Donaldson Company, Inc. (DCI) to Issue Quarterly Dividend of $0.32 on June 30th

Donaldson Company, Inc. (NYSE:DCI) announced a quarterly dividend on Friday, May 29th. Investors of record on Monday, June 15th will be paid 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 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 by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 38 years. Donaldson has a payout ratio of 33.3% meaning its dividend is sufficiently covered by earnings. Research 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 DCI traded up $0.93 during mid-day trading on Friday, reaching $86.32. The stock had a trading volume of 599,967 shares, compared to its average volume of 804,648. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.35 and a quick ratio of 1.55. Donaldson has a 52-week low of $67.71 and a 52-week high of $112.84. The business’s fifty day moving average is $85.78 and its 200 day moving average is $91.69. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 23.20, a P/E/G ratio of 2.16 and a beta of 0.95.

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

Analyst Ratings Changes

Several analysts recently issued reports on DCI shares. UBS Group set a $96.00 price objective on shares of Donaldson in a report on Tuesday, February 24th. Morgan Stanley reduced their price objective 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. Weiss Ratings upgraded shares of Donaldson from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, June 3rd. Wells Fargo & Company set a $91.00 price objective on shares of Donaldson in a report on Thursday, June 4th. Finally, Robert W. Baird reduced 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. Three investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, Donaldson 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.