Donaldson - DCI Stock Forecast, Price & News

2 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Donaldson in the last year. There are currently 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" DCI shares.
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2 Wall Street analysts have issued twelve-month target prices for Donaldson's stock. Their DCI share price forecasts range from $51.00 to $70.00. On average, they expect the company's share price to reach $63.33 in the next year. This suggests that the stock has a possible downside of 0.6%.
View analysts price targets for DCI or view top-rated stocks among Wall Street analysts.

Donaldson's stock was trading at $58.87 on January 1st, 2023. Since then, DCI shares have increased by 8.2% and is now trading at $63.72.
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Donaldson saw a increase in short interest in February. As of February 28th, there was short interest totaling 1,050,000 shares, an increase of 16.9% from the February 13th total of 898,100 shares. Based on an average trading volume of 398,200 shares, the short-interest ratio is presently 2.6 days. Currently, 0.9% of the company's stock are sold short.
View Donaldson's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Wednesday, June 7th 2023.
View our DCI earnings forecast.

Donaldson Company, Inc. (NYSE:DCI) issued its quarterly earnings data on Wednesday, March, 8th. The industrial products company reported $0.75 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. The industrial products company earned $828.30 million during the quarter, compared to analysts' expectations of $838.29 million. Donaldson had a net margin of 10.45% and a trailing twelve-month return on equity of 32.35%. Donaldson's revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.57 earnings per share.

Donaldson declared a quarterly dividend on Thursday, January 26th. Stockholders of record on Friday, February 10th will be given a dividend of $0.23 per share on Monday, February 27th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, February 9th.
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), VanEck Green Infrastructure ETF (RNEW), Dividend Performers ETF (IPDP), ALPS O'Shares U.S. Small-Cap Quality Dividend ETF (OUSM), ProShares S&P MidCap 400 Dividend Aristocrats ETF (REGL), Victoryshares Dividend Accelerator ETF (VSDA), Invesco S&P MidCap Quality ETF (XMHQ) and Invesco S&P MidCap Low Volatility ETF (XMLV).

Donaldson (NYSE:DCI) pays an annual dividend of $0.92 per share and currently has a dividend yield of 1.46%. The company has been increasing its dividend for 36 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 31.94%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, DCI will have a dividend payout ratio of 29.02% 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 Wednesday, March, 1st. The company provided earnings per share guidance of $2.99-$3.07 for the period, compared to the consensus estimate of $2.99. The company issued revenue guidance of $3.37 billion-$3.50 billion, compared to the consensus revenue estimate of $3.43 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 investors include Allspring Global Investments Holdings LLC (3.18%), Franklin Resources Inc. (2.29%), Boston Trust Walden Corp (2.14%), Geode Capital Management LLC (1.59%), Fiduciary Management Inc. WI (1.58%) and Impax Asset Management Group plc (1.35%). Insiders that own company stock include Ajita G Rajendra, Amy C Becker, 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.
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One share of DCI stock can currently be purchased for approximately $63.72.

Donaldson (NYSE:DCI) has a market capitalization of $7.73 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 $2.88 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.