Unnamed: 0 stringlengths 3 8 | Date stringlengths 23 23 | Article_title stringlengths 1 250 | Stock_symbol stringlengths 1 5 | Url stringlengths 44 135 | Publisher stringclasses 1 value | Author stringclasses 1 value | Article stringlengths 1 343k | Lsa_summary stringlengths 3 53.9k | Luhn_summary stringlengths 1 53.9k | Textrank_summary stringlengths 1 53.9k | Lexrank_summary stringlengths 1 53.9k | uuid stringlengths 36 36 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
709600.0 | 2023-05-15 00:00:00 UTC | Analysts Have "Buy" Rating On This Mid-Cap Dividend Achiever | DCI | https://www.nasdaq.com/articles/analysts-have-buy-rating-on-this-mid-cap-dividend-achiever | nan | nan | You may not be familiar with Donaldson Co. Inc. (NYSE: DCI), largely because it’s not a glamor stock, but analysts have a “buy” rating on the provider of filtration systems. Wall Street expects double-digit earnings growth this year.
Donaldson specializes in filtration systems, which isn’t exactly known as a barn burner of a product. But the company has evolved beyond its historical business units of industrials and engines and now counts mobile solutions, industrial solutions and life sciences as its segments.
Donaldson has historically been a steady gainer. It’s posted the following historical returns:
1-Month: 1.02%
3-Month: 0.25%
YTD: 7.92%
1-Year: 32.44%
3-Year: 13.37%
5-Year: 7.35%
10-Year: 6.51%
15-Year: 8.19%
While those steady returns, which include dividends, have rewarded investors over the years, it’s reasonable to ask, “What can this stock do for me in the future?”
Analysts See Double-Digit Growth
Donaldson analyst ratings show a consensus view of “buy” on the stock. Wall Street is expecting earnings to grow by 15% this year, and another 3% in 2024. No, that’s not the exciting growth levels you might see in some techs or consumer-facing companies, but there’s something to be said for the steady Eddies in a portfolio, those stocks that just have reliable returns and dividends throughout the years, despite market volatility.
Donaldson dividend data show a yield of 1.46%, with an annual dividend of $0.92 a share. The company has a 36-year- track record of increasing its shareholder payout, ranking it among the dividend achievers.
Over the past year, Donaldson outperformed both the S&P 500, and more importantly, its own index, the S&P Midcap 400, of which it is a component. That index is tracked by the SPDR S&P MidCap 400 ETF Trust (NYSEARCE: MDY). The accompanying chart overlays Donaldson’s one-year return, versus the S&P 500 and the mid-cap index.
The industrials sector is not, to say the least, the fast grower that tech is. It’s a much less volatile sector. The large-cap Industrial Select Sector SPDR Fund (NYSEARCA: XLI) has a beta of 0.88, versus the Technology Select Sector SPDR Fund (NYSEARCA: XLK)’s beta of 1.27.
Advantages Of Low Volatility
That lower volatility has pros and cons. In 2022, the tech sector ETF dropped 27.73%, while the industrials ETF was down just 5.58%. But so far in 2023, tech is up 21.73%, and industrials are up just fractionally, returning 0.61%.
Tech is not the only sector with a higher beta than industrials; others with higher volatility include consumer discretionary and financials.
Healthcare actually has a lower beta, but because it’s more consumer-facing, is home to a tremendous amount of innovation, and frequently grows through mergers and acquisitions, healthcare has more analyst coverage and often outperforms industrials.
Growth Through Acquisition
Donaldson, however, has been focused on growth in recent years, and has been reinventing itself through acquisition. For example, in 2021 and 2022, significant acquisitions in its life sciences business included Purilogics, Solaris, and Isolere Bio. The company is also investing in research and development, and in 2019 launched its material research center at its Minnesota headquarters.
Industries and initiatives are way beyond the greasy valves and heavy equipment you may associate with an industrials stock. The company's filtration products and services include:
Electric vehicle powertrain vents
Recycled hard plastics
Facilities air modeling to determine air quality
Bioreactors for cultivated food production
Purification in cell and gene therapy
Semiconductor and data storage
The Donaldson chart shows the stock forming a flat base, with a 10% correction, below an early March high of $66.96. Watch for Donaldson stock to surpass that point.
The next catalyst for an uptrend could be the company’s third-quarter earnings report, due on May 3. Wall Street is eyeing earnings of $0.74 per share on revenue of $863.01 million. Both would be increases over last year’s third quarter.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | You may not be familiar with Donaldson Co. Inc. (NYSE: DCI), largely because it’s not a glamor stock, but analysts have a “buy” rating on the provider of filtration systems. No, that’s not the exciting growth levels you might see in some techs or consumer-facing companies, but there’s something to be said for the steady Eddies in a portfolio, those stocks that just have reliable returns and dividends throughout the years, despite market volatility. The company's filtration products and services include: Electric vehicle powertrain vents Recycled hard plastics Facilities air modeling to determine air quality Bioreactors for cultivated food production Purification in cell and gene therapy Semiconductor and data storage The Donaldson chart shows the stock forming a flat base, with a 10% correction, below an early March high of $66.96. | You may not be familiar with Donaldson Co. Inc. (NYSE: DCI), largely because it’s not a glamor stock, but analysts have a “buy” rating on the provider of filtration systems. Wall Street expects double-digit earnings growth this year. 1-Year: 32.44% 3-Year: 13.37% 5-Year: 7.35% 10-Year: 6.51% 15-Year: 8.19% While those steady returns, which include dividends, have rewarded investors over the years, it’s reasonable to ask, “What can this stock do for me in the future?” Analysts See Double-Digit Growth Donaldson analyst ratings show a consensus view of “buy” on the stock. | You may not be familiar with Donaldson Co. Inc. (NYSE: DCI), largely because it’s not a glamor stock, but analysts have a “buy” rating on the provider of filtration systems. 1-Year: 32.44% 3-Year: 13.37% 5-Year: 7.35% 10-Year: 6.51% 15-Year: 8.19% While those steady returns, which include dividends, have rewarded investors over the years, it’s reasonable to ask, “What can this stock do for me in the future?” Analysts See Double-Digit Growth Donaldson analyst ratings show a consensus view of “buy” on the stock. No, that’s not the exciting growth levels you might see in some techs or consumer-facing companies, but there’s something to be said for the steady Eddies in a portfolio, those stocks that just have reliable returns and dividends throughout the years, despite market volatility. | You may not be familiar with Donaldson Co. Inc. (NYSE: DCI), largely because it’s not a glamor stock, but analysts have a “buy” rating on the provider of filtration systems. 1-Year: 32.44% 3-Year: 13.37% 5-Year: 7.35% 10-Year: 6.51% 15-Year: 8.19% While those steady returns, which include dividends, have rewarded investors over the years, it’s reasonable to ask, “What can this stock do for me in the future?” Analysts See Double-Digit Growth Donaldson analyst ratings show a consensus view of “buy” on the stock. No, that’s not the exciting growth levels you might see in some techs or consumer-facing companies, but there’s something to be said for the steady Eddies in a portfolio, those stocks that just have reliable returns and dividends throughout the years, despite market volatility. | 2867f8c6-e18a-4642-9c4c-9349031bbe53 |
709601.0 | 2023-05-12 00:00:00 UTC | Here's Why Hold Strategy is Apt for Donaldson (DCI) Stock | DCI | https://www.nasdaq.com/articles/heres-why-hold-strategy-is-apt-for-donaldson-dci-stock | nan | nan | Donaldson Company, Inc. DCI is benefiting from its strong product portfolio, solid demand and focus on innovation and growth investments despite adversities from the high cost of sales and foreign exchange headwinds. Presence in diverse end markets, including construction, mining, aerospace, defense and food & beverage, helps the company offset weaknesses associated with a single market.
Growth in On-Road and Off-Road sales, supported by elevated levels of medium and heavy-duty equipment production is driving DCI’s Mobile Solutions segment’s revenues. Aftermarket sales are being aided by improved global supply-chain conditions. Sales growth in industrial filtration solutions and aerospace and defense is supporting the Industrial Solutions segment’s sales.
Acquired assets are strengthening DCI’s top line. Donaldson acquired Isolere Bio in February 2023, which enabled it to create leading separation and filtration solutions for emerging genetic-based drugs. Also, the acquisition of Purilogics, LLC (June 2022) strengthened the company’s life sciences portfolio by leveraging the acquired entity’s unique product offerings. The Solaris Biotechnology (in November 2021) buyout strengthened its presence across several end markets, including food and beverage, biopharma and other major life sciences.
Donaldson’s efforts to reward its shareholders through dividend payments and share repurchases are noteworthy. The company’s dividend payments totaled $110.1 million in fiscal 2022 and $56.2 million in the first six months of fiscal 2023. It also bought back shares worth $171 million in fiscal 2022 and $115.2 million in the first six months of fiscal 2023.
Donaldson Company, Inc. Price
Donaldson Company, Inc. price | Donaldson Company, Inc. Quote
In light of the above-mentioned positives, we believe, investors should retain DCI stock for now, as suggested by its current Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked companies from the Industrial Products sector are discussed below:
Ingersoll Rand Inc. IR presently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks.
IR’s earnings surprise in the last four quarters was 12.6%, on average. In the past 60 days, estimates for Ingersoll Rand’s 2023 earnings have increased 6%. The stock has rallied 5% in the past six months.
Alamo Group Inc. ALG presently sports a Zacks Rank of 1. ALG’s earnings surprise in the last four quarters was 17.7%, on average.
In the past 60 days, estimates for Alamo’s 2023 earnings have increased 12.7%. The stock has gained 17.5% in the past six months.
Parker-Hannifin Corporation PH presently carries a Zacks Rank #2 (Buy). The company delivered a trailing four-quarter earnings surprise of 12.4%, on average.
In the past 60 days, estimates for Parker-Hannifin’s fiscal 2023 (ending June 2023) earnings have increased 5.3%. The stock has gained 6.5% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Parker-Hannifin Corporation (PH) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
Alamo Group, Inc. (ALG) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI is benefiting from its strong product portfolio, solid demand and focus on innovation and growth investments despite adversities from the high cost of sales and foreign exchange headwinds. Growth in On-Road and Off-Road sales, supported by elevated levels of medium and heavy-duty equipment production is driving DCI’s Mobile Solutions segment’s revenues. Acquired assets are strengthening DCI’s top line. | Click to get this free report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI is benefiting from its strong product portfolio, solid demand and focus on innovation and growth investments despite adversities from the high cost of sales and foreign exchange headwinds. Growth in On-Road and Off-Road sales, supported by elevated levels of medium and heavy-duty equipment production is driving DCI’s Mobile Solutions segment’s revenues. | Donaldson Company, Inc. Price Donaldson Company, Inc. price | Donaldson Company, Inc. Quote In light of the above-mentioned positives, we believe, investors should retain DCI stock for now, as suggested by its current Zacks Rank #3 (Hold). Click to get this free report Parker-Hannifin Corporation (PH) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Alamo Group, Inc. (ALG) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI is benefiting from its strong product portfolio, solid demand and focus on innovation and growth investments despite adversities from the high cost of sales and foreign exchange headwinds. | Donaldson Company, Inc. DCI is benefiting from its strong product portfolio, solid demand and focus on innovation and growth investments despite adversities from the high cost of sales and foreign exchange headwinds. Growth in On-Road and Off-Road sales, supported by elevated levels of medium and heavy-duty equipment production is driving DCI’s Mobile Solutions segment’s revenues. Acquired assets are strengthening DCI’s top line. | 85bcf52b-b52f-489e-8719-f4b8abf507a1 |
709602.0 | 2023-05-10 00:00:00 UTC | Tetra Tech (TTEK) Q2 Earnings and Revenues Beat Estimates | DCI | https://www.nasdaq.com/articles/tetra-tech-ttek-q2-earnings-and-revenues-beat-estimates-0 | nan | nan | Tetra Tech (TTEK) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $0.96 per share. This compares to earnings of $0.98 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 21.88%. A quarter ago, it was expected that this consulting and engineering services company would post earnings of $1.20 per share when it actually produced earnings of $1.34, delivering a surprise of 11.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Tetra, which belongs to the Zacks Pollution Control industry, posted revenues of $969.57 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 19.70%. This compares to year-ago revenues of $699.64 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Tetra shares have lost about 0.8% since the beginning of the year versus the S&P 500's gain of 7.3%.
What's Next for Tetra?
While Tetra has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Tetra: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.20 on $933.8 million in revenues for the coming quarter and $5.02 on $3.48 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended April 2023. The results are expected to be released on May 31.
This maker of filtration systems is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +10.5%. The consensus EPS estimate for the quarter has been revised 0.5% higher over the last 30 days to the current level.
Donaldson's revenues are expected to be $871.53 million, up 2.2% from the year-ago quarter.
Top 5 ChatGPT Stocks Revealed
Zacks Senior Stock Strategist, Kevin Cook names 5 hand-picked stocks with sky-high growth potential in a brilliant sector of Artificial Intelligence. By 2030, the AI industry is predicted to have an internet and iPhone-scale economic impact of $15.7 Trillion.
Today you can invest in the wave of the future, an automation that answers follow-up questions … admits mistakes … challenges incorrect premises … rejects inappropriate requests. As one of the selected companies puts it, “Automation frees people from the mundane so they can accomplish the miraculous.”
Download Free ChatGPT Stock Report Right Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended April 2023. Click to get this free report Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Click to get this free report Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended April 2023. Tetra, which belongs to the Zacks Pollution Control industry, posted revenues of $969.57 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 19.70%. | Click to get this free report Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended April 2023. Tetra Tech (TTEK) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $0.96 per share. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended April 2023. Click to get this free report Tetra Tech, Inc. (TTEK) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Tetra Tech (TTEK) came out with quarterly earnings of $1.17 per share, beating the Zacks Consensus Estimate of $0.96 per share. | c734dc77-0827-4ee1-893c-8092e2168d34 |
709603.0 | 2023-05-09 00:00:00 UTC | Why Donaldson (DCI) is a Top Growth Stock for the Long-Term | DCI | https://www.nasdaq.com/articles/why-donaldson-dci-is-a-top-growth-stock-for-the-long-term | nan | nan | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Donaldson (DCI)
Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. It was founded in 1915.
DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0 to $3.05 per share. DCI boasts an average earnings surprise of 2.2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DCI should be on investors' short list.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | 3068e9e6-b05c-4081-96de-7d764a6e6cf2 |
709604.0 | 2023-05-09 00:00:00 UTC | CECO Environmental (CECO) Q1 Earnings Meet Estimates | DCI | https://www.nasdaq.com/articles/ceco-environmental-ceco-q1-earnings-meet-estimates | nan | nan | CECO Environmental (CECO) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this maker of air pollution controls and industrial ventilation systems would post earnings of $0.20 per share when it actually produced earnings of $0.21, delivering a surprise of 5%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
CECO, which belongs to the Zacks Pollution Control industry, posted revenues of $112.56 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.59%. This compares to year-ago revenues of $92.44 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CECO shares have added about 3.7% since the beginning of the year versus the S&P 500's gain of 7.8%.
What's Next for CECO?
While CECO has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for CECO: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.16 on $116.02 million in revenues for the coming quarter and $0.75 on $479.85 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2023. The results are expected to be released on May 31.
This maker of filtration systems is expected to post quarterly earnings of $0.74 per share in its upcoming report, which represents a year-over-year change of +10.5%. The consensus EPS estimate for the quarter has been revised 0.8% higher over the last 30 days to the current level.
Donaldson's revenues are expected to be $871.53 million, up 2.2% from the year-ago quarter.
The New Gold Rush: How Lithium Batteries Will Make Millionaires
As the electric vehicle revolution expands, investors have a chance to target huge gains. Millions of lithium batteries are being made & demand is expected to increase 889%.
Download the brand-new FREE report revealing 5 EV battery stocks set to soar.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECO) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2023. Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2023. CECO, which belongs to the Zacks Pollution Control industry, posted revenues of $112.56 million for the quarter ended March 2023, surpassing the Zacks Consensus Estimate by 3.59%. | Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2023. CECO Environmental (CECO) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2023. Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. CECO Environmental (CECO) came out with quarterly earnings of $0.10 per share, in line with the Zacks Consensus Estimate. | c61c3ca1-9ab9-463e-97fa-30ce7696f524 |
709605.0 | 2023-04-20 00:00:00 UTC | Morgan Stanley Maintains Donaldson (DCI) Overweight Recommendation | DCI | https://www.nasdaq.com/articles/morgan-stanley-maintains-donaldson-dci-overweight-recommendation | nan | nan | Fintel reports that on April 20, 2023, Morgan Stanley maintained coverage of Donaldson (NYSE:DCI) with a Overweight recommendation.
Analyst Price Forecast Suggests 8.78% Upside
As of April 6, 2023, the average one-year price target for Donaldson is $69.10. The forecasts range from a low of $64.64 to a high of $73.50. The average price target represents an increase of 8.78% from its latest reported closing price of $63.53.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Donaldson is $3,465MM, an increase of 1.35%. The projected annual non-GAAP EPS is $3.01.
Donaldson Declares $0.23 Dividend
On January 26, 2023 the company declared a regular quarterly dividend of $0.23 per share ($0.92 annualized). Shareholders of record as of February 10, 2023 received the payment on February 27, 2023. Previously, the company paid $0.23 per share.
At the current share price of $63.53 / share, the stock's dividend yield is 1.45%. Looking back five years and taking a sample every week, the average dividend yield has been 1.59%, the lowest has been 1.27%, and the highest has been 2.53%. The standard deviation of yields is 0.18 (n=235).
The current dividend yield is 0.78 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.31. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.10%, demonstrating that it has increased its dividend over time.
What are Other Shareholders Doing?
SDY - SPDR(R) S&P(R) Dividend ETF holds 2,519K shares representing 2.08% ownership of the company. In it's prior filing, the firm reported owning 2,906K shares, representing a decrease of 15.40%. The firm decreased its portfolio allocation in DCI by 10.75% over the last quarter.
Illinois Municipal Retirement Fund holds 26K shares representing 0.02% ownership of the company. No change in the last quarter.
Private Advisor Group holds 29K shares representing 0.02% ownership of the company. No change in the last quarter.
DEUS - Xtrackers Russell 1000 Comprehensive Factor ETF holds 3K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 3K shares, representing a decrease of 7.72%. The firm increased its portfolio allocation in DCI by 11.05% over the last quarter.
Fox Run Management, L.l.c. holds 4K shares representing 0.00% ownership of the company. In it's prior filing, the firm reported owning 0K shares, representing an increase of 100.00%.
What is the Fund Sentiment?
There are 821 funds or institutions reporting positions in Donaldson. This is an increase of 42 owner(s) or 5.39% in the last quarter. Average portfolio weight of all funds dedicated to DCI is 0.18%, a decrease of 6.01%. Total shares owned by institutions decreased in the last three months by 0.95% to 116,056K shares.
The put/call ratio of DCI is 0.81, indicating a bullish outlook.
Donaldson Background Information
(This description is provided by the company.)
ounded in 1915, Donaldson is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers-from small business owners to the world's biggest OE brands-to solve complex filtration challenges.
