friday, February 15th will be given a dividend of $0.10 per share on Friday, March 8th. This represents a $0.40 dividend on an annualized basis and a yield of 1.08%.
A number of research firms have also recently commented on DCI. Analysts at Bank of America upgraded shares of Donaldson Company from a “neutral” rating to a “buy” rating in a research note to investors on Thursday, January 17th. They now have a $41.00 price target on the stock, up previously from $38.00. On the ratings front, analysts at Zacks upgraded shares of Donaldson Company from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, December 25th. They now have a $33.90 price target on the stock. Finally, analysts at Gabelli reiterated a “hold” rating on shares of Donaldson Company in a research note to investors on Friday, November 23rd.
Shares of Donaldson Company (DCI) traded up 1.05% during mid-day trading on Friday, hitting $37.36. Donaldson Company (DCI) has a one year low of $30.51 and a one year high of $38.89. The stock’s 50-day moving average is currently $34.1. The company has a market cap of $5.479 billion and a P/E ratio of 22.54.
Donaldson Company last posted its quarterly earnings results on Wednesday, November 21st. The company reported $0.36 EPS for the quarter. The company had revenue of $589.00 million for the quarter. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. Donaldson Company has set its FY13 guidance at $1.68-1.88 EPS. On average, analysts predict that Donaldson Company (DCI) will post $1.77 earnings per share for the current fiscal year.
Donaldson Company, Inc. (Donaldson) is a manufacturer of filtration systems and replacement parts. Its product mix includes air and liquid filtration systems and exhaust and emission control products.
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