NEW YORK (
) -- The ex-dividend date for
) is Monday, August 22, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $50.01 as of 9:46 a.m. ET, the dividend yield is 1.1%.
The average volume for Donaldson has been 319,700 shares per day over the past 30 days. Donaldson has a market cap of $4.1 billion and is part of the
industry. Shares are down 13.4% year to date as of the close of trading on Thursday.
Donaldson Company, Inc. engages in the manufacture and sale of filtration systems and replacement parts worldwide. The company operates in two segments, Engine Products and Industrial Products. The company has a P/E ratio of 19.9, equal to the average industrial industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates Donaldson as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, impressive record of earnings per share growth, solid stock price performance and good cash flow from operations. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. You can view the full