See all Donaldson regulatory filings.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that on April 20, 2023, Morgan Stanley maintained coverage of Donaldson (NYSE:DCI) with a Overweight recommendation. The firm decreased its portfolio allocation in DCI by 10.75% over the last quarter. The firm increased its portfolio allocation in DCI by 11.05% over the last quarter. | Fintel reports that on April 20, 2023, Morgan Stanley maintained coverage of Donaldson (NYSE:DCI) with a Overweight recommendation. The firm decreased its portfolio allocation in DCI by 10.75% over the last quarter. The firm increased its portfolio allocation in DCI by 11.05% over the last quarter. | Fintel reports that on April 20, 2023, Morgan Stanley maintained coverage of Donaldson (NYSE:DCI) with a Overweight recommendation. The firm decreased its portfolio allocation in DCI by 10.75% over the last quarter. The firm increased its portfolio allocation in DCI by 11.05% over the last quarter. | Fintel reports that on April 20, 2023, Morgan Stanley maintained coverage of Donaldson (NYSE:DCI) with a Overweight recommendation. The firm decreased its portfolio allocation in DCI by 10.75% over the last quarter. The firm increased its portfolio allocation in DCI by 11.05% over the last quarter. | 0c868b7d-e2fe-40b8-b29a-cd536ffb2a2f |
709606.0 | 2023-04-18 00:00:00 UTC | Validea's Top 5 Industrial Stocks Based On Warren Buffett - 4/18/2023 | DCI | https://www.nasdaq.com/articles/valideas-top-5-industrial-stocks-based-on-warren-buffett-4-18-2023 | nan | nan | The following are the top rated Industrial stocks according to Validea's Patient Investor model based on the published strategy of Warren Buffett. This strategy seeks out firms with long-term, predictable profitability and low debt that trade at reasonable valuations.
TREX COMPANY INC (TREX) is a mid-cap growth stock in the Forestry & Wood Products industry. The rating according to our strategy based on Warren Buffett is 93% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Trex Company, Inc. is a manufacturer of wood-alternative decking and residential railing and outdoor living products and accessories, which are marketed under the brand name Trex. The Company also designs, engineer and markets modular and architectural railing and staging systems, for the commercial and multi-family market, including sports stadiums and performing arts venues. Its segments include Trex Residential Products and Trex Commercial Products. Its Trex Residential Products segment manufactures outdoor living products, consisting of composite decking and railing products, hidden fasteners, and outdoor living accessories. The Company offers a range of products, such as Trex Outdoor Furniture, Trex RainEscape, Trex Pergola, Trex Latticeworks, Trex Cornhole Boards, Diablo Trex Blade, Trex SpiralStairs and Structural Steel Posts, and others. Its Trex Outdoor Furniture, which is a line of outdoor furniture products. Its Trex RainEscape, which is an above joist deck drainage system.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of TREX COMPANY INC
TREX Guru Analysis
TREX Fundamental Analysis
ILLINOIS TOOL WORKS INC. (ITW) is a large-cap growth stock in the Auto & Truck Parts industry. The rating according to our strategy based on Warren Buffett is 89% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Illinois Tool Works Inc. is a manufacturer of a range of industrial products and equipment. The Company's segments include Automotive OEM, Food Equipment, Test & Measurement and Electronics; Welding, Polymers & Fluids, Construction Products, and Specialty Products. Its Automotive OEM segment produces components and fasteners for automotive-related applications. Food Equipment segment produces ware washing equipment, cooking equipment, refrigeration equipment, food processing equipment, and kitchen exhaust, ventilation and pollution control systems. Its Test & Measurement and Electronics segment produces equipment, consumables, and related software for testing and measuring of materials and structures, as well as equipment and consumables used in the production of electronic subassemblies and microelectronics. Its Welding segment produces arc welding equipment, consumables and accessories for a range of industrial and commercial applications.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of ILLINOIS TOOL WORKS INC.
ITW Guru Analysis
ITW Fundamental Analysis
RELX PLC (ADR) (RELX) is a large-cap growth stock in the Printing & Publishing industry. The rating according to our strategy based on Warren Buffett is 82% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: RELX PLC is a global provider of information-based analytics and decision tools for professional and business customers. The Company serves customers in approximately 180 countries and has offices in about 40 countries. It operates in four market segments: Risk; Scientific, Technical & Medical; Legal; and Exhibitions. Its Risk segment provides customers with information-based analytics and decision tools that combine public and industry-specific content with advanced technology and algorithms. Its Scientific, Technical & Medical segment provides information and analytics that help institutions and professionals progress science, advance healthcare and improve performance. Its Legal segment provides legal, regulatory and business information and analytics that helps customers increase their productivity and decision-making. Its Exhibitions segment combines face-to-face with data and digital tools to help customers learn about markets source products and complete transactions.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: PASS
Detailed Analysis of RELX PLC (ADR)
RELX Guru Analysis
RELX Fundamental Analysis
ROLLINS INC (ROL) is a large-cap growth stock in the Business Services industry. The rating according to our strategy based on Warren Buffett is 77% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Rollins, Inc. (Rollins) is an international services company. The Company provides pest and wildlife control services and protection against termite damage, rodents, and insects to both residential and commercial customers through its wholly owned subsidiaries and independent franchises located in approximately 70 countries, including United States, Canada, Australia, Europe, and Asia with international franchises in Canada, Central and South America, the Caribbean, Europe, the Middle East, Asia, Africa, and Australia. Rollins operates under three business lines, namely Residential, which includes pest control services protecting residential properties from common pests, including rodents, insects and wildlife; Commercial, which consist of workplace pest control solutions for customers across diverse end markets such as healthcare, foodservice, logistics, and Termite, which consist of traditional and baiting termite protection services and ancillary services for customers.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: PASS
SHARE REPURCHASE: NEUTRAL
INITIAL RATE OF RETURN: FAIL
EXPECTED RETURN: PASS
Detailed Analysis of ROLLINS INC
ROL Guru Analysis
ROL Fundamental Analysis
DONALDSON COMPANY INC (DCI) is a mid-cap growth stock in the Misc. Capital Goods industry. The rating according to our strategy based on Warren Buffett is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest.
Company Description: Donaldson Company, Inc. provides technology-led filtration products and solutions, serving a range of industries and advanced markets. The Company's segments include Mobile Solutions, Industrial Products, and Life Sciences. The Mobile Solutions segment consists of the Off-Road, On-Road and Aftermarket business units. Its products include replacement filters for both air and liquid filtration applications, air filtration systems, fuel and lube systems, hydraulic applications and exhaust and emissions systems and sensors, indicators and monitoring systems. The Industrial Solutions segment consists of the Industrial Filtration Solutions (IFS) and Aerospace and Defense business units. The products under IFS business units includes dust, fume and mist collectors, compressed air purification systems, air filtration systems for gas turbines. The Life Sciences segment consists of micro-environment gas and liquid filtration for food, beverage and industrial processes, bioprocessing equipment.
The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria.
EARNINGS PREDICTABILITY: PASS
DEBT SERVICE: PASS
RETURN ON EQUITY: PASS
RETURN ON TOTAL CAPITAL: PASS
FREE CASH FLOW: PASS
USE OF RETAINED EARNINGS: FAIL
SHARE REPURCHASE: PASS
INITIAL RATE OF RETURN: PASS
EXPECTED RETURN: FAIL
Detailed Analysis of DONALDSON COMPANY INC
DCI Guru Analysis
DCI Fundamental Analysis
Warren Buffett Portfolio
Top Warren Buffett Stocks
About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. As the chairman of Berkshire Hathaway, Buffett has consistently outperformed the S&P 500 for decades, and in the process has become one of the world's richest men. (Forbes puts his net worth at $37 billion.) Despite his fortune, Buffett is known for living a modest lifestyle, by billionaire standards. His primary residence remains the gray stucco Nebraska home he purchased for $31,500 nearly 50 years ago, according to Forbes, and his folksy Midwestern manner and penchant for simple pleasures -- a cherry Coke, a good burger, and a good book are all near the top of the list -- have been well-documented.
About Validea: Validea is aninvestment researchservice that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, click here
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Detailed Analysis of ROLLINS INC ROL Guru Analysis ROL Fundamental Analysis DONALDSON COMPANY INC (DCI) is a mid-cap growth stock in the Misc. Detailed Analysis of DONALDSON COMPANY INC DCI Guru Analysis DCI Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. Its Scientific, Technical & Medical segment provides information and analytics that help institutions and professionals progress science, advance healthcare and improve performance. | Detailed Analysis of DONALDSON COMPANY INC DCI Guru Analysis DCI Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. Detailed Analysis of ROLLINS INC ROL Guru Analysis ROL Fundamental Analysis DONALDSON COMPANY INC (DCI) is a mid-cap growth stock in the Misc. Detailed Analysis of ILLINOIS TOOL WORKS INC. ITW Guru Analysis ITW Fundamental Analysis RELX PLC (ADR) (RELX) is a large-cap growth stock in the Printing & Publishing industry. | Detailed Analysis of DONALDSON COMPANY INC DCI Guru Analysis DCI Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. Detailed Analysis of ROLLINS INC ROL Guru Analysis ROL Fundamental Analysis DONALDSON COMPANY INC (DCI) is a mid-cap growth stock in the Misc. The Company offers a range of products, such as Trex Outdoor Furniture, Trex RainEscape, Trex Pergola, Trex Latticeworks, Trex Cornhole Boards, Diablo Trex Blade, Trex SpiralStairs and Structural Steel Posts, and others. | Detailed Analysis of ROLLINS INC ROL Guru Analysis ROL Fundamental Analysis DONALDSON COMPANY INC (DCI) is a mid-cap growth stock in the Misc. Detailed Analysis of DONALDSON COMPANY INC DCI Guru Analysis DCI Fundamental Analysis Warren Buffett Portfolio Top Warren Buffett Stocks About Warren Buffett: Warren Buffett is considered by many to be the greatest investor of all time. Its segments include Trex Residential Products and Trex Commercial Products. | 63c7394a-0361-4a3d-b7ee-59aa175027c8 |
709607.0 | 2023-04-05 00:00:00 UTC | Are You a Growth Investor? This 1 Stock Could Be the Perfect Pick | DCI | https://www.nasdaq.com/articles/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick-208 | nan | nan | Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Donaldson (DCI)
Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. It was founded in 1915.
DCI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.05 to $3.05 per share. DCI also boasts an average earnings surprise of 2.2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DCI should be on investors' short list.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | DCI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | cbc4a0f6-688b-491e-945e-ba484f75faca |
709608.0 | 2023-03-31 00:00:00 UTC | Donaldson (DCI) Down 2.8% Since Last Earnings Report: Can It Rebound? | DCI | https://www.nasdaq.com/articles/donaldson-dci-down-2.8-since-last-earnings-report%3A-can-it-rebound | nan | nan | A month has gone by since the last earnings report for Donaldson (DCI). Shares have lost about 2.8% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Donaldson due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
Donaldson Q2 Earnings Beat Estimates, Revenues Rise Y/Y
Donaldson’s second-quarter fiscal 2023 (ended Jan 31, 2023) earnings beat the Zacks Consensus Estimate by 8.7%. However, sales missed the same by 1.8%.
The bottom line improved 31.6% from the year-ago fiscal quarter’s 57 cents. The sales growth in the reported quarter was driven by accretive pricing.
Revenue Results
In the fiscal second quarter, Donaldson’s net sales reached $828.3 million, reflecting year-over-year growth of 3.2%. The top line missed the Zacks Consensus Estimate of $843 million.
Region-wise, DCI’s net sales in the United States/Canada increased 10.3% year over year. The top line expanded 4.3% in Europe, the Middle East and Africa and 14.1% in Latin America. However, the same decreased 16.4% in the Asia Pacific.
Donaldson started reporting revenues under three segments starting fiscal second-quarter of 2023. The segments are as follows: Mobile Solutions, Industrial Solutions and Life Sciences. A brief snapshot of the segmental sales is provided below:
Mobile Solutions’ (accounting for 63.1% of net sales in second-quarter fiscal 2023) sales were $522.5 million, reflecting year-over-year growth of 1.7%.
The results were positively impacted by 15.5% growth in Off-Road and 4.1% growth in On-Road. However, aftermarket sales declined 1.7% in the quarter.
Revenues generated from Industrial Solutions (accounting for 29.7% of net sales in second-quarter fiscal 2023) were $246.4 million, increasing 12.8% from the year-ago fiscal quarter.
The results benefited from sales growth of 10.7% in Industrial Filtration Solutions and 27.8% in Aerospace and Defense.
Revenues generated from Life Sciences (accounting for 7.2% of net sales in second-quarter fiscal 2023) were $59.4 million, decreasing 15.6% from the year-ago fiscal quarter.
Margin Profile
In the fiscal second quarter, Donaldson’s cost of sales decreased 1.6% year over year to $543.9 million. Gross profit jumped 13.9% to $284.4 million, while the gross margin increased 320 basis points (bps) to 34.3%. The margin results benefited from favorable pricing, partially offset by higher input costs.
Operating expenses increased 9.1% year over year to $168.1 million. Operating profit in the quarter under review increased 21.6% to $116.3 million. The operating margin was 14%, increasing 210 basis points (bps) year over year.
The effective tax rate in the quarter was 24.1%, in line with the year-ago quarter.
Balance Sheet & Cash Flow
While exiting second-quarter fiscal 2023, Donaldson’s cash and cash equivalents were $179.4 million, down 7.2% from $193.3 million recorded in the last fiscal year’s comparable quarter. Long-term debt was down 3% year over year to $624.8 million.
In the first six months of fiscal 2023, Donaldson repaid its long-term debt of $65 million.
In the same time period, DCI generated net cash of $220.5 million from operating activities, reflecting an increase of 177% from the year-ago figure. Capital expenditure (net) totaled $57.6 million compared with $33.5 million in the year-ago fiscal period. Free cash flow increased 251.8% to $162.9 million.
DCI also used $115.2 million to repurchase shares and $56.2 million to pay out dividends during the first six months of fiscal 2023.
Outlook
For fiscal 2023 (ending July 2023), Donaldson expects earnings per share of $2.89-$2.97 per share compared with the $2.91-$3.07 per share predicted earlier. The company anticipates adjusted earnings of $2.99-$3.07 per share. The mid-point of the guided range — $3.03 — is higher than the Zacks Consensus Estimate of $3 per share. Sales are anticipated to increase 2-6% from the fiscal 2022 level compared with 1-5% predicted earlier. Positive pricing is anticipated to have an accretive impact of 6%. However, movement in foreign currencies is expected to negatively impact sales by 4%.
On a segmental basis, Mobile Solutions’ sales are anticipated to increase 1-5% from the fiscal 2022 level. The segment’s performance is likely to benefit from low-single-digit growth in the aftermarket. On-road and off-road sales are expected to be up in mid-single digits and high-single digits, respectively.
Sales growth for Industrial Solutions is anticipated to be 8-12% from the fiscal 2022 figure, compared with 1-5% predicted earlier. The segment is likely to gain from high-single-digit growth in Industrial Filtration Solutions and low-double digits growth in Aerospace and Defense.
The company expects its Life Sciences sales to decline between 5% and9% due to weakness in the Disk Drive market.
The adjusted operating margin is expected to be 14.6-15.0% for fiscal 2023, compared with 14.5-15.1% anticipated earlier. Interest expenses are predicted to be approximately $20 million compared with the $18 million expected earlier. The effective tax rate is anticipated to be 24-26% compared with the 25-27% predicted.
Capital expenditure for the fiscal year is expected to be $115-$130 million compared with $115-$135 million expected earlier. Free cash flow conversion is anticipated to be 110-120% compared with 110-125% expected earlier. Share buybacks are expected to account for 2% of the outstanding shares.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in fresh estimates.
VGM Scores
Currently, Donaldson has a nice Growth Score of B, though it is lagging a bit on the Momentum Score front with a C. Following the exact same course, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions has been net zero. It comes with little surprise Donaldson has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the same time period, DCI generated net cash of $220.5 million from operating activities, reflecting an increase of 177% from the year-ago figure. A month has gone by since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 10.3% year over year. | A month has gone by since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 10.3% year over year. In the same time period, DCI generated net cash of $220.5 million from operating activities, reflecting an increase of 177% from the year-ago figure. | A month has gone by since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 10.3% year over year. In the same time period, DCI generated net cash of $220.5 million from operating activities, reflecting an increase of 177% from the year-ago figure. | A month has gone by since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 10.3% year over year. In the same time period, DCI generated net cash of $220.5 million from operating activities, reflecting an increase of 177% from the year-ago figure. | 59819f51-43af-46f7-84eb-b96bf515944d |
709609.0 | 2023-03-28 00:00:00 UTC | Has Donaldson (DCI) Outpaced Other Industrial Products Stocks This Year? | DCI | https://www.nasdaq.com/articles/has-donaldson-dci-outpaced-other-industrial-products-stocks-this-year | nan | nan | For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Donaldson (DCI) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.
Donaldson is one of 219 companies in the Industrial Products group. The Industrial Products group currently sits at #2 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Donaldson is currently sporting a Zacks Rank of #2 (Buy).
Over the past three months, the Zacks Consensus Estimate for DCI's full-year earnings has moved 1.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, DCI has moved about 8.2% on a year-to-date basis. Meanwhile, the Industrial Products sector has returned an average of -0.1% on a year-to-date basis. As we can see, Donaldson is performing better than its sector in the calendar year.
Another stock in the Industrial Products sector, Dover Corporation (DOV), has outperformed the sector so far this year. The stock's year-to-date return is 5.4%.
The consensus estimate for Dover Corporation's current year EPS has increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
To break things down more, Donaldson belongs to the Pollution Control industry, a group that includes 8 individual companies and currently sits at #57 in the Zacks Industry Rank. On average, this group has gained an average of 3.7% so far this year, meaning that DCI is performing better in terms of year-to-date returns.
On the other hand, Dover Corporation belongs to the Manufacturing - General Industrial industry. This 39-stock industry is currently ranked #91. The industry has moved +3.3% year to date.
