Donaldson (DCI) Stock Forecast, Price & News

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Donaldson in the last year. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" DCI shares.
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3 analysts have issued twelve-month price targets for Donaldson's shares. Their DCI share price forecasts range from $66.00 to $71.00. On average, they anticipate the company's stock price to reach $68.67 in the next year. This suggests a possible upside of 13.7% from the stock's current price.
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Donaldson's stock was trading at $58.87 at the start of the year. Since then, DCI shares have increased by 2.6% and is now trading at $60.39.
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Donaldson saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,620,000 shares, an increase of 25.6% from the August 15th total of 1,290,000 shares. Based on an average daily volume of 434,800 shares, the days-to-cover ratio is presently 3.7 days. Currently, 1.3% of the company's stock are short sold.
View Donaldson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 29th 2023.
View our DCI earnings forecast.

Donaldson Company, Inc. (NYSE:DCI) announced its quarterly earnings results on Tuesday, August, 29th. The industrial products company reported $0.78 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.78. The industrial products company earned $879.50 million during the quarter, compared to the consensus estimate of $896.05 million. Donaldson had a net margin of 10.46% and a trailing twelve-month return on equity of 30.21%. The firm's quarterly revenue was down 1.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.84 EPS.

Donaldson announced a quarterly dividend on Friday, July 28th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.25 per share on Wednesday, August 30th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Monday, August 14th.
Read our dividend analysis for DCI.

ETFs with the largest weight of Donaldson (NYSE:DCI) stock in their portfolio include Ecofin U.S. Renewables Infrastructure Trust (RNEW), VanEck Environmental Services ETF (EVX), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF Shares (OUSM), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Dividend Performers ETF (IPDP), American Century STOXX US Quality Value ETF (VALQ), Invesco S&P MidCap Low Volatility ETF (XMLV) and Invesco S&P MidCap Quality ETF (XMHQ).

Donaldson (NYSE:DCI) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.67%. The company has been increasing its dividend for 37 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 34.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCI will have a dividend payout ratio of 28.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DCI.

Donaldson issued an update on its FY 2024 earnings guidance on Tuesday, August, 29th. The company provided earnings per share (EPS) guidance of $3.14-$3.30 for the period, compared to the consensus earnings per share estimate of $3.19. The company issued revenue guidance of $3.53 billion-$3.67 billion, compared to the consensus revenue estimate of $3.55 billion.

48 employees have rated Donaldson Chief Executive Officer Tod Carpenter on Glassdoor.com. Tod Carpenter has an approval rating of 90% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Donaldson investors own include Pfizer (PFE), AT&T (T), Broadcom (AVGO), Avery Dennison (AVY), Walt Disney (DIS), Duke Energy (DUK), Enbridge (ENB), Johnson & Johnson (JNJ), ONEOK (OKE) and AbbVie (ABBV).

Donaldson trades on the New York Stock Exchange (NYSE) under the ticker symbol "DCI."

Donaldson's stock is owned by many different institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.05%), State Street Corp (4.42%), Allspring Global Investments Holdings LLC (2.65%), Franklin Resources Inc. (2.38%), Boston Trust Walden Corp (2.24%) and Geode Capital Management LLC (1.63%). Insiders that own company stock include Ajita G Rajendra, Amy C Becker, Christopher M Hilger, Douglas A Milroy, Gregory L Weaver, James Owens, John Wiehoff, Michael J Hoffman, Peter Joseph Keller, Scott J Robinson, Thomas R Scalf, Tod E Carpenter, Willard D Oberton and Wim Vermeersch.
View institutional ownership trends.

Shares of DCI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of DCI stock can currently be purchased for approximately $60.39.

Donaldson (NYSE:DCI) has a market capitalization of $7.32 billion and generates $3.43 billion in revenue each year. The industrial products company earns $358.80 million in net income (profit) each year or $2.91 on an earnings per share basis.

The company employs 14,000 workers across the globe.

Donaldson's mailing address is 1400 WEST 94TH STREET, MINNEAPOLIS MN, 55431. The official website for the company is www.donaldson.com. The industrial products company can be reached via phone at (952) 887-3131, via email at investor.relations@donaldson.com, or via fax at 952-887-3055.