For quite some time, Donaldson
Donaldson probably isn't the first company that springs to mind when you're looking for a place to park some extra cash, but if you happen to take a look, you might take a liking to this industrial. It sells its filters to giants like Caterpillar
Between the earnings announcement and increasing its cash dividend by 5% last week, Donaldson's stock price has been inching upward. However, its P/E ratio of 15 is still far cheaper than a year ago. But 2009 is unlikely to be a year for setting sales records. Like Woodward Governor
While Donaldson has taken cost-containing measures and continually looks for places to grow in order to offset perceived areas of weakness, anything could happen to its stock. Industrial companies that operate globally and cycle with the broader economy aren't for everyone.
However, I think it has good long-term prospects, and I'm glad I took notice when I did. You see, every year at this time, I have the same dilemma. The holidays near, and I start trying to find unique stocks to buy for my portfolio, which is no small task because it already has practically everything and is very picky. This year, though, I just might end my shopping early -- with Donaldson.