Donaldson (DCI) Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Donaldson in the last twelve months. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DCI shares.
View DCI analyst ratings or view top-rated stocks.

2 Wall Street research analysts have issued twelve-month price targets for Donaldson's stock. Their DCI share price forecasts range from $51.00 to $71.00. On average, they predict the company's share price to reach $63.67 in the next year. This suggests a possible upside of 5.1% from the stock's current price.
View analysts price targets for DCI or view top-rated stocks among Wall Street analysts.

Donaldson's stock was trading at $58.87 at the beginning of 2023. Since then, DCI shares have increased by 2.9% and is now trading at $60.60.
View the best growth stocks for 2023 here.

Donaldson saw a drop in short interest in the month of May. As of May 15th, there was short interest totaling 826,000 shares, a drop of 6.5% from the April 30th total of 883,100 shares. Based on an average trading volume of 442,700 shares, the days-to-cover ratio is currently 1.9 days. Approximately 0.7% 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, August 30th 2023.
View our DCI earnings forecast.

Donaldson Company, Inc. (NYSE:DCI) posted its quarterly earnings results on Wednesday, May, 31st. The industrial products company reported $0.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.02. The industrial products company earned $875.70 million during the quarter, compared to analysts' expectations of $871.53 million. Donaldson had a net margin of 10.69% and a trailing twelve-month return on equity of 32.06%. During the same quarter in the previous year, the company earned $0.67 earnings per share.

Donaldson announced a quarterly dividend on Wednesday, May 24th. Shareholders of record on Wednesday, June 7th will be given a dividend of $0.25 per share on Friday, June 23rd. This represents a $1.00 dividend on an annualized basis and a yield of 1.65%. The ex-dividend date of this dividend is Tuesday, June 6th. This is a positive change from the stock's previous quarterly dividend of $0.23.
Read our dividend analysis for DCI.

ETFs with the largest weight of Donaldson (NYSE:DCI) stock in their portfolio include VanEck Environmental Services ETF (EVX), Ecofin U.S. Renewables Infrastructure Trust (RNEW), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Dividend Performers ETF (IPDP), Victoryshares Dividend Accelerator ETF (VSDA), QRAFT AI-Enhanced U.S. Large Cap Momentum ETF (AMOM) 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 1.69%. 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 33.67%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCI will have a dividend payout ratio of 31.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for DCI.

Donaldson updated its FY 2023 earnings guidance on Sunday, June, 4th. The company provided earnings per share guidance of $3.00-$3.06 for the period, compared to the consensus estimate of $3.04. The company issued revenue guidance of $3.41 billion-$3.47 billion, compared to the consensus revenue estimate of $3.45 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 a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (9.11%), State Street Corp (4.97%), FMR LLC (3.54%), Allspring Global Investments Holdings LLC (3.02%), Franklin Resources Inc. (2.30%) and Boston Trust Walden Corp (2.17%). Insiders that own company stock include Ajita G Rajendra, Amy C Becker, Christopher M Hilger, Gregory L Weaver, James Owens, John Wiehoff, Michael J Hoffman, Peter Joseph Keller, 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.
Compare Top Brokerages Here.

One share of DCI stock can currently be purchased for approximately $60.60.

Donaldson (NYSE:DCI) has a market capitalization of $7.35 billion and generates $3.31 billion in revenue each year. The industrial products company earns $332.80 million in net income (profit) each year or $2.97 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.