Investors with an interest in Industrial Products stocks should continue to track Donaldson and Dover Corporation. These stocks will be looking to continue their solid performance.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock And 4 Runners Up
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
Dover Corporation (DOV) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Is Donaldson (DCI) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for DCI's full-year earnings has moved 1.7% higher. According to our latest data, DCI has moved about 8.2% on a year-to-date basis. | Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Dover Corporation (DOV) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Donaldson (DCI) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for DCI's full-year earnings has moved 1.7% higher. | Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Dover Corporation (DOV) : Free Stock Analysis Report To read this article on Zacks.com click here. Is Donaldson (DCI) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for DCI's full-year earnings has moved 1.7% higher. | On average, this group has gained an average of 3.7% so far this year, meaning that DCI is performing better in terms of year-to-date returns. Is Donaldson (DCI) one of those stocks right now? Over the past three months, the Zacks Consensus Estimate for DCI's full-year earnings has moved 1.7% higher. | 74f13305-ae88-4048-9a0e-6cfc8ed65664 |
709610.0 | 2023-03-17 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | DCI | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-70 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Nucor Corp. (Symbol: NUE) $145.42 $160.50 10.37%
PPG Industries Inc (Symbol: PPG) $126.55 $136.61 7.95%
Lincoln Electric Holdings, Inc. (Symbol: LECO) $162.79 $174.20 7.01%
Franklin Electric Co., Inc. (Symbol: FELE) $90.41 $96.00 6.18%
Donaldson Co. Inc. (Symbol: DCI) $63.98 $67.75 5.89%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
Nucor Corp. (Symbol: NUE) 1.40% 10.37% 11.77%
PPG Industries Inc (Symbol: PPG) 1.96% 7.95% 9.91%
Lincoln Electric Holdings, Inc. (Symbol: LECO) 1.57% 7.01% 8.58%
Franklin Electric Co., Inc. (Symbol: FELE) 1.00% 6.18% 7.18%
Donaldson Co. Inc. (Symbol: DCI) 1.44% 5.89% 7.33%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
Nucor Corp. (Symbol: NUE) $1.715 $2.01 17.20%
PPG Industries Inc (Symbol: PPG) $2.31 $2.45 6.06%
Lincoln Electric Holdings, Inc. (Symbol: LECO) $2.09 $2.32 11.00%
Franklin Electric Co., Inc. (Symbol: FELE) $0.72 $0.81 12.50%
Donaldson Co. Inc. (Symbol: DCI) $0.88 $0.92 4.55%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
Get the latest Zacks research report on FELE — FREE
Get the latest Zacks research report on DCI — FREE
Dividend Growth Stocks: 25 Aristocrats »
Also see:
Funds Holding CEV
Institutional Holders of KORZ
IBTG Videos
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Get the latest Zacks research report on FELE — FREE Get the latest Zacks research report on DCI — FREE Dividend Growth Stocks: 25 Aristocrats » Also see: Funds Holding CEV Institutional Holders of KORZ IBTG Videos The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Nucor Corp. (Symbol: NUE) $145.42 $160.50 10.37% PPG Industries Inc (Symbol: PPG) $126.55 $136.61 7.95% Lincoln Electric Holdings, Inc. (Symbol: LECO) $162.79 $174.20 7.01% Franklin Electric Co., Inc. (Symbol: FELE) $90.41 $96.00 6.18% Donaldson Co. Inc. (Symbol: DCI) $63.98 $67.75 5.89% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Nucor Corp. (Symbol: NUE) 1.40% 10.37% 11.77% PPG Industries Inc (Symbol: PPG) 1.96% 7.95% 9.91% Lincoln Electric Holdings, Inc. (Symbol: LECO) 1.57% 7.01% 8.58% Franklin Electric Co., Inc. (Symbol: FELE) 1.00% 6.18% 7.18% Donaldson Co. Inc. (Symbol: DCI) 1.44% 5.89% 7.33% Another consideration with dividend growth stocks is just how much the dividend is growing. | Nucor Corp. (Symbol: NUE) $145.42 $160.50 10.37% PPG Industries Inc (Symbol: PPG) $126.55 $136.61 7.95% Lincoln Electric Holdings, Inc. (Symbol: LECO) $162.79 $174.20 7.01% Franklin Electric Co., Inc. (Symbol: FELE) $90.41 $96.00 6.18% Donaldson Co. Inc. (Symbol: DCI) $63.98 $67.75 5.89% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Nucor Corp. (Symbol: NUE) 1.40% 10.37% 11.77% PPG Industries Inc (Symbol: PPG) 1.96% 7.95% 9.91% Lincoln Electric Holdings, Inc. (Symbol: LECO) 1.57% 7.01% 8.58% Franklin Electric Co., Inc. (Symbol: FELE) 1.00% 6.18% 7.18% Donaldson Co. Inc. (Symbol: DCI) 1.44% 5.89% 7.33% Another consideration with dividend growth stocks is just how much the dividend is growing. Nucor Corp. (Symbol: NUE) $1.715 $2.01 17.20% PPG Industries Inc (Symbol: PPG) $2.31 $2.45 6.06% Lincoln Electric Holdings, Inc. (Symbol: LECO) $2.09 $2.32 11.00% Franklin Electric Co., Inc. (Symbol: FELE) $0.72 $0.81 12.50% Donaldson Co. Inc. (Symbol: DCI) $0.88 $0.92 4.55% These five stocks are part of our full Dividend Aristocrats List. | Nucor Corp. (Symbol: NUE) $145.42 $160.50 10.37% PPG Industries Inc (Symbol: PPG) $126.55 $136.61 7.95% Lincoln Electric Holdings, Inc. (Symbol: LECO) $162.79 $174.20 7.01% Franklin Electric Co., Inc. (Symbol: FELE) $90.41 $96.00 6.18% Donaldson Co. Inc. (Symbol: DCI) $63.98 $67.75 5.89% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Nucor Corp. (Symbol: NUE) 1.40% 10.37% 11.77% PPG Industries Inc (Symbol: PPG) 1.96% 7.95% 9.91% Lincoln Electric Holdings, Inc. (Symbol: LECO) 1.57% 7.01% 8.58% Franklin Electric Co., Inc. (Symbol: FELE) 1.00% 6.18% 7.18% Donaldson Co. Inc. (Symbol: DCI) 1.44% 5.89% 7.33% Another consideration with dividend growth stocks is just how much the dividend is growing. Nucor Corp. (Symbol: NUE) $1.715 $2.01 17.20% PPG Industries Inc (Symbol: PPG) $2.31 $2.45 6.06% Lincoln Electric Holdings, Inc. (Symbol: LECO) $2.09 $2.32 11.00% Franklin Electric Co., Inc. (Symbol: FELE) $0.72 $0.81 12.50% Donaldson Co. Inc. (Symbol: DCI) $0.88 $0.92 4.55% These five stocks are part of our full Dividend Aristocrats List. | Nucor Corp. (Symbol: NUE) $145.42 $160.50 10.37% PPG Industries Inc (Symbol: PPG) $126.55 $136.61 7.95% Lincoln Electric Holdings, Inc. (Symbol: LECO) $162.79 $174.20 7.01% Franklin Electric Co., Inc. (Symbol: FELE) $90.41 $96.00 6.18% Donaldson Co. Inc. (Symbol: DCI) $63.98 $67.75 5.89% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Nucor Corp. (Symbol: NUE) 1.40% 10.37% 11.77% PPG Industries Inc (Symbol: PPG) 1.96% 7.95% 9.91% Lincoln Electric Holdings, Inc. (Symbol: LECO) 1.57% 7.01% 8.58% Franklin Electric Co., Inc. (Symbol: FELE) 1.00% 6.18% 7.18% Donaldson Co. Inc. (Symbol: DCI) 1.44% 5.89% 7.33% Another consideration with dividend growth stocks is just how much the dividend is growing. Nucor Corp. (Symbol: NUE) $1.715 $2.01 17.20% PPG Industries Inc (Symbol: PPG) $2.31 $2.45 6.06% Lincoln Electric Holdings, Inc. (Symbol: LECO) $2.09 $2.32 11.00% Franklin Electric Co., Inc. (Symbol: FELE) $0.72 $0.81 12.50% Donaldson Co. Inc. (Symbol: DCI) $0.88 $0.92 4.55% These five stocks are part of our full Dividend Aristocrats List. | b84999ff-25dd-4bf8-ab41-983ad5669adb |
709611.0 | 2023-03-13 00:00:00 UTC | Donaldson (DCI) Exhibits Strong Prospects Despite Headwinds | DCI | https://www.nasdaq.com/articles/donaldson-dci-exhibits-strong-prospects-despite-headwinds | nan | nan | Donaldson Company, Inc. DCI is benefiting from its presence in diverse end markets, including construction, mining, aerospace, defense, and food & beverage. Also, a strong product portfolio, solid demand and a focus on innovation are other tailwinds for DCI.
Mobile Solutions’ sales are driven by growth in On-Road and Off-Road sales, supported by elevated levels of medium and heavy-duty equipment production. Aftermarket sales are benefiting from improved global supply-chain conditions. Sales growth in industrial filtration solutions and aerospace and defense is aiding Industrial Solutions sales.
The company’s acquisition of Isolere Bio (February 2023) enabled it to create leading separation and filtration solutions for emerging genetic-based drugs. Also, the buyout of Purilogics, LLC (June 2022) strengthened DCI’s life sciences portfolio by leveraging the acquired entity’s unique product offerings. The acquisition of Solaris Biotechnology (in November 2021) strengthened its presence across several end markets, including food and beverage, biopharma and other major life sciences. Also, DCI acquired Pearson Arnold Industrial Services in the same month. Acquired assets are strengthening DCI’s top line.
DCI’s efforts to reward its shareholders through dividend payments and share repurchases are noteworthy. Donaldson paid out dividends worth $110.1 million and repurchased shares worth $170.6 million during fiscal 2022 (ended July 2022). In the first six months of fiscal 2023 (ended Jan 31, 2023), its dividend payments totaled $56.2 million. The company bought back shares worth $115.2 million in the same period. The board also announced a 4.5% hike in its quarterly dividend rate in May 2022.
However, Donaldson’s Life Sciences Segment is experiencing weakness due to continued disk drive market weakness. For fiscal 2023, management anticipates sales in the Life Sciences Segment to decline 5-9%. Supply-chain issues are added concerns for the company. High costs of raw materials, labor and freight are also weighing on Donaldson. For fiscal 2023, the company expects continued pressures from the high costs of raw materials, freight and labor.
Given DCI’s global presence, it is exposed to various environmental laws and regulations in the countries it operates. Also, Donaldson remains vulnerable to foreign currency and geopolitical issues. In second-quarter fiscal 2023, foreign currency translation had a negative impact of 4.3% on sales. The company anticipates foreign exchange headwinds to have an adverse impact of approximately 4% on its sales in fiscal 2023 (ending July 2023).
In the past six months, this current Zacks Rank #3 (Hold) stock has gained 23.2% compared with the industry’s rise of 4.7%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked companies from the Industrial Products sector are discussed below:
Deere & Company DE presently sports a Zacks Rank #1 (Strong Buy). DE’s earnings surprise in the last four quarters was 4.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, Deere & Company’s earnings estimates have increased 8.7% for fiscal 2023. The stock has rallied 9.8% in the past six months.
Ingersoll Rand Inc. IR presently carries a Zacks Rank #2 (Buy). IR’s earnings surprise in the last four quarters was 8.5%, on average.
In the past 60 days, Ingersoll Rand’s earnings estimates have increased 1.7% for 2023. The stock has gained 12.4% in the past six months.
AGCO Corporation AGCO presently has a Zacks Rank of 2. AGCO’s earnings surprise in the last four quarters was 13.4%, on average.
In the past 60 days, AGCO’s earnings estimates have increased 2.2% for 2023. The stock has rallied 21.7% in the past six months.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Deere & Company (DE) : Free Stock Analysis Report
AGCO Corporation (AGCO) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI is benefiting from its presence in diverse end markets, including construction, mining, aerospace, defense, and food & beverage. Also, the buyout of Purilogics, LLC (June 2022) strengthened DCI’s life sciences portfolio by leveraging the acquired entity’s unique product offerings. Also, a strong product portfolio, solid demand and a focus on innovation are other tailwinds for DCI. | Donaldson Company, Inc. DCI is benefiting from its presence in diverse end markets, including construction, mining, aerospace, defense, and food & beverage. Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Also, a strong product portfolio, solid demand and a focus on innovation are other tailwinds for DCI. | Click to get this free report Deere & Company (DE) : Free Stock Analysis Report AGCO Corporation (AGCO) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI is benefiting from its presence in diverse end markets, including construction, mining, aerospace, defense, and food & beverage. Also, a strong product portfolio, solid demand and a focus on innovation are other tailwinds for DCI. | Donaldson Company, Inc. DCI is benefiting from its presence in diverse end markets, including construction, mining, aerospace, defense, and food & beverage. Also, a strong product portfolio, solid demand and a focus on innovation are other tailwinds for DCI. Also, the buyout of Purilogics, LLC (June 2022) strengthened DCI’s life sciences portfolio by leveraging the acquired entity’s unique product offerings. | 956f506c-78cc-4f4b-9a07-341f7d2dbfac |
709612.0 | 2023-03-13 00:00:00 UTC | Why This 1 Growth Stock Could Be a Great Addition to Your Portfolio | DCI | https://www.nasdaq.com/articles/why-this-1-growth-stock-could-be-a-great-addition-to-your-portfolio-193 | nan | nan | It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Donaldson (DCI)
Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. It was founded in 1915.
DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year.
For fiscal 2023, five analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.06 to $3.05 per share. DCI boasts an average earnings surprise of 2.2%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, DCI should be on investors' short list.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. | Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | DCI is a #3 (Hold) on the Zacks Rank, with a VGM Score of B. Additionally, the company could be a top pick for growth investors. Stock to Watch: Donaldson (DCI) Headquartered in Bloomington, MN, Donaldson Company, Inc is engaged in the manufacturing and selling of filtration systems and replacement parts across the world. DCI has a Growth Style Score of B, forecasting year-over-year earnings growth of 13.8% for the current fiscal year. | 24da3626-b941-4dd8-8b45-42d5cc13239e |
709613.0 | 2023-03-07 00:00:00 UTC | Flowserve (FLS), Clariter Partner to Reduce Plastic Waste | DCI | https://www.nasdaq.com/articles/flowserve-fls-clariter-partner-to-reduce-plastic-waste | nan | nan | Flowserve Corporation FLS recently entered into a strategic partnership with global cleantech company Clariter to advance the production of the latter’s prime-quality green petrochemicals manufactured from plastic waste. The move aims to bring an end to plastic waste.
Complementing other traditional recycling techniques, Clariter’s chemical upcycling technology’s distinctive process recycles most of the plastic waste streams into crude oil-free products for industrial and everyday consumer use. These sustainably produced products like oils, waxes and solvents are of food-contact grade, meet the highest industry standards of purity and are on par with or exceed the benchmarks of its fossil-based equivalents.
Per the long-term deal, Flowserve will offer its flow-control expertise, optimum equipment sizing, and commissioning support to augment Clariter’s commercial production facilities. FLS will also act as the single-source supplier of all pumps, seals, valves and RedRaven products for Clariter’s initial four commercial-scale chemical recycling plants.
Once the construction of the plants is completed, Flowserve will continue to provide parts and aftermarket services to Clariter. Flowserve and Clariter will also develop new, sustainable formulations for the lubrication of pumps and valves from recycled plastic waste. This partnership is in line with Flowserve’s Diversification, Decarbonization and Digitization (3D) strategy.
Flowserve has been benefiting from strength across its oil & gas, chemical, power, general Industries and water end markets. The company focuses on acquiring businesses/assets to expand its product offerings. In February 2023, it inked a deal to acquire Velan Inc. in an all-cash transaction valued at approximately $245 million. The deal is expected to be completed by the end of the second quarter of 2023.
The buyout will strengthen Flowserve’s valves portfolio and build upon its existing assets through the addition of Velan’s premier brands, strong heritage and technical expertise in diverse end markets. Velan will become part of Flowserve’s Flow Control Division segment.
Within the broader Industrial Products sector, Donaldson Company, Inc. DCI and The Middleby Corporation MIDD aim at expanding market presence through inorganic activities.
In February 2023, Donaldson acquired Durham, NC-based early-stage biotechnology company Isolere Bio, which. produces novel and proprietary IsoTag reagents and accompanying filtration processes. These products are used for the purification and streamlined manufacturing of biopharmaceuticals.
The Isolere buyout will enable Donaldson to create leading separation and filtration solutions for emerging genetic-based drugs. DCI’s filtration excellence, together with Isolere’s affinity-phase separation technology, will bring end-to-end solutions to the life sciences industry. When commercialized, Isolere’s revenues will be reported within the Donaldson Life Sciences segment.
In December 2022, Middleby acquired Marco Beverage Systems, a designer and manufacturer of innovative and energy-efficient beverage dispensing solutions. Located in Dublin, Ireland, Marco Beverage generates annual revenues of $30 million. Apart from Dublin, the company has a facility in Ningbo, China.
The acquisition complements Middleby’s existing beverage portfolio, expanding the company’s cold brew dispense, coffee brewers, and a variety of hot, cold and sparkling water dispenser offerings. The buyout also allows MIDD to leverage Macro Beverage’s touchless and in-counter dispense technology solutions, which are in demand due to its space-saving and handy features.
Free Report: Must-See Energy Stocks for 2023
Record profits at oil companies can mean big gains for you. With soaring demand and elevated prices, oil stocks could be top performers by far in 2023. Zacks has released a special report revealing the 4 oil stocks experts believe will deliver the biggest gains. (You’ll never guess Stock #2!)
Download Oil Market on Fire today, absolutely free.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Flowserve Corporation (FLS) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
The Middleby Corporation (MIDD) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Within the broader Industrial Products sector, Donaldson Company, Inc. DCI and The Middleby Corporation MIDD aim at expanding market presence through inorganic activities. DCI’s filtration excellence, together with Isolere’s affinity-phase separation technology, will bring end-to-end solutions to the life sciences industry. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report The Middleby Corporation (MIDD) : Free Stock Analysis Report To read this article on Zacks.com click here. | Within the broader Industrial Products sector, Donaldson Company, Inc. DCI and The Middleby Corporation MIDD aim at expanding market presence through inorganic activities. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report The Middleby Corporation (MIDD) : Free Stock Analysis Report To read this article on Zacks.com click here. DCI’s filtration excellence, together with Isolere’s affinity-phase separation technology, will bring end-to-end solutions to the life sciences industry. | Within the broader Industrial Products sector, Donaldson Company, Inc. DCI and The Middleby Corporation MIDD aim at expanding market presence through inorganic activities. Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report The Middleby Corporation (MIDD) : Free Stock Analysis Report To read this article on Zacks.com click here. DCI’s filtration excellence, together with Isolere’s affinity-phase separation technology, will bring end-to-end solutions to the life sciences industry. | Click to get this free report Flowserve Corporation (FLS) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report The Middleby Corporation (MIDD) : Free Stock Analysis Report To read this article on Zacks.com click here. Within the broader Industrial Products sector, Donaldson Company, Inc. DCI and The Middleby Corporation MIDD aim at expanding market presence through inorganic activities. DCI’s filtration excellence, together with Isolere’s affinity-phase separation technology, will bring end-to-end solutions to the life sciences industry. | a4f22182-0416-4b50-be96-9955eb7459d3 |
709614.0 | 2023-03-01 00:00:00 UTC | Donaldson (DCI) Q2 Earnings Top Estimates | DCI | https://www.nasdaq.com/articles/donaldson-dci-q2-earnings-top-estimates | nan | nan | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.57 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.70%. A quarter ago, it was expected that this maker of filtration systems would post earnings of $0.70 per share when it actually produced earnings of $0.75, delivering a surprise of 7.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Donaldson, which belongs to the Zacks Pollution Control industry, posted revenues of $828.3 million for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.75%. This compares to year-ago revenues of $802.5 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Donaldson shares have added about 7.4% since the beginning of the year versus the S&P 500's gain of 3.4%.
What's Next for Donaldson?
While Donaldson has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Donaldson: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.74 on $863.01 million in revenues for the coming quarter and $3 on $3.44 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the top 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Industrial Products sector, Northwest Pipe Co. (NWPX), is yet to report results for the quarter ended December 2022.
This steel pipe maker is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Northwest Pipe Co.'s revenues are expected to be $107.69 million, up 5% from the year-ago quarter.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
Northwest Pipe Company (NWPX) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.69 per share. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Northwest Pipe Company (NWPX) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. | Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Northwest Pipe Company (NWPX) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.69 per share. Donaldson, which belongs to the Zacks Pollution Control industry, posted revenues of $828.3 million for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.75%. | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.69 per share. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Northwest Pipe Company (NWPX) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson, which belongs to the Zacks Pollution Control industry, posted revenues of $828.3 million for the quarter ended January 2023, missing the Zacks Consensus Estimate by 1.75%. | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.69 per share. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Northwest Pipe Company (NWPX) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. | 0871ddbb-60f6-41f3-a408-9be90746699d |
709615.0 | 2023-03-01 00:00:00 UTC | Donaldson Boosts FY23 Outlook As Q2 Adj. EPS Tops Estimates | DCI | https://www.nasdaq.com/articles/donaldson-boosts-fy23-outlook-as-q2-adj.-eps-tops-estimates | nan | nan | (RTTNews) - While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023.
For fiscal 2023, Donaldson now projects earnings in a range of $2.89 to $2.97 per share and adjusted earnings in a range of $2.99 to $3.07 per share on net sales growth of 2 to 6 percent.
Previously, the company expected earnings in the range of $2.86 to $3.02 per share and adjusted earnings in the range of $2.91 to $3.07 per share on net sales growth of 1 to 5 percent.
On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $2.99 per share on sales growth of 3.90 percent to $3.43 billion for the year. Analysts' estimates typically exclude special items.
For the second quarter, the company reported net earnings of $86.0 million or $0.70 per share, up from $71.8 million or $0.57 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter were $0.75 per share, compared to $0.57 per share in the year-ago quarter.
Net sales for the quarter increased 3.2 percent to $828.3 million from $802.5 million in the same quarter last year.
