DONALDSON Co INC
For the period ended Jul 31, 2024. Filed Sep 27, 2024.
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FY2024 · Filed Sep 27, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 4. Mine Safety Disclosures
Not applicable.
Part II
The Company’s common stock, par value $5.00 per share, is traded on the New York Stock Exchange under the symbol “DCI.” As of September 13, 2024, there were 1,116 registered stockholders of common stock.
To determine the appropriate level of dividend payouts, the Company considers recent and projected performance across key financial metrics, including earnings, cash flow from operations and total debt.
Information in connection with purchases made by, or on behalf of, the Company or any affiliated purchaser of the Company, of shares of the Company’s common stock during the three months ended July 31, 2024 was as follows:
| Period | Total Number ofShares Purchased | Average PricePaid per Share | Total Number ofShares Purchasedas Part of PubliclyAnnounced Plansor Programs | Maximum Numberof Shares that MayYet Be PurchasedUnder the Plans orPrograms |
|---|---|---|---|---|
| May 1 - May 31, 2024 | 347,111 | $74.07 | 347,111 | 11,064,623 |
| June 1 - June 30, 2024 | 316,576 | $72.83 | 315,000 | 10,749,623 |
| July 1 - July 31, 2024 | 3,948 | $71.44 | 3,948 | 10,745,675 |
| Total | 667,635 | $73.47 | 666,059 | 10,745,675 |
On November 17, 2023, the Board of Directors authorized the repurchase of up to 12.0 million shares of the Company’s common stock. This repurchase authorization is effective until terminated by the Board of Directors. The Company has remaining authorization to repurchase 10.7 million shares under this plan. There were no repurchases of common stock made outside of the Company’s current repurchase authorization during the three months ended July 31, 2024. The “Total Number of Shares Purchased” column of the table above includes 1,576 shares of previously owned shares tendered by option holders in payment of the exercise price of options during the three months ended July 31, 2024. While not considered repurchases of shares, the Company does at times withhold shares that would otherwise be issued under stock-based awards to cover the withholding of taxes due as a result of exercising stock options or payment of stock-based awards.
The table set forth in Part III, Item 12, “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” of this Annual Report is also incorporated herein by reference.
The graph below compares the cumulative total stockholder return on the Company’s common stock for the last five fiscal years with the cumulative total return of the Standard & Poor’s (S&P) 500 Stock Index and the S&P Industrial Machinery Index. The graph and table assume the investment of $100 in each of the Company’s common stock and the specified indexes at the beginning of the applicable period and assume the reinvestment of all dividends.
COMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN
Among Donaldson Company Inc., the S&P 500 Index
and the S&P Industrial Machinery Index
| As of July 31, | ||||||
|---|---|---|---|---|---|---|
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
| Donaldson Company, Inc. | $100.00 | $98.41 | $136.76 | $114.17 | $133.92 | $161.96 |
| S&P 500 Stock Index | $100.00 | $111.96 | $152.76 | $145.67 | $164.63 | $201.10 |
| S&P Industrial Machinery Index | $100.00 | $104.65 | $151.08 | $130.18 | $162.64 | $185.80 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.