Donaldson Company, Inc. (NYSE:DCI) Raises Dividend to $0.32 Per Share

Donaldson Company, Inc. (NYSE:DCI) declared a quarterly dividend on Friday, May 29th. Shareholders 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) dividend on an annualized basis and a 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 by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 38 consecutive years. Donaldson has a dividend payout ratio of 33.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 1.1%

NYSE:DCI traded up $0.93 during trading hours on Friday, hitting $86.32. The stock had a trading volume of 599,967 shares, 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 price-to-earnings-growth ratio of 2.16 and a beta of 0.95. The business has a 50 day simple moving average of $85.78 and a two-hundred day simple moving average of $91.69. Donaldson has a 1-year low of $67.71 and a 1-year 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.

Donaldson (NYSE:DCI) last posted its earnings results 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 business had revenue of $995.10 million for the quarter, compared to analysts’ expectations of $973.65 million. Donaldson had a net margin of 11.52% and a return on equity of 29.17%. The business’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. Donaldson has set its FY 2026 guidance at 3.940-4.010 EPS. Analysts predict that Donaldson will post 3.96 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on DCI. Robert W. Baird cut their price objective on shares of Donaldson from $104.00 to $95.00 and set an “outperform” rating on the stock in a report on Monday, March 30th. Weiss Ratings raised Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, June 3rd. UBS Group set a $96.00 price target on Donaldson in a research note on Tuesday, February 24th. Wells Fargo & Company set a $91.00 price target on Donaldson in a report on Thursday, June 4th. Finally, Stifel Nicolaus lowered their price objective on Donaldson from $96.00 to $91.00 and set a “hold” rating for the company in a research note on Thursday, June 4th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price 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.