The Street was looking for earnings of $0.69 per share on net sales of $837.62 million for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023. On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $2.99 per share on sales growth of 3.90 percent to $3.43 billion for the year. The Street was looking for earnings of $0.69 per share on net sales of $837.62 million for the quarter. | (RTTNews) - While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023. For fiscal 2023, Donaldson now projects earnings in a range of $2.89 to $2.97 per share and adjusted earnings in a range of $2.99 to $3.07 per share on net sales growth of 2 to 6 percent. Previously, the company expected earnings in the range of $2.86 to $3.02 per share and adjusted earnings in the range of $2.91 to $3.07 per share on net sales growth of 1 to 5 percent. | (RTTNews) - While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023. For fiscal 2023, Donaldson now projects earnings in a range of $2.89 to $2.97 per share and adjusted earnings in a range of $2.99 to $3.07 per share on net sales growth of 2 to 6 percent. Previously, the company expected earnings in the range of $2.86 to $3.02 per share and adjusted earnings in the range of $2.91 to $3.07 per share on net sales growth of 1 to 5 percent. | (RTTNews) - While reporting financial results for the second quarter on Wednesday, Donaldson Co. Inc. (DCI) raised its earnings, adjusted earnings and sales growth guidance for the full-year 2023. For fiscal 2023, Donaldson now projects earnings in a range of $2.89 to $2.97 per share and adjusted earnings in a range of $2.99 to $3.07 per share on net sales growth of 2 to 6 percent. For the second quarter, the company reported net earnings of $86.0 million or $0.70 per share, up from $71.8 million or $0.57 per share in the prior-year quarter. | 794dd27c-f32f-4c91-8f68-4a338a634227 |
709616.0 | 2023-02-28 00:00:00 UTC | CECO Environmental Corp. (CECO) Hits Fresh High: Is There Still Room to Run? | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp.-ceco-hits-fresh-high%3A-is-there-still-room-to-run-0 | nan | nan | Have you been paying attention to shares of CECO Environmental (CECO)? Shares have been on the move with the stock up 6.2% over the past month. The stock hit a new 52-week high of $15.6 in the previous session. CECO Environmental has gained 25.9% since the start of the year compared to the 5.3% move for the Zacks Industrial Products sector and the 1.4% return for the Zacks Pollution Control industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 7, 2022, CECO reported EPS of $0.2 versus consensus estimate of $0.14.
For the current fiscal year, CECO is expected to post earnings of $0.94 per share on $410.15 million in revenues.
Valuation Metrics
CECO may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
CECO has a Value Score of B. The stock's Growth and Momentum Scores are A and D, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 15.7X current fiscal year EPS estimates, which is not in-line with the peer industry average of 21.1X. On a trailing cash flow basis, the stock currently trades at 26.2X versus its peer group's average of 17.1X. Additionally, the stock has a PEG ratio of 1.04. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, CECO currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if CECO passes the test. Thus, it seems as though CECO shares could have potential in the weeks and months to come.
How Does CECO Stack Up to the Competition?
Shares of CECO have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F.
Earnings were strong last quarter. Donaldson Company, Inc. beat our consensus estimate by 7.14%, and for the current fiscal year, DCI is expected to post earnings of $3 per share on revenue of $3.44 billion.
Shares of Donaldson Company, Inc. have gained 3.6% over the past month, and currently trade at a forward P/E of 21.08X and a P/CF of 18.08X.
The Pollution Control industry is in the top 4% of all the industries we have in our universe, so it looks like there are some nice tailwinds for CECO and DCI, even beyond their own solid fundamental situation.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECO) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. beat our consensus estimate by 7.14%, and for the current fiscal year, DCI is expected to post earnings of $3 per share on revenue of $3.44 billion. One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. | Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. | Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. | One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. Donaldson Company, Inc. beat our consensus estimate by 7.14%, and for the current fiscal year, DCI is expected to post earnings of $3 per share on revenue of $3.44 billion. | e3ff0008-2159-4c39-8c27-a28b6a74c10e |
709617.0 | 2023-02-28 00:00:00 UTC | Pre-Market Earnings Report for March 1, 2023 : RY, LOW, DLTR, HZNP, FWONK, VST, DCI, HR, CLH, LSXMK, CLVT, STWD | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-for-march-1-2023-%3A-ry-low-dltr-hznp-fwonk-vst-dci-hr-clh-0 | nan | nan | The following companies are expected to report earnings prior to market open on 03/01/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Royal Bank Of Canada (RY)is reporting for the quarter ending January 31, 2023. The bank (foreign) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.17. This value represents a 4.82% decrease compared to the same quarter last year. In the past year RY has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.47%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RY is 11.78 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Lowe's Companies, Inc. (LOW)is reporting for the quarter ending January 31, 2023. The building company's consensus earnings per share forecast from the 14 analysts that follow the stock is $2.21. This value represents a 24.16% increase compared to the same quarter last year. In the past year LOW has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 5.14%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for LOW is 14.89 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Dollar Tree, Inc. (DLTR)is reporting for the quarter ending January 31, 2023. The discount retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $2.03. This value represents a 1.00% increase compared to the same quarter last year. In the past year DLTR has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.56%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DLTR is 19.98 vs. an industry ratio of 26.00.
Horizon Therapeutics Public Limited Company (HZNP)is reporting for the quarter ending December 31, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.09. This value represents a 22.70% decrease compared to the same quarter last year. HZNP missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -20.74%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for HZNP is 25.97 vs. an industry ratio of 3.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Liberty Media Corporation (FWONK)is reporting for the quarter ending December 31, 2022. The media company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.09. This value represents a 114.06% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FWONK is 79.72 vs. an industry ratio of 37.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Vistra Corp. (VST)is reporting for the quarter ending December 31, 2022. The electric power utilities company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.19. This value represents a 86.90% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VST is 16.60 vs. an industry ratio of 9.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.69. This value represents a 21.05% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Healthcare Realty Trust Incorporated (HR)is reporting for the quarter ending December 31, 2022. The reit company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.40. This value represents a 6.98% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for HR is 11.67 vs. an industry ratio of 12.60.
Clean Harbors, Inc. (CLH)is reporting for the quarter ending December 31, 2022. The waste removal company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.29. This value represents a 44.94% increase compared to the same quarter last year. In the past year CLH has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 20.3%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CLH is 19.09 vs. an industry ratio of 22.30.
Liberty Media Corporation (LSXMK)is reporting for the quarter ending December 31, 2022. The satellite communications company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.58. This value represents a 390.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LSXMK is 8.56 vs. an industry ratio of 96.00.
Clarivate Plc (CLVT)is reporting for the quarter ending December 31, 2022. The internet software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.13. This value represents a 31.58% decrease compared to the same quarter last year. In the past year CLVT has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CLVT is 15.60 vs. an industry ratio of 1.60, implying that they will have a higher earnings growth than their competitors in the same industry.
STARWOOD PROPERTY TRUST, INC. (STWD)is reporting for the quarter ending December 31, 2022. The reit company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.47. This value represents a 56.07% decrease compared to the same quarter last year. In the past year STWD has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.26%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for STWD is 8.97 vs. an industry ratio of 7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. The biomedical (gene) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.09. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RY is 11.78 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RY is 11.78 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year RY has beat the expectations every quarter. | 514c0150-dc1f-41f4-9bc5-1e83539acc4b |
709618.0 | 2023-02-28 00:00:00 UTC | Pre-Market Earnings Report for March 1, 2023 : RY, LOW, DLTR, HZNP, FWONK, VST, DCI, HR, CLH, LSXMK, CLVT, STWD | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-for-march-1-2023-%3A-ry-low-dltr-hznp-fwonk-vst-dci-hr-clh-lsxmk | nan | nan | The following companies are expected to report earnings prior to market open on 03/01/2023. Visit our Earnings Calendar for a full list of expected earnings releases.
Royal Bank Of Canada (RY)is reporting for the quarter ending January 31, 2023. The bank (foreign) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.17. This value represents a 4.82% decrease compared to the same quarter last year. In the past year RY has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 3.47%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RY is 11.78 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Lowe's Companies, Inc. (LOW)is reporting for the quarter ending January 31, 2023. The building company's consensus earnings per share forecast from the 14 analysts that follow the stock is $2.21. This value represents a 24.16% increase compared to the same quarter last year. In the past year LOW has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 5.14%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for LOW is 14.89 vs. an industry ratio of 13.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Dollar Tree, Inc. (DLTR)is reporting for the quarter ending January 31, 2023. The discount retail company's consensus earnings per share forecast from the 12 analysts that follow the stock is $2.03. This value represents a 1.00% increase compared to the same quarter last year. In the past year DLTR has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 2.56%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DLTR is 19.98 vs. an industry ratio of 26.00.
Horizon Therapeutics Public Limited Company (HZNP)is reporting for the quarter ending December 31, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.09. This value represents a 22.70% decrease compared to the same quarter last year. HZNP missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -20.74%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for HZNP is 25.97 vs. an industry ratio of 3.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Liberty Media Corporation (FWONK)is reporting for the quarter ending December 31, 2022. The media company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.09. This value represents a 114.06% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2022 Price to Earnings ratio for FWONK is 79.72 vs. an industry ratio of 37.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Vistra Corp. (VST)is reporting for the quarter ending December 31, 2022. The electric power utilities company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.19. This value represents a 86.90% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for VST is 16.60 vs. an industry ratio of 9.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.69. This value represents a 21.05% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry.
Healthcare Realty Trust Incorporated (HR)is reporting for the quarter ending December 31, 2022. The reit company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.40. This value represents a 6.98% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for HR is 11.67 vs. an industry ratio of 12.60.
Clean Harbors, Inc. (CLH)is reporting for the quarter ending December 31, 2022. The waste removal company's consensus earnings per share forecast from the 3 analysts that follow the stock is $1.29. This value represents a 44.94% increase compared to the same quarter last year. In the past year CLH has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 20.3%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CLH is 19.09 vs. an industry ratio of 22.30.
Liberty Media Corporation (LSXMK)is reporting for the quarter ending December 31, 2022. The satellite communications company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.58. This value represents a 390.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LSXMK is 8.56 vs. an industry ratio of 96.00.
Clarivate Plc (CLVT)is reporting for the quarter ending December 31, 2022. The internet software company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.13. This value represents a 31.58% decrease compared to the same quarter last year. In the past year CLVT has met analyst expectations once and beat the expectations the other three quarters. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CLVT is 15.60 vs. an industry ratio of 1.60, implying that they will have a higher earnings growth than their competitors in the same industry.
STARWOOD PROPERTY TRUST, INC. (STWD)is reporting for the quarter ending December 31, 2022. The reit company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.47. This value represents a 56.07% decrease compared to the same quarter last year. In the past year STWD has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 4.26%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for STWD is 8.97 vs. an industry ratio of 7.80, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. The biomedical (gene) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $1.09. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RY is 11.78 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2023 Price to Earnings ratio for RY is 11.78 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending January 31, 2023. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 21.05 vs. an industry ratio of 11.60, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year RY has beat the expectations every quarter. | 5caca8b5-8a78-4fc2-9149-fbb6385b7d3b |
709619.0 | 2023-02-24 00:00:00 UTC | Donaldson (DCI) Acquires Biotechnology Company Isolere Bio | DCI | https://www.nasdaq.com/articles/donaldson-dci-acquires-biotechnology-company-isolere-bio | nan | nan | Donaldson Company, Inc. DCI has acquired Durham, NC-based early-stage biotechnology company Isolere Bio. The financial terms of the transaction were kept under wraps.
Isolere Bio produces novel and proprietary IsoTag reagents and accompanying filtration processes. These products are used for the purification and streamlined manufacturing of biopharmaceuticals. Compared to competing solutions, IsoTag reagents are made to enhance product quality and purity to provide quick and affordable therapy to patients worldwide. It is worth noting that the IsoTag reagents were initially aimed for the purification of viral vectors used for cell and gene therapies.
The Isolere buyout will enable Donaldson to create leading separation and filtration solutions for emerging genetic-based drugs. Donaldson’s filtration excellence, together with Isolere’s affinity-phase separation technology, will bring end-to-end solutions to the life sciences industry.
When commercialized, Isolere’s revenues will be reported within the Donaldson Life Sciences segment.
Donaldson Company, Inc. Price
Donaldson Company, Inc. price | Donaldson Company, Inc. Quote
“With the integral addition of Isolere to our Life Sciences portfolio, Donaldson is positioned to create premier separation and filtration solutions for emerging genetic-based drugs,” said Tod Carpenter, chairman, president and chief executive officer of Donaldson.
Zacks Rank & Other Stocks to Consider
DCI currently has a Zacks Rank #2 (Buy). Some other top-ranked companies from the Industrial Products sector are discussed below:
Ingersoll Rand Inc. IR presently carries a Zacks Rank of 2. IR’s earnings surprise in the last four quarters was 8.5%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks.
In the past 60 days, Ingersoll Rand’s earnings estimates have increased 3.4% for 2023. The stock has gained 16.5% in the past six months.
A. O. Smith Corporation AOS presently has a Zacks Rank of 2 and a trailing four-quarter earnings surprise of 3.2%, on average.
AOS’ earnings estimates have increased 4.1% for 2023 in the past 60 days. Shares of A. O. Smith have risen 8% in the past six months.
Valmont Industries, Inc. VMI presently has a Zacks Rank of 2. VMI’s earnings surprise in the last four quarters was 11.6%, on average.
In the past 60 days, Valmont’s earnings estimates have increased 0.3% for 2023. The stock has rallied 4.2% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Valmont Industries, Inc. (VMI) : Free Stock Analysis Report
A. O. Smith Corporation (AOS) : Free Stock Analysis Report
Ingersoll Rand Inc. (IR) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI has acquired Durham, NC-based early-stage biotechnology company Isolere Bio. Zacks Rank & Other Stocks to Consider DCI currently has a Zacks Rank #2 (Buy). Click to get this free report Valmont Industries, Inc. (VMI) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. | Click to get this free report Valmont Industries, Inc. (VMI) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI has acquired Durham, NC-based early-stage biotechnology company Isolere Bio. Zacks Rank & Other Stocks to Consider DCI currently has a Zacks Rank #2 (Buy). | Zacks Rank & Other Stocks to Consider DCI currently has a Zacks Rank #2 (Buy). Click to get this free report Valmont Industries, Inc. (VMI) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI has acquired Durham, NC-based early-stage biotechnology company Isolere Bio. | Zacks Rank & Other Stocks to Consider DCI currently has a Zacks Rank #2 (Buy). Donaldson Company, Inc. DCI has acquired Durham, NC-based early-stage biotechnology company Isolere Bio. Click to get this free report Valmont Industries, Inc. (VMI) : Free Stock Analysis Report A. O. Smith Corporation (AOS) : Free Stock Analysis Report Ingersoll Rand Inc. (IR) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. | bb27aa45-dcd5-4edb-8d19-9a55a1335ef3 |
709620.0 | 2023-02-22 00:00:00 UTC | Energy Recovery (ERII) Beats Q4 Earnings and Revenue Estimates | DCI | https://www.nasdaq.com/articles/energy-recovery-erii-beats-q4-earnings-and-revenue-estimates | nan | nan | Energy Recovery (ERII) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 52.94%. A quarter ago, it was expected that this maker of energy recovery devices would post earnings of $0.12 per share when it actually produced earnings of $0.12, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Energy Recovery, which belongs to the Zacks Pollution Control industry, posted revenues of $42.29 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 3.29%. This compares to year-ago revenues of $33.58 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Energy Recovery shares have added about 3.1% since the beginning of the year versus the S&P 500's gain of 4.1%.
What's Next for Energy Recovery?
While Energy Recovery has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Energy Recovery: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.13 on $13.9 million in revenues for the coming quarter and $0.33 on $135.77 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the top 4% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended January 2023. The results are expected to be released on March 1.
This maker of filtration systems is expected to post quarterly earnings of $0.69 per share in its upcoming report, which represents a year-over-year change of +21.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Donaldson's revenues are expected to be $843.08 million, up 5.1% from the year-ago quarter.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Energy Recovery, Inc. (ERII) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended January 2023. Click to get this free report Energy Recovery, Inc. (ERII) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Click to get this free report Energy Recovery, Inc. (ERII) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended January 2023. Energy Recovery, which belongs to the Zacks Pollution Control industry, posted revenues of $42.29 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 3.29%. | Click to get this free report Energy Recovery, Inc. (ERII) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended January 2023. Energy Recovery (ERII) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.17 per share. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended January 2023. Click to get this free report Energy Recovery, Inc. (ERII) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Energy Recovery (ERII) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.17 per share. | 963e947f-609d-462c-96ea-aa35cb545e74 |
709621.0 | 2023-02-08 00:00:00 UTC | Eaton (ETN) Surpasses Q4 Earnings and Revenue Estimates | DCI | https://www.nasdaq.com/articles/eaton-etn-surpasses-q4-earnings-and-revenue-estimates | nan | nan | Eaton Corporation ETN has reported fourth-quarter 2022 earnings of $2.06 per share, which surpassed the Zacks Consensus Estimate by 0.9%. Earnings were up 20% year over year.
GAAP earnings for the reported quarter were $1.8 per share compared with $1.37 in the year-ago quarter. The difference between GAAP and operating earnings for the reported quarter was due to charges of 24 cents for intangible amortization, 2 cents for a multi-year restructuring program, and 4 cents for acquisitions and divestitures.
GAAP earnings for 2022 were $6.14 per share, up 15% from $5.34 reported in 2021.
Revenues
Total quarterly revenues were $5,384 million, which surpassed the Zacks Consensus Estimate of $5,310 million by 1.4%. Total revenues improved 12.2% from the year-ago quarter. Total revenues for 2022 were $20.8 billion, up 5.8% from 2021.
Fourth-quarter revenues gained from a 15% increase in organic sales and a 1% increase in acquisitions. This was partially offset by 4% from negative currency translation.
Eaton Corporation, PLC Price, Consensus and EPS Surprise
Eaton Corporation, PLC price-consensus-eps-surprise-chart | Eaton Corporation, PLC Quote
Segmental Details
Electrical Americas’ total fourth-quarter sales were $2,296 million, up 19.8% from the year-ago quarter. The improvement was due to increased organic sales.
Operating profits were $545 million, up 48.1% year over year.
Electrical Global’s total sales were $1,430 million, up 0.4% from the year-ago quarter. Organic sales were up 8% from the year-ago quarter, offset by a negative currency translation of 7%. Operating profits were $268 million, down 3.2% from the year-ago quarter.
Aerospace’s total sales were $812 million, up 7% from the year-ago quarter. Organic sales were up 11% from the year-ago quarter, offset by a negative currency translation of 4%.
Operating profits were $199 million, up 5.3% year over year.
Vehicle’s total sales were $707 million, up 16% from the year-ago quarter due to an increase in organic sales, partially offset by negative currency translation.
Operating profits were $107 million, up 7% year over year.
The eMobility segment’s total sales were $139 million, up 58% year over year due to an improvement in organic sales and the acquisition of Royal Power Solutions, offset marginally by a negative currency translation. The operating loss was $2 million in fourth-quarter 2022, narrower than the $8-million loss registered in the year-ago quarter.
Highlights of the Release
Selling and administrative expenses were $796 million, up 6% from the year-ago quarter.
ETN’s fourth-quarter research and development expenses were $167 million, up 3.1% from the prior-year period. Interest expenses for the quarter were $44 million, up 37.5% from the year-ago quarter.
Eaton’s backlog growth with orders increased 25% in Electrical and 24% in Aerospace on a rolling 12-month basis.
Financial Update
As of Dec 31, 2022, the company’s cash was $294 million, down from $297 million as of Dec 31, 2021.
As of Dec 31, 2022, the company’s long-term debt was $8,321 million, up 21.8% from $6,831 million as of Dec 31, 2021.
Guidance
Eaton’s first-quarter 2023 earnings are expected to be $1.72-$1.82 per share. ETN expects an organic growth of 8-10%.
Eaton expects earnings per share (EPS) of $8.04-$8.44 for 2023. ETN expects organic revenue growth of 7-9% for 2023. The segmental operating margin for 2022 is expected to be 20.7-21.1%.
Capital expenditure for 2023 is expected to be $630 million. Eaton expects to generate free cash flow of $2.6-$3 billion in 2023 and buy back shares of $300-$600 million in 2023.
Zacks Rank
Currently, Eaton has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Other Upcoming Releases
Deere & Company DE is scheduled to report first-quarter results on Feb 17, before market open. The Zacks Consensus Estimate for earnings is pegged at $5.51 per share, indicating a year-over-year increase of 88.7%.
