Donaldson Co. (NYSE:DCI) announced a quarterly dividend on Friday, November 18th. Investors of record on Tuesday, December 6th will be paid a dividend of 0.175 per share on Wednesday, December 21st. This represents a $0.70 annualized dividend and a dividend yield of 1.72%. The ex-dividend date of this dividend is Friday, December 2nd.
Shares of Donaldson (NYSE:DCI) opened at 40.80 on Friday. The company has a market cap of $5.41 billion, a P/E ratio of 28.73 and a beta of 0.93. The company’s 50 day moving average is $37.72 and its 200 day moving average is $36.18. Donaldson has a one year low of $25.21 and a one year high of $40.96.
Donaldson (NYSE:DCI) last announced its earnings results on Thursday, September 8th. The company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by $0.03. The firm earned $593 million during the quarter, compared to analysts’ expectations of $594.80 million. Donaldson had a net margin of 8.59% and a return on equity of 27.06%. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. On average, equities analysts predict that Donaldson will post $1.58 earnings per share for the current year.
In related news, Director John Wiehoff sold 14,400 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.32, for a total transaction of $523,008.00. Following the completion of the sale, the director now owns 56,877 shares in the company, valued at $2,065,772.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.88% of the company’s stock.
A number of hedge funds have recently bought and sold shares of DCI. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Donaldson by 12.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,166 shares of the company’s stock worth $156,000 after buying an additional 475 shares during the period. First Allied Advisory Services Inc. acquired a new position in Donaldson during the second quarter valued at $206,000. Ingalls & Snyder LLC acquired a new position in Donaldson during the second quarter valued at $247,000. JPMorgan Chase & Co. increased its position in Donaldson by 17.1% in the second quarter. JPMorgan Chase & Co. now owns 7,244 shares of the company’s stock valued at $249,000 after buying an additional 1,056 shares during the last quarter. Finally, Wetherby Asset Management Inc. increased its position in Donaldson by 1.0% in the second quarter. Wetherby Asset Management Inc. now owns 8,133 shares of the company’s stock valued at $279,000 after buying an additional 83 shares during the last quarter. Institutional investors and hedge funds own 81.69% of the company’s stock.
Several brokerages have recently commented on DCI. Zacks Investment Research upgraded shares of Donaldson from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Robert W. Baird increased their target price on shares of Donaldson from $36.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, September 9th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $38.25.