Donaldson Company, Inc. (NYSE:DCI) Announces Quarterly Dividend of $0.32

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Friday, May 29th. Stockholders of record on Monday, June 15th will be given a dividend of 0.32 per share by the industrial products company on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 1.5%. The ex-dividend date is Monday, June 15th. This is a 6.7% increase from Donaldson’s previous quarterly dividend of $0.30.

Donaldson has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 38 years. Donaldson has a payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Donaldson to earn $4.36 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 29.4%.

Donaldson Trading Up 1.1%

Shares of Donaldson stock traded up $0.93 on Friday, hitting $86.32. 599,967 shares of the company traded hands, compared to its average volume of 804,648. The company has a market cap of $10.01 billion, a PE ratio of 23.20, a PEG ratio of 2.16 and a beta of 0.95. Donaldson has a 52 week low of $67.71 and a 52 week high of $112.84. The company has a current ratio of 2.35, a quick ratio of 1.55 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average price is $85.78 and its 200-day moving average price is $91.69.

Donaldson (NYSE:DCI) last issued its quarterly earnings data on Tuesday, June 2nd. The industrial products company reported $1.06 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.01. The company had revenue of $995.10 million during the quarter, compared to the consensus estimate of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. Donaldson’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Equities research analysts predict that Donaldson will post 3.96 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Morgan Stanley cut their price target on shares of Donaldson from $93.00 to $91.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Wells Fargo & Company set a $91.00 price target on shares of Donaldson in a report on Thursday, June 4th. UBS Group set a $96.00 price target on shares of Donaldson in a report on Tuesday, February 24th. Stifel Nicolaus cut their price target on shares of Donaldson from $96.00 to $91.00 and set a “hold” rating on the stock in a report on Thursday, June 4th. Finally, Wall Street Zen raised shares of Donaldson from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.