Long-term (three to five years) earnings growth of Deere & Company is currently pegged at 11.92%. The Zacks Consensus Estimate for 2023 earnings per share is $28.01, implying a year-over-year increase of 20.32%.
Lincoln Electric LECO is scheduled to report fourth-quarter results on Feb 21, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.9 per share, indicating a year-over-year increase of 18.01%.
The long-term earnings growth of Deere & Company is currently pegged at 15%. The Zacks Consensus Estimate for 2023 EPS is $8.61, implying a year-over-year increase of 4.64%.
Donaldson DCI is scheduled to report first-quarter results on Mar 1, before market open. The Zacks Consensus Estimate for earnings is pegged at 69 cents per share, indicating a year-over-year increase of 21.05%.
Long-term earnings growth of Deere & Company is currently pegged at 10.5%. The Zacks Consensus Estimate for 2023 EPS is pegged at $3, implying a year-over-year increase of 11.94%.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Eaton Corporation, PLC (ETN) : Free Stock Analysis Report
Deere & Company (DE) : Free Stock Analysis Report
Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson DCI is scheduled to report first-quarter results on Mar 1, before market open. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Eaton Corporation ETN has reported fourth-quarter 2022 earnings of $2.06 per share, which surpassed the Zacks Consensus Estimate by 0.9%. | Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson DCI is scheduled to report first-quarter results on Mar 1, before market open. Eaton Corporation, PLC Price, Consensus and EPS Surprise Eaton Corporation, PLC price-consensus-eps-surprise-chart | Eaton Corporation, PLC Quote Segmental Details Electrical Americas’ total fourth-quarter sales were $2,296 million, up 19.8% from the year-ago quarter. | Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson DCI is scheduled to report first-quarter results on Mar 1, before market open. Revenues Total quarterly revenues were $5,384 million, which surpassed the Zacks Consensus Estimate of $5,310 million by 1.4%. | Donaldson DCI is scheduled to report first-quarter results on Mar 1, before market open. Click to get this free report Eaton Corporation, PLC (ETN) : Free Stock Analysis Report Deere & Company (DE) : Free Stock Analysis Report Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. Eaton Corporation ETN has reported fourth-quarter 2022 earnings of $2.06 per share, which surpassed the Zacks Consensus Estimate by 0.9%. | 1c792af5-7af4-4f8b-b039-640fd55512bf |
709622.0 | 2023-02-08 00:00:00 UTC | CECO Environmental Corp. (CECO) Hit a 52 Week High, Can the Run Continue? | DCI | https://www.nasdaq.com/articles/ceco-environmental-corp.-ceco-hit-a-52-week-high-can-the-run-continue | nan | nan | Have you been paying attention to shares of CECO Environmental (CECO)? Shares have been on the move with the stock up 6.7% over the past month. The stock hit a new 52-week high of $15.19 in the previous session. CECO Environmental has gained 25.6% since the start of the year compared to the 7.2% move for the Zacks Industrial Products sector and the 5.7% return for the Zacks Pollution Control industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 7, 2022, CECO reported EPS of $0.2 versus consensus estimate of $0.14.
For the current fiscal year, CECO is expected to post earnings of $0.94 per share on $410.15 million in revenues.
Valuation Metrics
While CECO has moved to its 52-week high in the recent past, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
CECO has a Value Score of B. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 15.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 21.1X. On a trailing cash flow basis, the stock currently trades at 26.2X versus its peer group's average of 16.9X. Additionally, the stock has a PEG ratio of 1.04. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, CECO currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if CECO passes the test. Thus, it seems as though CECO shares could still be poised for more gains ahead.
How Does CECO Stack Up to the Competition?
Shares of CECO have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F.
Earnings were strong last quarter. Donaldson Company, Inc. beat our consensus estimate by 7.14%, and for the current fiscal year, DCI is expected to post earnings of $3 per share on revenue of $3.44 billion.
Shares of Donaldson Company, Inc. have gained 4.2% over the past month, and currently trade at a forward P/E of 21.1X and a P/CF of 18.1X.
The Pollution Control industry is in the top 15% of all the industries we have in our universe, so it looks like there are some nice tailwinds for CECO and DCI, even beyond their own solid fundamental situation.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.8% per year. So be sure to give these hand-picked 7 your immediate attention.
See them now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECO) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. beat our consensus estimate by 7.14%, and for the current fiscal year, DCI is expected to post earnings of $3 per share on revenue of $3.44 billion. One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. | Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. | Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. | One industry peer that looks good is Donaldson Company, Inc. (DCI). DCI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of F. Earnings were strong last quarter. Donaldson Company, Inc. beat our consensus estimate by 7.14%, and for the current fiscal year, DCI is expected to post earnings of $3 per share on revenue of $3.44 billion. | c67f3153-1838-4948-9d93-3c5caa0062e2 |
709623.0 | 2023-02-06 00:00:00 UTC | State Street Increases Position in Donaldson (DCI) | DCI | https://www.nasdaq.com/articles/state-street-increases-position-in-donaldson-dci | nan | nan | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.49MM shares of Donaldson Company, Inc. (DCI). This represents 5.34% of the company.
In their previous filing dated February 13, 2018 they reported 6.00MM shares and 4.62% of the company, an increase in shares of 8.23% and an increase in total ownership of 0.72% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 0.31% Downside
As of February 5, 2023, the average one-year price target for Donaldson is $63.50. The forecasts range from a low of $55.55 to a high of $69.30. The average price target represents a decrease of 0.31% from its latest reported closing price of $63.69.
The projected annual revenue for Donaldson is $3,465MM, an increase of 2.12%. The projected annual EPS is $3.01, an increase of 8.18%.
Fund Sentiment
There are 783 funds or institutions reporting positions in Donaldson. This is a decrease of 24 owner(s) or 2.97%.
Average portfolio weight of all funds dedicated to US:DCI is 0.1908%, an increase of 5.4029%. Total shares owned by institutions decreased in the last three months by 1.71% to 117,346K shares.
What are large shareholders doing?
State Farm Mutual Automobile Insurance holds 10,088,753 shares representing 8.29% ownership of the company. No change in the last quarter.
Allspring Global Investments Holdings holds 3,863,971 shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 3,965,893 shares, representing a decrease of 2.64%. The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 3,683,363 shares representing 3.03% ownership of the company. In it's prior filing, the firm reported owning 3,646,040 shares, representing an increase of 1.01%. The firm increased its portfolio allocation in DCI by 7.21% over the last quarter.
IJH - iShares Core S&P Mid-Cap ETF holds 3,610,641 shares representing 2.97% ownership of the company. In it's prior filing, the firm reported owning 3,553,001 shares, representing an increase of 1.60%. The firm increased its portfolio allocation in DCI by 3.97% over the last quarter.
WFMDX - Wells Fargo Special Mid Cap Value Fund Administrator Class holds 3,315,000 shares representing 2.72% ownership of the company. In it's prior filing, the firm reported owning 3,337,700 shares, representing a decrease of 0.68%. The firm increased its portfolio allocation in DCI by 7.66% over the last quarter.
Donaldson Declares $0.23 Dividend
Donaldson said on January 26, 2023 that its board of directors declared a regular quarterly dividend of $0.23 per share ($0.92 annualized). Shareholders of record as of February 9, 2023 will receive the payment on February 27, 2023. Previously, the company paid $0.23 per share.
At the current share price of $63.69 / share, the stock's dividend yield is 1.44%. Looking back five years and taking a sample every week, the average dividend yield has been 1.60%, the lowest has been 1.27%, and the highest has been 2.53%. The standard deviation of yields is 0.18 (n=235).
The current dividend yield is 0.84 standard deviations below the historical average.
Additionally, the company's dividend payout ratio is 0.33. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.10%, demonstrating that it has increased its dividend over time.
Donaldson Background Information
(This description is provided by the company.)
ounded in 1915, Donaldson is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers-from small business owners to the world's biggest OE brands-to solve complex filtration challenges.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.49MM shares of Donaldson Company, Inc. (DCI). Average portfolio weight of all funds dedicated to US:DCI is 0.1908%, an increase of 5.4029%. The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.49MM shares of Donaldson Company, Inc. (DCI). Average portfolio weight of all funds dedicated to US:DCI is 0.1908%, an increase of 5.4029%. The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.49MM shares of Donaldson Company, Inc. (DCI). Average portfolio weight of all funds dedicated to US:DCI is 0.1908%, an increase of 5.4029%. The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. | Fintel reports that State Street has filed a 13G/A form with the SEC disclosing ownership of 6.49MM shares of Donaldson Company, Inc. (DCI). Average portfolio weight of all funds dedicated to US:DCI is 0.1908%, an increase of 5.4029%. The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. | c17fe6c2-da16-4a1c-aa57-f75c3aae51fc |
709624.0 | 2023-02-03 00:00:00 UTC | Donaldson Reaches Analyst Target Price | DCI | https://www.nasdaq.com/articles/donaldson-reaches-analyst-target-price | nan | nan | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $63.50, changing hands for $63.86/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 4 different analyst targets within the Zacks coverage universe contributing to that average for Donaldson Co. Inc., but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $60.00. And then on the other side of the spectrum one analyst has a target as high as $66.00. The standard deviation is $3.0.
But the whole reason to look at the average DCI price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DCI crossing above that average target price of $63.50/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $63.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Donaldson Co. Inc.:
RECENT DCI ANALYST RATINGS BREAKDOWN
» Current 1 Month Ago 2 Month Ago 3 Month Ago
Strong buy ratings: 2 2 2 2
Buy ratings: 1 1 1 1
Hold ratings: 4 4 4 4
Sell ratings: 0 0 0 0
Strong sell ratings: 0 0 0 0
Average rating: 2.21 2.21 2.21 2.21
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on DCI — FREE.
The Top 25 Broker Analyst Picks of the S&P 500 »
Also see:
ITB market cap history
Institutional Holders of UTES
SGML Stock Predictions
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $63.50, changing hands for $63.86/share. And so with DCI crossing above that average target price of $63.50/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $63.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? But the whole reason to look at the average DCI price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $63.50, changing hands for $63.86/share. But the whole reason to look at the average DCI price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with DCI crossing above that average target price of $63.50/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $63.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? | And so with DCI crossing above that average target price of $63.50/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $63.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $63.50, changing hands for $63.86/share. But the whole reason to look at the average DCI price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | And so with DCI crossing above that average target price of $63.50/share, investors in DCI have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $63.50 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? In recent trading, shares of Donaldson Co. Inc. (Symbol: DCI) have crossed above the average analyst 12-month target price of $63.50, changing hands for $63.86/share. But the whole reason to look at the average DCI price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. | acb91c93-bff0-4f72-b9cc-007f8ce67e5f |
709625.0 | 2023-01-25 00:00:00 UTC | BlackRock Inc. Increases Position in Donaldson Company, Inc. (DCI) | DCI | https://www.nasdaq.com/articles/blackrock-inc.-increases-position-in-donaldson-company-inc.-dci | nan | nan | Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 11.18MM shares of Donaldson Company, Inc. (DCI). This represents 9.2% of the company.
In their previous filing dated February 1, 2022 they reported 10.58MM shares and 8.60% of the company, an increase in shares of 5.64% and an increase in total ownership of 0.60% (calculated as current - previous percent ownership).
Analyst Price Forecast Suggests 4.04% Upside
As of January 24, 2023, the average one-year price target for Donaldson is $63.50. The forecasts range from a low of $55.55 to a high of $69.30. The average price target represents an increase of 4.04% from its latest reported closing price of $61.03.
The projected annual revenue for Donaldson is $3,465MM, an increase of 2.12%. The projected annual EPS is $3.01, an increase of 8.18%.
Fund Sentiment
There are 781 funds or institutions reporting positions in Donaldson Company, Inc.. This is a decrease of 26 owner(s) or 3.22%.
Average portfolio weight of all funds dedicated to Donaldson Company, Inc. is 0.1879%, an increase of 3.7403%. Total shares owned by institutions decreased in the last three months by 1.02% to 117,120,733 shares.
What are large shareholders doing?
State Farm Mutual Automobile Insurance Co holds 10,088,753 shares representing 8.29% ownership of the company. No change in the last quarter.
Allspring Global Investments Holdings, LLC holds 3,863,971 shares representing 3.18% ownership of the company. In it's prior filing, the firm reported owning 3,965,893 shares, representing a decrease of 2.64%. The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter.
Mairs & Power Inc holds 3,013,809 shares representing 2.48% ownership of the company. In it's prior filing, the firm reported owning 3,114,007 shares, representing a decrease of 3.32%. The firm increased its portfolio allocation in DCI by 3.73% over the last quarter.
Franklin Resources Inc holds 2,765,305 shares representing 2.27% ownership of the company. In it's prior filing, the firm reported owning 3,074,105 shares, representing a decrease of 11.17%. The firm increased its portfolio allocation in DCI by 0.63% over the last quarter.
Boston Trust Walden Corp holds 2,604,940 shares representing 2.14% ownership of the company. In it's prior filing, the firm reported owning 2,596,514 shares, representing an increase of 0.32%. The firm increased its portfolio allocation in DCI by 6.96% over the last quarter.
Donaldson Declares $0.23 Dividend
Donaldson said on July 29, 2022 that its board of directors declared a regular quarterly dividend of $0.23 per share ($0.92 annualized). Shareholders of record as of August 15, 2022 received the payment on August 31, 2022. Previously, the company paid $0.23 per share.
At the most recent share price of $61.03 / share, the stock's dividend yield was 1.51%. Additionally, the company's dividend payout ratio is 0.33, indicating it is retaining a low percentage of its earnings to reinvest in growth opportunities.
The company's 3-Year dividend growth rate is 0.10%, demonstrating that it is increasing its dividends over time.
Donaldson Co. Inc. Background Information
(This description is provided by the company.)
ounded in 1915, Donaldson is a global leader in technology-led filtration products and solutions, serving a broad range of industries and advanced markets. Our diverse, skilled employees at over 140 locations on six continents partner with customers-from small business owners to the world's biggest OE brands-to solve complex filtration challenges.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 11.18MM shares of Donaldson Company, Inc. (DCI). The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. The firm increased its portfolio allocation in DCI by 3.73% over the last quarter. | Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 11.18MM shares of Donaldson Company, Inc. (DCI). The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. The firm increased its portfolio allocation in DCI by 3.73% over the last quarter. | Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 11.18MM shares of Donaldson Company, Inc. (DCI). The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. The firm increased its portfolio allocation in DCI by 3.73% over the last quarter. | Fintel reports that BlackRock Inc. has filed a 13G/A form with the SEC disclosing ownership of 11.18MM shares of Donaldson Company, Inc. (DCI). The firm decreased its portfolio allocation in DCI by 51.96% over the last quarter. The firm increased its portfolio allocation in DCI by 3.73% over the last quarter. | 54b34cd0-5439-406d-9fac-fc69f168abae |
709626.0 | 2023-01-18 00:00:00 UTC | Donaldson (DCI) Unveils iCue Managed Filtration Solution | DCI | https://www.nasdaq.com/articles/donaldson-dci-unveils-icue-managed-filtration-solution | nan | nan | Donaldson Company, Inc. DCI recently introduced Managed Filtration Services, a comprehensive, consultative, and connected solution for its industrial filtration clients.
By combining DCI’s iCue connected technology, extensive expertise in original equipment manufacturer equipment and a comprehensive service network, the Managed Filtration Services provides condition-based maintenance and repair services required to continue industrial filtration equipment operations.
Donaldson’s newly launched Managed Filtration Services provides personalized and complete service plans for industrial filtration equipment. Its condition-based maintenance plan uses iCue technology and the traditional plan provides time-based maintenance and repair services required to keep the critical industrial equipment up and running.
Donaldson Company, Inc. Price
Donaldson Company, Inc. price | Donaldson Company, Inc. Quote
On a similar note, in 2019, Donaldson unveiled the subscription-based iCue Connected Filtration Service. It provided dust collector insights via a web-based dashboard. This helped the clients by lowering the downtime, providing support maintenance and operations services, and capturing compliance data. In addition, Donaldson introduced iCue Monitor Service in 2022 to provide specialized assistance to its customers.
Zacks Rank & Stocks to Consider
DCI currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the Industrial Products sector are discussed below:
Xylem Inc. XYL presently carries a Zacks Rank #2 (Buy). XYL’s earnings surprise in the last four quarters was 13.3%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
In the past 60 days, Xylem’s earnings estimates have increased 0.1% for 2022. The stock has gained 45.4% in the past six months.
MRC Global Inc. MRC presently has a Zacks Rank of #2. MRC’s earnings surprise in the last four quarters was 103%, on average.
In the past 60 days, MRC Global’s earnings estimates have increased 0.1% for 2022. The stock has gained 12.3% in the past six months.
IDEX Corporation IEX presently has a Zacks Rank of 2. IEX’s earnings surprise in the last four quarters was 5.7%, on average.
In the past 60 days, IDEX’s earnings estimates have increased 0.1% for 2022. The stock has rallied 24.9% in the past six months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
IDEX Corporation (IEX) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
MRC Global Inc. (MRC) : Free Stock Analysis Report
Xylem Inc. (XYL) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI recently introduced Managed Filtration Services, a comprehensive, consultative, and connected solution for its industrial filtration clients. By combining DCI’s iCue connected technology, extensive expertise in original equipment manufacturer equipment and a comprehensive service network, the Managed Filtration Services provides condition-based maintenance and repair services required to continue industrial filtration equipment operations. Zacks Rank & Stocks to Consider DCI currently carries a Zacks Rank #3 (Hold). | By combining DCI’s iCue connected technology, extensive expertise in original equipment manufacturer equipment and a comprehensive service network, the Managed Filtration Services provides condition-based maintenance and repair services required to continue industrial filtration equipment operations. Click to get this free report IDEX Corporation (IEX) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report MRC Global Inc. (MRC) : Free Stock Analysis Report Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI recently introduced Managed Filtration Services, a comprehensive, consultative, and connected solution for its industrial filtration clients. | By combining DCI’s iCue connected technology, extensive expertise in original equipment manufacturer equipment and a comprehensive service network, the Managed Filtration Services provides condition-based maintenance and repair services required to continue industrial filtration equipment operations. Click to get this free report IDEX Corporation (IEX) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report MRC Global Inc. (MRC) : Free Stock Analysis Report Xylem Inc. (XYL) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc. DCI recently introduced Managed Filtration Services, a comprehensive, consultative, and connected solution for its industrial filtration clients. | Donaldson Company, Inc. DCI recently introduced Managed Filtration Services, a comprehensive, consultative, and connected solution for its industrial filtration clients. By combining DCI’s iCue connected technology, extensive expertise in original equipment manufacturer equipment and a comprehensive service network, the Managed Filtration Services provides condition-based maintenance and repair services required to continue industrial filtration equipment operations. Zacks Rank & Stocks to Consider DCI currently carries a Zacks Rank #3 (Hold). | f893a14b-3185-475e-b49b-f2162a48b6c3 |
709627.0 | 2022-12-30 00:00:00 UTC | Donaldson (DCI) Down 2.3% Since Last Earnings Report: Can It Rebound? | DCI | https://www.nasdaq.com/articles/donaldson-dci-down-2.3-since-last-earnings-report%3A-can-it-rebound | nan | nan | It has been about a month since the last earnings report for Donaldson (DCI). Shares have lost about 2.3% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Donaldson due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Donaldson Q1 Earnings and Revenues Surpass Estimates
Donaldson first-quarter fiscal 2023 (ended Oct 31, 2022) earnings beat the Zacks Consensus Estimate by 7.1% and sales surpassed the same by 2.8%.
The bottom line improved 23% from the year-ago fiscal quarter’s 61 cents. The sales growth in the reported quarter was partially offset by the headwinds related to supply-chain constraints and higher cost of raw materials.
Revenue Results
In the fiscal first quarter, Donaldson’s net sales reached $847.3 million, reflecting year-over-year growth of 11.4%. The top line surpassed the Zacks Consensus Estimate of $824 million.
Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. The top line expanded 0.9% in Europe, the Middle East and Africa and 31.9% in Latin America. However, the same decreased 8% in the Asia Pacific.
Donaldson reports revenues under the following segments: Engine Products and Industrial Products. A brief snapshot of the segmental sales is provided below:
Engine Products’ (accounting for 71.3% of net sales in first-quarter fiscal 2023) sales were $604.5 million, reflecting year-over-year growth of 14.7%.
The results were positively impacted by 15% growth in Off-Road, 22% in Aerospace and Defense, 14.1% in Aftermarket sales and 14.4% in On-Road.
Revenues generated from Industrial Products (accounting for 28.7% of net sales in first-quarter fiscal 2023) were $242.8 million, increasing 3.9% from the year-ago fiscal quarter.
The results benefited from sales growth of 9.3% in Industrial Filtration Solutions and 53.3% in Gas Turbine Systems. However, sales declined 29.3% in Special Applications.Margin Profile
In the fiscal first quarter, Donaldson’s cost of sales increased 11.2% year over year to $560.1 million. Gross profit jumped 11.8% to $287.2 million, while the gross margin increased 10 basis points (bps) to 33.9%. The margin results benefited from favorable pricing, partially offset by higher raw material costs.
Operating expenses increased 12.3% year over year to $167.9 million. Operating profit in the quarter under review increased 11% to $119.3 million. The operating margin was 14.1%, flat year over year.
The effective tax rate in the quarter was 25.2%, compared with 25.9% in the year-ago quarter.
Balance Sheet & Cash Flow
While exiting first-quarter fiscal 2023, Donaldson’s cash and cash equivalents were $161 million, down 16.7% from $193.3 million recorded in the last fiscal year’s comparable quarter. Long-term debt was down 6.8% year over year to $600.7 million.
In the first three months of fiscal 2023, Donaldson repaid its long-term debt of $40 million.
In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. Capital expenditure (net) totaled $28.1 million compared with $18.3 million in the year-ago fiscal period. Free cash flow increased 266.3% to $90.1 million.
DCI also used $45.7 million to repurchase shares and $28.2 million to pay out dividends during the first three months of fiscal 2023.
Outlook
For fiscal 2023 (ending July 2023), Donaldson expects earnings per share of $2.91-$3.07 compared with 2022 GAAP and adjusted EPS of $2.66 and $2.68, respectively. Sales are anticipated to increase 1-5% from the fiscal 2022 level. Positive pricing is anticipated to have an accretive impact of 6%. However, movement in foreign currencies are expected to negatively impact sales by 5%.
On a segmental basis, Engine Products sales are anticipated to increase 1-5% from the fiscal 2022 level compared with 0-4% predicted earlier. The segment’s performance is likely to benefit from mid-single-digit growth in aftermarket, and aerospace & defense sales. On-road and off-road sales are expected to be flat in the fiscal year against the low single-digits decline predicted earlier.
Sales growth for Industrial Products is anticipated to be 1-5%from the fiscal 2022 figure, compared with 3-7% predicted earlier. The segment is likely to gain from high-single-digit growth in Industrial Filtration Solutions. Gas Turbine Systems sales are projected to be up low-single digits, while Special Applications sales are anticipated to decline in the mid-teens digit compared with the prior-year period’s figure.
Adjusted operating margin is expected to be 14.5-15.1% for fiscal 2023, suggesting an increase from the reported and adjusted operating margin of 13.4% and 13.5%, respectively, in fiscal 2022. Interest expenses are predicted to be approximately $18 million compared with $14.5-$15 million expected earlier. The efffective tax rate is anticipated to be 25-27%.
Capital expenditure for the fiscal year is expected to be $115-$135 million. Free cash flow conversion is anticipated to be 110-125%. Share buybacks are expected to account for 2% of the outstanding shares.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates review.
VGM Scores
At this time, Donaldson has a strong Growth Score of A, though it is lagging a lot on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Donaldson has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. It has been about a month since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. | It has been about a month since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. | It has been about a month since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. | It has been about a month since the last earnings report for Donaldson (DCI). Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. | 045e93c2-4257-44b1-bd73-f3229ec4a2f7 |
709628.0 | 2022-12-20 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | DCI | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-60 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Casey's General Stores, Inc. (Symbol: CASY) $233.97 $254.30 8.69%
McDonald's Corp (Symbol: MCD) $265.83 $286.61 7.82%
Hormel Foods Corp. (Symbol: HRL) $45.49 $48.80 7.28%
Archer Daniels Midland Co. (Symbol: ADM) $92.65 $99.20 7.07%
Donaldson Co. Inc. (Symbol: DCI) $58.29 $62.25 6.79%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
Casey's General Stores, Inc. (Symbol: CASY) 0.65% 8.69% 9.34%
McDonald's Corp (Symbol: MCD) 2.29% 7.82% 10.11%
Hormel Foods Corp. (Symbol: HRL) 2.42% 7.28% 9.7%
Archer Daniels Midland Co. (Symbol: ADM) 1.73% 7.07% 8.8%
Donaldson Co. Inc. (Symbol: DCI) 1.58% 6.79% 8.37%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
Casey's General Stores, Inc. (Symbol: CASY) $1.37 $1.46 6.57%
McDonald's Corp (Symbol: MCD) $5.25 $5.66 7.81%
Hormel Foods Corp. (Symbol: HRL) $0.98 $1.04 6.12%
Archer Daniels Midland Co. (Symbol: ADM) $1.48 $1.6 8.11%
Donaldson Co. Inc. (Symbol: DCI) $0.87 $0.91 4.60%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
Get the latest Zacks research report on ADM — FREE
Get the latest Zacks research report on DCI — FREE
Dividend Growth Stocks: 25 Aristocrats »
Also see:
Top Ten Hedge Funds Holding YPRO
MPCT Options Chain
ARCO shares outstanding history
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Get the latest Zacks research report on ADM — FREE Get the latest Zacks research report on DCI — FREE Dividend Growth Stocks: 25 Aristocrats » Also see: Top Ten Hedge Funds Holding YPRO MPCT Options Chain ARCO shares outstanding history The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Casey's General Stores, Inc. (Symbol: CASY) $233.97 $254.30 8.69% McDonald's Corp (Symbol: MCD) $265.83 $286.61 7.82% Hormel Foods Corp. (Symbol: HRL) $45.49 $48.80 7.28% Archer Daniels Midland Co. (Symbol: ADM) $92.65 $99.20 7.07% Donaldson Co. Inc. (Symbol: DCI) $58.29 $62.25 6.79% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Casey's General Stores, Inc. (Symbol: CASY) 0.65% 8.69% 9.34% McDonald's Corp (Symbol: MCD) 2.29% 7.82% 10.11% Hormel Foods Corp. (Symbol: HRL) 2.42% 7.28% 9.7% Archer Daniels Midland Co. (Symbol: ADM) 1.73% 7.07% 8.8% Donaldson Co. Inc. (Symbol: DCI) 1.58% 6.79% 8.37% Another consideration with dividend growth stocks is just how much the dividend is growing. | Casey's General Stores, Inc. (Symbol: CASY) $233.97 $254.30 8.69% McDonald's Corp (Symbol: MCD) $265.83 $286.61 7.82% Hormel Foods Corp. (Symbol: HRL) $45.49 $48.80 7.28% Archer Daniels Midland Co. (Symbol: ADM) $92.65 $99.20 7.07% Donaldson Co. Inc. (Symbol: DCI) $58.29 $62.25 6.79% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Casey's General Stores, Inc. (Symbol: CASY) 0.65% 8.69% 9.34% McDonald's Corp (Symbol: MCD) 2.29% 7.82% 10.11% Hormel Foods Corp. (Symbol: HRL) 2.42% 7.28% 9.7% Archer Daniels Midland Co. (Symbol: ADM) 1.73% 7.07% 8.8% Donaldson Co. Inc. (Symbol: DCI) 1.58% 6.79% 8.37% Another consideration with dividend growth stocks is just how much the dividend is growing. Casey's General Stores, Inc. (Symbol: CASY) $1.37 $1.46 6.57% McDonald's Corp (Symbol: MCD) $5.25 $5.66 7.81% Hormel Foods Corp. (Symbol: HRL) $0.98 $1.04 6.12% Archer Daniels Midland Co. (Symbol: ADM) $1.48 $1.6 8.11% Donaldson Co. Inc. (Symbol: DCI) $0.87 $0.91 4.60% These five stocks are part of our full Dividend Aristocrats List. | Casey's General Stores, Inc. (Symbol: CASY) $233.97 $254.30 8.69% McDonald's Corp (Symbol: MCD) $265.83 $286.61 7.82% Hormel Foods Corp. (Symbol: HRL) $45.49 $48.80 7.28% Archer Daniels Midland Co. (Symbol: ADM) $92.65 $99.20 7.07% Donaldson Co. Inc. (Symbol: DCI) $58.29 $62.25 6.79% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Casey's General Stores, Inc. (Symbol: CASY) 0.65% 8.69% 9.34% McDonald's Corp (Symbol: MCD) 2.29% 7.82% 10.11% Hormel Foods Corp. (Symbol: HRL) 2.42% 7.28% 9.7% Archer Daniels Midland Co. (Symbol: ADM) 1.73% 7.07% 8.8% Donaldson Co. Inc. (Symbol: DCI) 1.58% 6.79% 8.37% Another consideration with dividend growth stocks is just how much the dividend is growing. Casey's General Stores, Inc. (Symbol: CASY) $1.37 $1.46 6.57% McDonald's Corp (Symbol: MCD) $5.25 $5.66 7.81% Hormel Foods Corp. (Symbol: HRL) $0.98 $1.04 6.12% Archer Daniels Midland Co. (Symbol: ADM) $1.48 $1.6 8.11% Donaldson Co. Inc. (Symbol: DCI) $0.87 $0.91 4.60% These five stocks are part of our full Dividend Aristocrats List. | Casey's General Stores, Inc. (Symbol: CASY) $233.97 $254.30 8.69% McDonald's Corp (Symbol: MCD) $265.83 $286.61 7.82% Hormel Foods Corp. (Symbol: HRL) $45.49 $48.80 7.28% Archer Daniels Midland Co. (Symbol: ADM) $92.65 $99.20 7.07% Donaldson Co. Inc. (Symbol: DCI) $58.29 $62.25 6.79% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Casey's General Stores, Inc. (Symbol: CASY) 0.65% 8.69% 9.34% McDonald's Corp (Symbol: MCD) 2.29% 7.82% 10.11% Hormel Foods Corp. (Symbol: HRL) 2.42% 7.28% 9.7% Archer Daniels Midland Co. (Symbol: ADM) 1.73% 7.07% 8.8% Donaldson Co. Inc. (Symbol: DCI) 1.58% 6.79% 8.37% Another consideration with dividend growth stocks is just how much the dividend is growing. Casey's General Stores, Inc. (Symbol: CASY) $1.37 $1.46 6.57% McDonald's Corp (Symbol: MCD) $5.25 $5.66 7.81% Hormel Foods Corp. (Symbol: HRL) $0.98 $1.04 6.12% Archer Daniels Midland Co. (Symbol: ADM) $1.48 $1.6 8.11% Donaldson Co. Inc. (Symbol: DCI) $0.87 $0.91 4.60% These five stocks are part of our full Dividend Aristocrats List. | 1042aad6-c533-4e1a-a5bb-26b4d27ef64c |
709629.0 | 2022-12-01 00:00:00 UTC | Donaldson (DCI) Q1 Earnings and Revenues Surpass Estimates | DCI | https://www.nasdaq.com/articles/donaldson-dci-q1-earnings-and-revenues-surpass-estimates-1 | nan | nan | Donaldson Company, Inc.’s DCI first-quarter fiscal 2023 (ended Oct 31, 2022) earnings beat the Zacks Consensus Estimate by 7.1% and sales surpassed the same by 2.8%.
The bottom line improved 23% from the year-ago fiscal quarter’s 61 cents. The sales growth in the reported quarter was partially offset by the headwinds related to supply-chain constraints and higher cost of raw materials.
Revenue Results
In the fiscal first quarter, Donaldson’s net sales reached $847.3 million, reflecting year-over-year growth of 11.4%. The top line surpassed the Zacks Consensus Estimate of $824 million.
Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. The top line expanded 0.9% in Europe, the Middle East and Africa and 31.9% in Latin America. However, the same decreased 8% in the Asia Pacific.
Donaldson reports revenues under the following segments: Engine Products and Industrial Products. A brief snapshot of the segmental sales is provided below:
Engine Products’ (accounting for 71.3% of net sales in first-quarter fiscal 2023) sales were $604.5 million, reflecting year-over-year growth of 14.7%.
The results were positively impacted by 15% growth in Off-Road, 22% in Aerospace and Defense, 14.1% in Aftermarket sales and 14.4% in On-Road.
Revenues generated from Industrial Products (accounting for 28.7% of net sales in first-quarter fiscal 2023) were $242.8 million, increasing 3.9% from the year-ago fiscal quarter.
The results benefited from sales growth of 9.3% in Industrial Filtration Solutions and 53.3% in Gas Turbine Systems. However, sales declined 29.3% in Special Applications.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. price-consensus-chart | Donaldson Company, Inc. Quote
Margin Profile
In the fiscal first quarter, Donaldson’s cost of sales increased 11.2% year over year to $560.1 million. Gross profit jumped 11.8% to $287.2 million, while the gross margin increased 10 basis points (bps) to 33.9%. The margin results benefited from favorable pricing, partially offset by higher raw material costs.
Operating expenses increased 12.3% year over year to $167.9 million. Operating profit in the quarter under review increased 11% to $119.3 million. The operating margin was 14.1%, flat year over year.
The effective tax rate in the quarter was 25.2%, compared with 25.9% in the year-ago quarter.
Balance Sheet & Cash Flow
While exiting first-quarter fiscal 2023, Donaldson’s cash and cash equivalents were $161 million, down 16.7% from $193.3 million recorded in the last fiscal year’s comparable quarter. Long-term debt was down 6.8% year over year to $600.7 million.
In the first three months of fiscal 2023, Donaldson repaid its long-term debt of $40 million.
In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. Capital expenditure (net) totaled $28.1 million compared with $18.3 million in the year-ago fiscal period. Free cash flow increased 266.3% to $90.1 million.
DCI also used $45.7 million to repurchase shares and $28.2 million to pay out dividends during the first three months of fiscal 2023.
Outlook
For fiscal 2023 (ending July 2023), Donaldson expects earnings per share of $2.91-$3.07 compared with 2022 GAAP and adjusted EPS of $2.66 and $2.68, respectively. Sales are anticipated to increase 1-5% from the fiscal 2022 level. Positive pricing is anticipated to have an accretive impact of 6%. However, movement in foreign currencies are expected to negatively impact sales by 5%.
On a segmental basis, Engine Products sales are anticipated to increase 1-5% from the fiscal 2022 level compared with 0-4% predicted earlier. The segment’s performance is likely to benefit from mid-single-digit growth in aftermarket, and aerospace & defense sales. On-road and off-road sales are expected to be flat in the fiscal year against the low single-digits decline predicted earlier.
Sales growth for Industrial Products is anticipated to be 1-5%from the fiscal 2022 figure, compared with 3-7% predicted earlier. The segment is likely to gain from high-single-digit growth in Industrial Filtration Solutions. Gas Turbine Systems sales are projected to be up low-single digits, while Special Applications sales are anticipated to decline in the mid-teens digit compared with the prior-year period’s figure.
Adjusted operating margin is expected to be 14.5-15.1% for fiscal 2023, suggesting an increase from the reported and adjusted operating margin of 13.4% and 13.5%, respectively, in fiscal 2022. Interest expenses are predicted to be approximately $18 million compared with $14.5-$15 million expected earlier. The fffective tax rate is anticipated to be 25-27%.
Capital expenditure for the fiscal year is expected to be $115-$135 million. Free cash flow conversion is anticipated to be 110-125%. Share buybacks are expected to account for 2% of the outstanding shares.
Zacks Rank and Other Key Picks
DCI currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies from the Industrial Products sector are discussed below:
Applied Industrial Technologies, Inc. AIT presently has a Zacks Rank #1 (Strong Buy) and a trailing four-quarter earnings surprise of 24.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
AIT’s earnings estimates have increased 4.6% for fiscal 2023 (ending June 2023) in the past 60 days. Shares of Applied Industrial have risen 28% in the past six months.
IDEX Corporation IEX presently has a Zacks Rank of #2 (Buy). IEX’s earnings surprise in the last four quarters was 5.7%, on average.
In the past 60 days, IDEX’s earnings estimates have increased 1.8% for 2022. The stock has rallied 24.1% in the past six months.
EnerSys ENS delivered an average four-quarter earnings surprise of 2.1%. ENS presently carries a Zacks Rank of 2.
ENS’ earnings estimates have increased 0.6% for fiscal 2023 (ending March 2023) in the past 60 days. The stock has gained 12.4% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report
IDEX Corporation (IEX) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
Enersys (ENS) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc.’s DCI first-quarter fiscal 2023 (ended Oct 31, 2022) earnings beat the Zacks Consensus Estimate by 7.1% and sales surpassed the same by 2.8%. Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. | Click to get this free report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report IDEX Corporation (IEX) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Enersys (ENS) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.’s DCI first-quarter fiscal 2023 (ended Oct 31, 2022) earnings beat the Zacks Consensus Estimate by 7.1% and sales surpassed the same by 2.8%. Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. | Click to get this free report Applied Industrial Technologies, Inc. (AIT) : Free Stock Analysis Report IDEX Corporation (IEX) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Enersys (ENS) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson Company, Inc.’s DCI first-quarter fiscal 2023 (ended Oct 31, 2022) earnings beat the Zacks Consensus Estimate by 7.1% and sales surpassed the same by 2.8%. Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. | Donaldson Company, Inc.’s DCI first-quarter fiscal 2023 (ended Oct 31, 2022) earnings beat the Zacks Consensus Estimate by 7.1% and sales surpassed the same by 2.8%. Region-wise, DCI’s net sales in the United States/Canada increased 24.8% year over year. In the same time period, DCI generated net cash of $118.2 million from operating activities, reflecting an increase of 175.6% from the year-ago figure. | 61dcbfa8-9145-49a8-bf4e-1986a152495d |
709630.0 | 2022-11-30 00:00:00 UTC | CECO vs. DCI: Which Stock Is the Better Value Option? | DCI | https://www.nasdaq.com/articles/ceco-vs.-dci%3A-which-stock-is-the-better-value-option | nan | nan | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Currently, CECO Environmental has a Zacks Rank of #2 (Buy), while Donaldson has a Zacks Rank of #3 (Hold). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that CECO is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
CECO currently has a forward P/E ratio of 16.47, while DCI has a forward P/E of 19.72. We also note that CECO has a PEG ratio of 1.10. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. DCI currently has a PEG ratio of 1.88.
Another notable valuation metric for CECO is its P/B ratio of 2.01. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, DCI has a P/B of 6.41.
Based on these metrics and many more, CECO holds a Value grade of B, while DCI has a Value grade of C.
