Donaldson (DCI) Issues Earnings Results
Donaldson (NYSE:DCI) released its earnings results on Tuesday. The industrial products company reported $0.58 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.04), Bloomberg Earnings reports. The company had revenue of $713.00 million for the quarter, compared to the consensus estimate of $745.05 million. Donaldson had a net margin of 10.82% and a return on equity of 32.75%. The business’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.53 EPS. Donaldson updated its FY 2019 guidance to $2.20-2.24 EPS and its FY19 guidance to $2.20-2.24 EPS.
NYSE DCI opened at $48.54 on Tuesday. The company has a market cap of $6.06 billion, a PE ratio of 24.27, a P/E/G ratio of 1.88 and a beta of 1.47. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.61 and a current ratio of 2.35. Donaldson has a fifty-two week low of $40.27 and a fifty-two week high of $59.43.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 13th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, June 12th. This represents a $0.84 annualized dividend and a dividend yield of 1.73%. This is an increase from Donaldson’s previous quarterly dividend of $0.19. Donaldson’s payout ratio is currently 38.00%.
In related news, Director Douglas A. Milroy bought 560 shares of the business’s stock in a transaction dated Wednesday, March 13th. The shares were purchased at an average price of $49.05 per share, with a total value of $27,468.00. Following the transaction, the director now owns 4,449 shares in the company, valued at approximately $218,223.45. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Tod E. Carpenter sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, March 29th. The shares were sold at an average price of $50.02, for a total value of $200,080.00. Following the transaction, the chairman now directly owns 102,037 shares in the company, valued at approximately $5,103,890.74. The disclosure for this sale can be found here. Insiders own 1.35% of the company’s stock.
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Donaldson Company Profile
Donaldson Company, Inc manufactures and sells filtration systems and replacement parts worldwide. It operates through Engine Products and Industrial Products segments. The Engine Products segment offers replacement filters for air and liquid filtration applications, air filtration systems, liquid filtration systems for fuel, lube and hydraulic applications, and exhaust and emissions systems.
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