Donaldson (DCI) Declares $0.25 Dividend
Donaldson said on May 24, 2023 that its board of directors declared a regular quarterly dividend of $0.25 per share ($1.00 annualized). Previously, the company paid $0.23 per share.
Shares must be purchased before the ex-div date of June 6, 2023 to qualify for the dividend. Shareholders of record as of June 7, 2023 will receive the payment on June 23, 2023.
At the current share price of $64.44 / share, the stock's dividend yield is 1.55%.
Looking back five years and taking a sample every week, the average dividend yield has been 1.59%, the lowest has been 1.27%, and the highest has been 2.53%. The standard deviation of yields is 0.18 (n=235).
The current dividend yield is 0.20 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.31. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.10%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 879 funds or institutions reporting positions in Donaldson. This is an increase of 79 owner(s) or 9.88% in the last quarter. Average portfolio weight of all funds dedicated to DCI is 0.20%, an increase of 16.61%. Total shares owned by institutions decreased in the last three months by 1.56% to 114,880K shares. 
The put/call ratio of DCI is 1.10, indicating a bearish outlook.
Analyst Price Forecast Suggests 7.64% Upside
As of May 11, 2023, the average one-year price target for Donaldson is 69.36. The forecasts range from a low of 64.64 to a high of $74.55. The average price target represents an increase of 7.64% from its latest reported closing price of 64.44.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Donaldson is 3,465MM, an increase of 1.35%. The projected annual non-GAAP EPS is 3.01.
What are Other Shareholders Doing?
State Farm Mutual Automobile Insurance holds 10,089K shares representing 8.32% ownership of the company. No change in the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,775K shares representing 3.11% ownership of the company. In it's prior filing, the firm reported owning 3,719K shares, representing an increase of 1.48%. The firm increased its portfolio allocation in DCI by 4.02% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,754K shares representing 3.10% ownership of the company. In it's prior filing, the firm reported owning 3,782K shares, representing a decrease of 0.74%. The firm increased its portfolio allocation in DCI by 5.45% over the last quarter.
Allspring Global Investments Holdings holds 3,665K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 3,864K shares, representing a decrease of 5.42%. The firm increased its portfolio allocation in DCI by 2.17% over the last quarter.
NAESX - Vanguard Small-Cap Index Fund Investor Shares holds 3,184K shares representing 2.63% ownership of the company. In it's prior filing, the firm reported owning 3,155K shares, representing an increase of 0.92%. The firm increased its portfolio allocation in DCI by 7.51% over the last quarter.
Donaldson Background Information
(This description is provided by the company.)
ounded in 1915, Donaldson is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers-from small business owners to the world's biggest OE brands-to solve complex filtration challenges.
Key filings for this company:
This story originally appeared on Fintel.