CECO is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. And, based on the above valuation metrics, we feel that CECO is likely the superior value option right now.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECO) : Free Stock Analysis Report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). CECO currently has a forward P/E ratio of 16.47, while DCI has a forward P/E of 19.72. DCI currently has a PEG ratio of 1.88. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. CECO currently has a forward P/E ratio of 16.47, while DCI has a forward P/E of 19.72. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). Based on these metrics and many more, CECO holds a Value grade of B, while DCI has a Value grade of C. CECO is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. Click to get this free report CECO Environmental Corp. (CECO) : Free Stock Analysis Report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). Based on these metrics and many more, CECO holds a Value grade of B, while DCI has a Value grade of C. CECO is currently sporting an improving earnings outlook, which makes it stick out in our Zacks Rank model. CECO currently has a forward P/E ratio of 16.47, while DCI has a forward P/E of 19.72. | 4f917b56-43ba-4172-8359-a7768d2a9c75 |
709631.0 | 2022-11-30 00:00:00 UTC | Ex-Dividend Reminder: Donaldson, Universal Logistics Holdings and Knight-Swift Transportation Holdings | DCI | https://www.nasdaq.com/articles/ex-dividend-reminder%3A-donaldson-universal-logistics-holdings-and-knight-swift | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 12/2/22, Donaldson Co. Inc. (Symbol: DCI), Universal Logistics Holdings Inc (Symbol: ULH), and Knight-Swift Transportation Holdings Inc (Symbol: KNX) will all trade ex-dividend for their respective upcoming dividends. Donaldson Co. Inc. will pay its quarterly dividend of $0.23 on 12/20/22, Universal Logistics Holdings Inc will pay its quarterly dividend of $0.105 on 1/3/23, and Knight-Swift Transportation Holdings Inc will pay its quarterly dividend of $0.12 on 12/27/22. As a percentage of DCI's recent stock price of $61.50, this dividend works out to approximately 0.37%, so look for shares of Donaldson Co. Inc. to trade 0.37% lower — all else being equal — when DCI shares open for trading on 12/2/22. Similarly, investors should look for ULH to open 0.28% lower in price and for KNX to open 0.22% lower, all else being equal.
Below are dividend history charts for DCI, ULH, and KNX, showing historical dividends prior to the most recent ones declared.
Donaldson Co. Inc. (Symbol: DCI):
Universal Logistics Holdings Inc (Symbol: ULH):
Knight-Swift Transportation Holdings Inc (Symbol: KNX):
In general, dividends are not always predictable, following the ups and downs of company profits over time. Therefore, a good first due diligence step in forming an expectation of annual yield going forward, is looking at the history above, for a sense of stability over time. This can help in judging whether the most recent dividends from these companies are likely to continue. If they do continue, the current estimated yields on annualized basis would be 1.50% for Donaldson Co. Inc., 1.12% for Universal Logistics Holdings Inc, and 0.87% for Knight-Swift Transportation Holdings Inc.
In Wednesday trading, Donaldson Co. Inc. shares are currently up about 4%, Universal Logistics Holdings Inc shares are up about 2.9%, and Knight-Swift Transportation Holdings Inc shares are up about 0.3% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
Also see:
Specialty Chemicals Dividend Stocks
MB Options Chain
Institutional Holders of GNSS
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of DCI's recent stock price of $61.50, this dividend works out to approximately 0.37%, so look for shares of Donaldson Co. Inc. to trade 0.37% lower — all else being equal — when DCI shares open for trading on 12/2/22. Looking at the universe of stocks we cover at Dividend Channel, on 12/2/22, Donaldson Co. Inc. (Symbol: DCI), Universal Logistics Holdings Inc (Symbol: ULH), and Knight-Swift Transportation Holdings Inc (Symbol: KNX) will all trade ex-dividend for their respective upcoming dividends. Below are dividend history charts for DCI, ULH, and KNX, showing historical dividends prior to the most recent ones declared. | Looking at the universe of stocks we cover at Dividend Channel, on 12/2/22, Donaldson Co. Inc. (Symbol: DCI), Universal Logistics Holdings Inc (Symbol: ULH), and Knight-Swift Transportation Holdings Inc (Symbol: KNX) will all trade ex-dividend for their respective upcoming dividends. Donaldson Co. Inc. (Symbol: DCI): Universal Logistics Holdings Inc (Symbol: ULH): Knight-Swift Transportation Holdings Inc (Symbol: KNX): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DCI's recent stock price of $61.50, this dividend works out to approximately 0.37%, so look for shares of Donaldson Co. Inc. to trade 0.37% lower — all else being equal — when DCI shares open for trading on 12/2/22. | Looking at the universe of stocks we cover at Dividend Channel, on 12/2/22, Donaldson Co. Inc. (Symbol: DCI), Universal Logistics Holdings Inc (Symbol: ULH), and Knight-Swift Transportation Holdings Inc (Symbol: KNX) will all trade ex-dividend for their respective upcoming dividends. Donaldson Co. Inc. (Symbol: DCI): Universal Logistics Holdings Inc (Symbol: ULH): Knight-Swift Transportation Holdings Inc (Symbol: KNX): In general, dividends are not always predictable, following the ups and downs of company profits over time. As a percentage of DCI's recent stock price of $61.50, this dividend works out to approximately 0.37%, so look for shares of Donaldson Co. Inc. to trade 0.37% lower — all else being equal — when DCI shares open for trading on 12/2/22. | Looking at the universe of stocks we cover at Dividend Channel, on 12/2/22, Donaldson Co. Inc. (Symbol: DCI), Universal Logistics Holdings Inc (Symbol: ULH), and Knight-Swift Transportation Holdings Inc (Symbol: KNX) will all trade ex-dividend for their respective upcoming dividends. As a percentage of DCI's recent stock price of $61.50, this dividend works out to approximately 0.37%, so look for shares of Donaldson Co. Inc. to trade 0.37% lower — all else being equal — when DCI shares open for trading on 12/2/22. Below are dividend history charts for DCI, ULH, and KNX, showing historical dividends prior to the most recent ones declared. | 4046af56-5099-4b16-b09b-e948216b71ca |
709632.0 | 2022-11-30 00:00:00 UTC | Donaldson (DCI) Q1 Earnings and Revenues Surpass Estimates | DCI | https://www.nasdaq.com/articles/donaldson-dci-q1-earnings-and-revenues-surpass-estimates-0 | nan | nan | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.14%. A quarter ago, it was expected that this maker of filtration systems would post earnings of $0.84 per share when it actually produced earnings of $0.84, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Donaldson, which belongs to the Zacks Pollution Control industry, posted revenues of $847.3 million for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 2.78%. This compares to year-ago revenues of $760.9 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Donaldson shares have lost about 0.2% since the beginning of the year versus the S&P 500's decline of -17%.
What's Next for Donaldson?
While Donaldson has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Donaldson: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.70 on $846.8 million in revenues for the coming quarter and $3 on $3.44 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Enerpac (EPAC), another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended November 2022.
This industrial products company is expected to post quarterly earnings of $0.27 per share in its upcoming report, which represents a year-over-year change of +68.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Enerpac's revenues are expected to be $133.1 million, up 1.7% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report To read this article on Zacks.com click here. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. | Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. Donaldson, which belongs to the Zacks Pollution Control industry, posted revenues of $847.3 million for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 2.78%. | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report To read this article on Zacks.com click here. Donaldson, which belongs to the Zacks Pollution Control industry, posted revenues of $847.3 million for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 2.78%. | Donaldson (DCI) came out with quarterly earnings of $0.75 per share, beating the Zacks Consensus Estimate of $0.70 per share. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report To read this article on Zacks.com click here. The company has topped consensus revenue estimates four times over the last four quarters. | 09045466-9f96-408e-824d-067139775cc0 |
709633.0 | 2022-11-30 00:00:00 UTC | Donaldson Company Inc. Q1 Profit Increases, beats estimates | DCI | https://www.nasdaq.com/articles/donaldson-company-inc.-q1-profit-increases-beats-estimates | nan | nan | (RTTNews) - Donaldson Company Inc. (DCI) announced a profit for its first quarter that increased from last year and beat the Street estimates.
The company's earnings came in at $87.2 million, or $0.70 per share. This compares with $77.1 million, or $0.61 per share, in last year's first quarter.
Excluding items, Donaldson Company Inc. reported adjusted earnings of $92.9 million or $0.75 per share for the period.
Analysts on average had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 11.4% to $847.3 million from $760.9 million last year.
Donaldson Company Inc. earnings at a glance (GAAP) :
-Earnings (Q1): $87.2 Mln. vs. $77.1 Mln. last year. -EPS (Q1): $0.70 vs. $0.61 last year. -Analyst Estimate: $0.71 -Revenue (Q1): $847.3 Mln vs. $760.9 Mln last year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Donaldson Company Inc. (DCI) announced a profit for its first quarter that increased from last year and beat the Street estimates. Excluding items, Donaldson Company Inc. reported adjusted earnings of $92.9 million or $0.75 per share for the period. Analysts on average had expected the company to earn $0.71 per share, according to figures compiled by Thomson Reuters. | (RTTNews) - Donaldson Company Inc. (DCI) announced a profit for its first quarter that increased from last year and beat the Street estimates. Excluding items, Donaldson Company Inc. reported adjusted earnings of $92.9 million or $0.75 per share for the period. Donaldson Company Inc. earnings at a glance (GAAP) : -Earnings (Q1): $87.2 Mln. | (RTTNews) - Donaldson Company Inc. (DCI) announced a profit for its first quarter that increased from last year and beat the Street estimates. Excluding items, Donaldson Company Inc. reported adjusted earnings of $92.9 million or $0.75 per share for the period. The company's revenue for the quarter rose 11.4% to $847.3 million from $760.9 million last year. | (RTTNews) - Donaldson Company Inc. (DCI) announced a profit for its first quarter that increased from last year and beat the Street estimates. The company's earnings came in at $87.2 million, or $0.70 per share. This compares with $77.1 million, or $0.61 per share, in last year's first quarter. | 866bedd1-ea8f-45ee-aa0a-1c38adc80be1 |
709634.0 | 2022-11-29 00:00:00 UTC | Pre-Market Earnings Report for November 30, 2022 : RY, HRL, BEKE, DCI, LESL, DOOO, XPEV, WOOF, TITN, NAT, KNOP, BBW | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-for-november-30-2022-%3A-ry-hrl-beke-dci-lesl-dooo-xpev-woof-titn | nan | nan | The following companies are expected to report earnings prior to market open on 11/30/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Royal Bank Of Canada (RY)is reporting for the quarter ending October 31, 2022. The bank (foreign) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.02. This value represents a 6.48% decrease compared to the same quarter last year. RY missed the consensus earnings per share in the 4th calendar quarter of 2021 by -3.57%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for RY is 11.87 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Hormel Foods Corporation (HRL)is reporting for the quarter ending October 31, 2022. The meat product company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.50. This value represents a 1.96% decrease compared to the same quarter last year. HRL missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -2.44%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for HRL is 27.13 vs. an industry ratio of 6.10, implying that they will have a higher earnings growth than their competitors in the same industry.
KE Holdings Inc (BEKE)is reporting for the quarter ending September 30, 2022. The real estate company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.09. This value represents a 139.13% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for BEKE is -489.67 vs. an industry ratio of -20.60.
Donaldson Company, Inc. (DCI)is reporting for the quarter ending October 31, 2022. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.70. This value represents a 14.75% increase compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 19.92 vs. an industry ratio of 19.80, implying that they will have a higher earnings growth than their competitors in the same industry.
Leslie's, Inc. (LESL)is reporting for the quarter ending September 30, 2022. The consumer company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.32. This value represents a 33.33% increase compared to the same quarter last year. LESL missed the consensus earnings per share in the 2nd calendar quarter of 2022 by -8.22%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LESL is 16.56 vs. an industry ratio of 2.50, implying that they will have a higher earnings growth than their competitors in the same industry.
BRP Inc. (DOOO)is reporting for the quarter ending October 31, 2022. The auto (truck) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $1.78. This value represents a 50.85% increase compared to the same quarter last year. In the past year DOOO has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 12.81%. The "days to cover" for this stock exceeds 57 days. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DOOO is 8.06 vs. an industry ratio of 6.40, implying that they will have a higher earnings growth than their competitors in the same industry.
XPeng Inc. (XPEV)is reporting for the quarter ending September 30, 2022. The auto (foreign) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.46. This value represents a 58.62% decrease compared to the same quarter last year. In the past year XPEV and beat the expectations the other quarter. Zacks Investment Research reports that the 2022 Price to Earnings ratio for XPEV is -4.66 vs. an industry ratio of -0.90.
Petco Health and Wellness Company, Inc. (WOOF)is reporting for the quarter ending October 31, 2022. The retail company's consensus earnings per share forecast from the 3 analysts that follow the stock is $0.13. This value represents a 23.53% decrease compared to the same quarter last year. WOOF missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -30%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for WOOF is 15.11 vs. an industry ratio of 10.50, implying that they will have a higher earnings growth than their competitors in the same industry.
Titan Machinery Inc. (TITN)is reporting for the quarter ending October 31, 2022. The retail company's consensus earnings per share forecast from the 1 analyst that follows the stock is $1.15. This value represents a 19.79% increase compared to the same quarter last year. In the past year TITN has beat the expectations every quarter. The highest one was in the 3rd calendar quarter where they beat the consensus by 54.93%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for TITN is 9.09 vs. an industry ratio of 6.30, implying that they will have a higher earnings growth than their competitors in the same industry.
Nordic American Tankers Limited (NAT)is reporting for the quarter ending September 30, 2022. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.00. This value represents a 100.00% increase compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for NAT is -83.25 vs. an industry ratio of 7.10.
KNOT Offshore Partners LP (KNOP)is reporting for the quarter ending September 30, 2022. The shipping company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.18. This value represents a 56.10% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for KNOP is 9.08 vs. an industry ratio of 7.10, implying that they will have a higher earnings growth than their competitors in the same industry.
Build-A-Bear Workshop, Inc. (BBW)is reporting for the quarter ending October 31, 2022. The retail company's consensus earnings per share forecast from the 1 analyst that follows the stock is $0.38. This value represents a no change for the same quarter last year. BBW missed the consensus earnings per share in the 3rd calendar quarter of 2022 by -15.56%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for BBW is 6.81 vs. an industry ratio of 10.50.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending October 31, 2022. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 19.92 vs. an industry ratio of 19.80, implying that they will have a higher earnings growth than their competitors in the same industry. The bank (foreign) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $2.02. | Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 19.92 vs. an industry ratio of 19.80, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. (DCI)is reporting for the quarter ending October 31, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for RY is 11.87 vs. an industry ratio of 8.40, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending October 31, 2022. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 19.92 vs. an industry ratio of 19.80, implying that they will have a higher earnings growth than their competitors in the same industry. Zacks Investment Research reports that the 2022 Price to Earnings ratio for LESL is 16.56 vs. an industry ratio of 2.50, implying that they will have a higher earnings growth than their competitors in the same industry. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending October 31, 2022. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DCI is 19.92 vs. an industry ratio of 19.80, implying that they will have a higher earnings growth than their competitors in the same industry. In the past year DOOO has beat the expectations every quarter. | 52716181-8915-4e7e-b251-ab371f0c56d8 |
709635.0 | 2022-11-23 00:00:00 UTC | Donaldson (DCI) Earnings Expected to Grow: What to Know Ahead of Next Week's Release | DCI | https://www.nasdaq.com/articles/donaldson-dci-earnings-expected-to-grow%3A-what-to-know-ahead-of-next-weeks-release-0 | nan | nan | Wall Street expects a year-over-year increase in earnings on higher revenues when Donaldson (DCI) reports results for the quarter ended October 2022. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 30. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on theearnings call it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus Estimate
This maker of filtration systems is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents a year-over-year change of +14.8%.
Revenues are expected to be $824.42 million, up 8.4% from the year-ago quarter.
Estimate Revisions Trend
The consensus EPS estimate for the quarter has been revised 0.85% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Earnings Whisper
Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for Donaldson?
For Donaldson, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -4.29%.
On the other hand, the stock currently carries a Zacks Rank of #3.
So, this combination makes it difficult to conclusively predict that Donaldson will beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?
Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that Donaldson would post earnings of $0.84 per share when it actually produced earnings of $0.84, delivering no surprise.
Over the last four quarters, the company has beaten consensus EPS estimates just once.
Bottom Line
An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Donaldson doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Wall Street expects a year-over-year increase in earnings on higher revenues when Donaldson (DCI) reports results for the quarter ended October 2022. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. | Wall Street expects a year-over-year increase in earnings on higher revenues when Donaldson (DCI) reports results for the quarter ended October 2022. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). | Wall Street expects a year-over-year increase in earnings on higher revenues when Donaldson (DCI) reports results for the quarter ended October 2022. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. | Wall Street expects a year-over-year increase in earnings on higher revenues when Donaldson (DCI) reports results for the quarter ended October 2022. Click to get this free report Donaldson Company, Inc. (DCI) : Free Stock Analysis Report To read this article on Zacks.com click here. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 30. | a81f8f8d-684f-4c57-b493-de18212c9651 |
709636.0 | 2022-11-22 00:00:00 UTC | Donaldson Co. Inc. Shares Approach 52-Week High - Market Mover | DCI | https://www.nasdaq.com/articles/donaldson-co.-inc.-shares-approach-52-week-high-market-mover | nan | nan | Donaldson Co. Inc. (DCI) shares closed today at 0.5% below its 52 week high of $60.92, giving the company a market cap of $7B. The stock is currently up 4.0% year-to-date, up 1.1% over the past 12 months, and up 37.5% over the past five years. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 0.4%.
Trading Activity
Trading volume this week was 16.3% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -57.9%
The company's stock price performance over the past 12 months beats the peer average by -143.5%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 88.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Co. Inc. (DCI) shares closed today at 0.5% below its 52 week high of $60.92, giving the company a market cap of $7B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -57.9% The company's stock price performance over the past 12 months beats the peer average by -143.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 88.9% higher than the average peer. | Donaldson Co. Inc. (DCI) shares closed today at 0.5% below its 52 week high of $60.92, giving the company a market cap of $7B. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 0.4%. Trading Activity Trading volume this week was 16.3% higher than the 20-day average. | Donaldson Co. Inc. (DCI) shares closed today at 0.5% below its 52 week high of $60.92, giving the company a market cap of $7B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -57.9% The company's stock price performance over the past 12 months beats the peer average by -143.5% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 88.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. | Donaldson Co. Inc. (DCI) shares closed today at 0.5% below its 52 week high of $60.92, giving the company a market cap of $7B. This week, the Dow Jones Industrial Average rose 1.6%, and the S&P 500 rose 0.4%. Technical Indicators The Relative Strength Index (RSI) on the stock was above 70, indicating it may be overbought. | 07bac3a6-b139-4411-8579-09c6b43e9848 |
709637.0 | 2022-11-21 00:00:00 UTC | Daily Dividend Report: HOG,HAL,CINF,DCI,OBT | DCI | https://www.nasdaq.com/articles/daily-dividend-report%3A-hoghalcinfdciobt | nan | nan | The Harley-Davidson Board of Directors has approved a cash dividend of $0.1575 per share for the fourth quarter of 2022. The dividend is payable December 23, 2022 to the shareholders of record of the Company's common stock as of December 9, 2022.
Halliburton announced today that its board of directors has declared a 2022 fourth quarter dividend of twelve cents a share on the Company's common stock payable on December 21, 2022, to shareholders of record at the close of business on December 8, 2022.
Cincinnati Financial announced that at today's regular meeting, the board of directors declared a 69-cents-per-share regular quarterly cash dividend. The dividend is payable January 13, 2023, to shareholders of record as of December 16, 2022.
Donaldson today announced that its Board of Directors declared a regular cash dividend of 23.0 cents per share. The dividend is payable December 20, 2022, to shareholders of record on December 5, 2022. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2022 marks the 27th consecutive year of annual dividend increases. The Company has paid a cash dividend every quarter for 67 years.
On November 17, 2022, the Board of Directors of Orange County Bancorp the parent company of Orange Bank & Trust Company and Hudson Valley Investment Advisors, declared a $0.23 cash dividend per share of its common stock. The dividend will be paid on December 15, 2022 to shareholders of record on December 2, 2022.
VIDEO: Daily Dividend Report: HOG,HAL,CINF,DCI,OBT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | VIDEO: Daily Dividend Report: HOG,HAL,CINF,DCI,OBT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The Harley-Davidson Board of Directors has approved a cash dividend of $0.1575 per share for the fourth quarter of 2022. Donaldson today announced that its Board of Directors declared a regular cash dividend of 23.0 cents per share. | VIDEO: Daily Dividend Report: HOG,HAL,CINF,DCI,OBT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Halliburton announced today that its board of directors has declared a 2022 fourth quarter dividend of twelve cents a share on the Company's common stock payable on December 21, 2022, to shareholders of record at the close of business on December 8, 2022. Cincinnati Financial announced that at today's regular meeting, the board of directors declared a 69-cents-per-share regular quarterly cash dividend. | VIDEO: Daily Dividend Report: HOG,HAL,CINF,DCI,OBT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The dividend is payable December 23, 2022 to the shareholders of record of the Company's common stock as of December 9, 2022. Halliburton announced today that its board of directors has declared a 2022 fourth quarter dividend of twelve cents a share on the Company's common stock payable on December 21, 2022, to shareholders of record at the close of business on December 8, 2022. | VIDEO: Daily Dividend Report: HOG,HAL,CINF,DCI,OBT The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. The dividend is payable December 23, 2022 to the shareholders of record of the Company's common stock as of December 9, 2022. Halliburton announced today that its board of directors has declared a 2022 fourth quarter dividend of twelve cents a share on the Company's common stock payable on December 21, 2022, to shareholders of record at the close of business on December 8, 2022. | e4311d0d-73af-418e-864b-c6ee384a8c16 |
709638.0 | 2022-11-16 00:00:00 UTC | Donaldson Co. Inc. Shares Close in on 52-Week High - Market Mover | DCI | https://www.nasdaq.com/articles/donaldson-co.-inc.-shares-close-in-on-52-week-high-market-mover-0 | nan | nan | Donaldson Co. Inc. (DCI) shares closed today at 1.8% below its 52 week high of $61.04, giving the company a market cap of $7B. The stock is currently up 3.2% year-to-date, down 1.4% over the past 12 months, and up 39.2% over the past five years. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 5.7%.
Trading Activity
Trading volume this week was 25.0% lower than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -65.5%
The company's stock price performance over the past 12 months beats the peer average by -71.2%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 91.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Co. Inc. (DCI) shares closed today at 1.8% below its 52 week high of $61.04, giving the company a market cap of $7B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -65.5% The company's stock price performance over the past 12 months beats the peer average by -71.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 91.4% higher than the average peer. | Donaldson Co. Inc. (DCI) shares closed today at 1.8% below its 52 week high of $61.04, giving the company a market cap of $7B. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 5.7%. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -65.5% The company's stock price performance over the past 12 months beats the peer average by -71.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 91.4% higher than the average peer. | Donaldson Co. Inc. (DCI) shares closed today at 1.8% below its 52 week high of $61.04, giving the company a market cap of $7B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -65.5% The company's stock price performance over the past 12 months beats the peer average by -71.2% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 91.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. | Donaldson Co. Inc. (DCI) shares closed today at 1.8% below its 52 week high of $61.04, giving the company a market cap of $7B. This week, the Dow Jones Industrial Average rose 3.3%, and the S&P 500 rose 5.7%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. | b24bdeb1-0234-4173-875d-c127ab6a7e89 |
709639.0 | 2022-11-15 00:00:00 UTC | Donaldson Co. Inc. Shares Close in on 52-Week High - Market Mover | DCI | https://www.nasdaq.com/articles/donaldson-co.-inc.-shares-close-in-on-52-week-high-market-mover | nan | nan | Donaldson Co. Inc. (DCI) shares closed today at 1.2% below its 52 week high of $61.12, giving the company a market cap of $7B. The stock is currently up 3.0% year-to-date, down 1.3% over the past 12 months, and up 40.7% over the past five years. This week, the Dow Jones Industrial Average rose 1.4%, and the S&P 500 rose 4.3%.
Trading Activity
Trading volume this week was 22.5% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was between 30 and 70.
MACD, a trend-following momentum indicator, indicates an upward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by -72.6%
The company's stock price performance over the past 12 months beats the peer average by -61.3%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 79.9% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Co. Inc. (DCI) shares closed today at 1.2% below its 52 week high of $61.12, giving the company a market cap of $7B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.6% The company's stock price performance over the past 12 months beats the peer average by -61.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 79.9% higher than the average peer. | Donaldson Co. Inc. (DCI) shares closed today at 1.2% below its 52 week high of $61.12, giving the company a market cap of $7B. This week, the Dow Jones Industrial Average rose 1.4%, and the S&P 500 rose 4.3%. Trading Activity Trading volume this week was 22.5% higher than the 20-day average. | Donaldson Co. Inc. (DCI) shares closed today at 1.2% below its 52 week high of $61.12, giving the company a market cap of $7B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , beats it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , beats it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , beats it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by -72.6% The company's stock price performance over the past 12 months beats the peer average by -61.3% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 79.9% higher than the average peer. This story was produced by the Kwhen Automated News Generator. | Donaldson Co. Inc. (DCI) shares closed today at 1.2% below its 52 week high of $61.12, giving the company a market cap of $7B. This week, the Dow Jones Industrial Average rose 1.4%, and the S&P 500 rose 4.3%. Technical Indicators The Relative Strength Index (RSI) on the stock was between 30 and 70. | b396a27e-35d0-4536-9ddb-6b9276687048 |
709640.0 | 2022-11-14 00:00:00 UTC | CECO vs. DCI: Which Stock Should Value Investors Buy Now? | DCI | https://www.nasdaq.com/articles/ceco-vs.-dci%3A-which-stock-should-value-investors-buy-now | nan | nan | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
CECO Environmental has a Zacks Rank of #2 (Buy), while Donaldson has a Zacks Rank of #3 (Hold) right now. This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that CECO is likely seeing its earnings outlook improve to a greater extent. But this is only part of the picture for value investors.
Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
CECO currently has a forward P/E ratio of 16.54, while DCI has a forward P/E of 19.83. We also note that CECO has a PEG ratio of 1.10. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. DCI currently has a PEG ratio of 1.89.
Another notable valuation metric for CECO is its P/B ratio of 2.01. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. For comparison, DCI has a P/B of 6.45.
These are just a few of the metrics contributing to CECO's Value grade of B and DCI's Value grade of C.
CECO has seen stronger estimate revision activity and sports more attractive valuation metrics than DCI, so it seems like value investors will conclude that CECO is the superior option right now.
Just Released: Free Report Reveals Little-Known Strategies to Help Profit from the $30 Trillion Metaverse Boom
It's undeniable. The metaverse is gaining steam every day. Just follow the money. Google. Microsoft. Adobe. Nike. Facebook even rebranded itself as Meta because Mark Zuckerberg believes the metaverse is the next iteration of the internet. The inevitable result? Many investors will get rich as the metaverse evolves. What do they know that you don't? They’re aware of the companies best poised to grow as the metaverse does. And in a new FREE report, Zacks is revealing those stocks to you. This week, you can download, The Metaverse - What is it? And How to Profit with These 5 Pioneering Stocks. It reveals specific stocks set to skyrocket as this emerging technology develops and expands. Don't miss your chance to access it for free with no obligation.
>>Show me how I could profit from the metaverse!
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECO): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). CECO currently has a forward P/E ratio of 16.54, while DCI has a forward P/E of 19.83. DCI currently has a PEG ratio of 1.89. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). CECO currently has a forward P/E ratio of 16.54, while DCI has a forward P/E of 19.83. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). These are just a few of the metrics contributing to CECO's Value grade of B and DCI's Value grade of C. CECO has seen stronger estimate revision activity and sports more attractive valuation metrics than DCI, so it seems like value investors will conclude that CECO is the superior option right now. CECO currently has a forward P/E ratio of 16.54, while DCI has a forward P/E of 19.83. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECO) or Donaldson (DCI). CECO currently has a forward P/E ratio of 16.54, while DCI has a forward P/E of 19.83. DCI currently has a PEG ratio of 1.89. | 05e8ab6b-a9c5-444e-8e80-6cabbe5fca99 |
709641.0 | 2022-11-08 00:00:00 UTC | Fuel Tech, Inc. (FTEK) Q3 Earnings and Revenues Surpass Estimates | DCI | https://www.nasdaq.com/articles/fuel-tech-inc.-ftek-q3-earnings-and-revenues-surpass-estimates | nan | nan | Fuel Tech, Inc. (FTEK) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this company would post a loss of $0.03 per share when it actually produced a loss of $0.01, delivering a surprise of 66.67%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fuel Tech, Inc., which belongs to the Zacks Pollution Control industry, posted revenues of $8.02 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 21.10%. This compares to year-ago revenues of $7.56 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fuel Tech, Inc. Shares have lost about 12.1% since the beginning of the year versus the S&P 500's decline of -20.1%.
What's Next for Fuel Tech, Inc.
While Fuel Tech, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fuel Tech, Inc. Favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $5.81 million in revenues for the coming quarter and -$0.10 on $24.34 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the top 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Donaldson (DCI), is yet to report results for the quarter ended October 2022. The results are expected to be released on November 30.
This maker of filtration systems is expected to post quarterly earnings of $0.70 per share in its upcoming report, which represents a year-over-year change of +14.8%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.
Donaldson's revenues are expected to be $824.42 million, up 8.4% from the year-ago quarter.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Fuel Tech, Inc. (FTEK): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock from the same industry, Donaldson (DCI), is yet to report results for the quarter ended October 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. | One other stock from the same industry, Donaldson (DCI), is yet to report results for the quarter ended October 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Fuel Tech, Inc., which belongs to the Zacks Pollution Control industry, posted revenues of $8.02 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 21.10%. | One other stock from the same industry, Donaldson (DCI), is yet to report results for the quarter ended October 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Fuel Tech, Inc. (FTEK) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. | One other stock from the same industry, Donaldson (DCI), is yet to report results for the quarter ended October 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Fuel Tech, Inc. (FTEK) came out with quarterly earnings of $0.01 per share, beating the Zacks Consensus Estimate of a loss of $0.02 per share. | ed4ab1da-93e3-4a0d-9d2f-312b96460b2e |
709642.0 | 2022-10-25 00:00:00 UTC | CECO (CECE) Moves 9.6% Higher: Will This Strength Last? | DCI | https://www.nasdaq.com/articles/ceco-cece-moves-9.6-higher%3A-will-this-strength-last | nan | nan | CECO Environmental CECE shares rallied 9.6% in the last trading session to close at $11.51. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 15.5% gain over the past four weeks.
The stock rose due to its shift from a business focused on cyclical, longer-cycle and project-based energy markets to a vertical, shorter-cycle profile with end-markets benefiting from ESG tailwinds for clean air and clean water.
This maker of air pollution controls and industrial ventilation systems is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of +1300%. Revenues are expected to be $97.07 million, up 21.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For CECO, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CECE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
CECO belongs to the Zacks Pollution Control industry. Another stock from the same industry, Donaldson (DCI), closed the last trading session 2.6% higher at $54.54. Over the past month, DCI has returned 7.1%.
For Donaldson, the consensus EPS estimate for the upcoming report has changed -0.9% over the past month to $0.70. This represents a change of +14.8% from what the company reported a year ago. Donaldson currently has a Zacks Rank of #3 (Hold).
Just Released: Zacks Unveils the Top 5 EV Stocks for 2022
For several months now, electric vehicles have been disrupting the $82 billion automotive industry. And that disruption is only getting bigger thanks to sky-high gas prices. Even titans in the financial industry including George Soros, Jeff Bezos, and Ray Dalio have invested in this unstoppable wave. You don't want to be sitting on your hands while EV stocks break out and climb to new highs. In a new free report, Zacks is revealing the top 5 EV stocks for investors. Next year, don't look back on today wishing you had taken advantage of this opportunity.
>>Send me my free report revealing the top 5 EV stocks
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECE): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Donaldson (DCI), closed the last trading session 2.6% higher at $54.54. Over the past month, DCI has returned 7.1%. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Another stock from the same industry, Donaldson (DCI), closed the last trading session 2.6% higher at $54.54. Over the past month, DCI has returned 7.1%. | Another stock from the same industry, Donaldson (DCI), closed the last trading session 2.6% higher at $54.54. Over the past month, DCI has returned 7.1%. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Another stock from the same industry, Donaldson (DCI), closed the last trading session 2.6% higher at $54.54. Over the past month, DCI has returned 7.1%. | abfa8b44-bfe8-4769-8253-b9ac9d7bf647 |
709643.0 | 2022-10-18 00:00:00 UTC | DCI Makes Bullish Cross Above Critical Moving Average | DCI | https://www.nasdaq.com/articles/dci-makes-bullish-cross-above-critical-moving-average | nan | nan | In trading on Tuesday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $52.30, changing hands as high as $53.43 per share. Donaldson Co. Inc. shares are currently trading up about 1.1% on the day. The chart below shows the one year performance of DCI shares, versus its 200 day moving average:
Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $63.15 as the 52 week high point — that compares with a last trade of $52.72.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $52.30, changing hands as high as $53.43 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $63.15 as the 52 week high point — that compares with a last trade of $52.72. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $52.30, changing hands as high as $53.43 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $63.15 as the 52 week high point — that compares with a last trade of $52.72. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $52.30, changing hands as high as $53.43 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $63.15 as the 52 week high point — that compares with a last trade of $52.72. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Tuesday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $52.30, changing hands as high as $53.43 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $63.15 as the 52 week high point — that compares with a last trade of $52.72. Donaldson Co. Inc. shares are currently trading up about 1.1% on the day. | 0d149698-5825-439d-8629-2274bb2f30a8 |
709644.0 | 2022-10-08 00:00:00 UTC | Don't Ignore The Fact That This Insider Just Sold Some Shares In Donaldson Company, Inc. (NYSE:DCI) | DCI | https://www.nasdaq.com/articles/dont-ignore-the-fact-that-this-insider-just-sold-some-shares-in-donaldson-company-inc. | nan | nan | We wouldn't blame Donaldson Company, Inc. (NYSE:DCI) shareholders if they were a little worried about the fact that Wim Julien Vermeersch, a company insider, recently netted about US$1.5m selling shares at an average price of US$49.79. Probably the most concerning element of the whole transaction is that the disposal amounted to 87% of their entire holding.
The Last 12 Months Of Insider Transactions At Donaldson Company
In fact, the recent sale by Wim Julien Vermeersch was the biggest sale of Donaldson Company shares made by an insider individual in the last twelve months, according to our records. That means that an insider was selling shares at below the current price (US$50.68). We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was 87% of Wim Julien Vermeersch's stake.
Insiders in Donaldson Company didn't buy any shares in the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!
NYSE:DCI Insider Trading Volume October 8th 2022
For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket.
Does Donaldson Company Boast High Insider Ownership?
Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. A high insider ownership often makes company leadership more mindful of shareholder interests. Insiders own 0.5% of Donaldson Company shares, worth about US$31m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.
So What Do The Donaldson Company Insider Transactions Indicate?
An insider hasn't bought Donaldson Company stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. But it is good to see that Donaldson Company is growing earnings. Insiders own shares, but we're still pretty cautious, given the history of sales. We're in no rush to buy! So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. Case in point: We've spotted 2 warning signs for Donaldson Company you should be aware of.
If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.
For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions, but not derivative transactions.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | We wouldn't blame Donaldson Company, Inc. (NYSE:DCI) shareholders if they were a little worried about the fact that Wim Julien Vermeersch, a company insider, recently netted about US$1.5m selling shares at an average price of US$49.79. NYSE:DCI Insider Trading Volume October 8th 2022 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. The Last 12 Months Of Insider Transactions At Donaldson Company In fact, the recent sale by Wim Julien Vermeersch was the biggest sale of Donaldson Company shares made by an insider individual in the last twelve months, according to our records. | We wouldn't blame Donaldson Company, Inc. (NYSE:DCI) shareholders if they were a little worried about the fact that Wim Julien Vermeersch, a company insider, recently netted about US$1.5m selling shares at an average price of US$49.79. NYSE:DCI Insider Trading Volume October 8th 2022 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. The Last 12 Months Of Insider Transactions At Donaldson Company In fact, the recent sale by Wim Julien Vermeersch was the biggest sale of Donaldson Company shares made by an insider individual in the last twelve months, according to our records. | We wouldn't blame Donaldson Company, Inc. (NYSE:DCI) shareholders if they were a little worried about the fact that Wim Julien Vermeersch, a company insider, recently netted about US$1.5m selling shares at an average price of US$49.79. NYSE:DCI Insider Trading Volume October 8th 2022 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. The Last 12 Months Of Insider Transactions At Donaldson Company In fact, the recent sale by Wim Julien Vermeersch was the biggest sale of Donaldson Company shares made by an insider individual in the last twelve months, according to our records. | We wouldn't blame Donaldson Company, Inc. (NYSE:DCI) shareholders if they were a little worried about the fact that Wim Julien Vermeersch, a company insider, recently netted about US$1.5m selling shares at an average price of US$49.79. NYSE:DCI Insider Trading Volume October 8th 2022 For those who like to find winning investments this free list of growing companies with recent insider purchasing, could be just the ticket. Insiders in Donaldson Company didn't buy any shares in the last year. | f31fb616-7825-4336-948f-4174e0647d60 |
709645.0 | 2022-10-07 00:00:00 UTC | Here's Why You Should Hold on to Donaldson (DCI) Stock for Now | DCI | https://www.nasdaq.com/articles/heres-why-you-should-hold-on-to-donaldson-dci-stock-for-now | nan | nan | Donaldson Company, Inc. DCI is well-poised for growth, driven by a diversified business structure with exposure in various geographies, a strong product portfolio, solid demand and a focus on innovation despite supply-chain issues, raw material inflation and foreign currency woes. Increased levels of equipment utilization across the end markets and market share gains in less mature geographies are aiding its Aftermarket business. In the quarters ahead, the Aerospace and defense business are expected to perform well, supported by improved commercial aerospace market conditions.
Donaldson has been strengthening and expanding its businesses through asset additions for a while. Its Purilogics, LLC (June 2022) buyout strengthened DCI’s life sciences portfolio by leveraging Purilogics’ unique product offerings. The acquisition of Solaris Biotechnology (in November 2021) strengthened its presence across several end markets, including food and beverage, biopharma and other major life sciences. Also, DCI acquired Pearson Arnold Industrial Services in the same month.
DCI’s measures to reward its shareholders through dividend payments and share buybacks are encouraging. During fiscal 2022 (ended July 2022), Donaldson paid out dividends worth $110.1 million and repurchased shares worth $170.6 million. DCI also announced a hike of 4.5% in its quarterly dividend rate in May 2022.
In light of the above-mentioned positives, we believe, investors should hold on to the Donaldson stock for now, as is suggested by its current Zacks Rank #3 (Hold).
In the past three months, the stock has rallied 5% compared with the industry’s increase of 3.3%.
Image Source: Zacks Investment Research
Stocks to Consider
Some better-ranked companies from the Industrial Products sector are discussed below:
Applied Industrial Technologies, Inc. AIT presently has a Zacks Rank #1 (Strong Buy) and a trailing four-quarter earnings surprise of 22.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
AIT’s earnings estimates have increased 5.1% for fiscal 2023 (ending June 2023) in the past 60 days. Its shares have risen 18.1% in the past three months.
IDEX Corporation IEX presently has a Zacks Rank #2. IEX’s earnings surprise in the last four quarters was 4.6%, on average.
In the past 60 days, IDEX’s earnings estimates have increased 0.1% for 2022. The stock has rallied 11.7% in the past three months.
Eaton Corporation plc ETN presently has a Zacks Rank of 2. ETN’s earnings surprise in the last four quarters was 1.4%, on average.
In the past 60 days, Eaton’s earnings estimates have increased 0.1% for 2022. The stock has rallied 11.5% in the past three months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Eaton Corporation, PLC (ETN): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
IDEX Corporation (IEX): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI is well-poised for growth, driven by a diversified business structure with exposure in various geographies, a strong product portfolio, solid demand and a focus on innovation despite supply-chain issues, raw material inflation and foreign currency woes. Its Purilogics, LLC (June 2022) buyout strengthened DCI’s life sciences portfolio by leveraging Purilogics’ unique product offerings. Also, DCI acquired Pearson Arnold Industrial Services in the same month. | Donaldson Company, Inc. DCI is well-poised for growth, driven by a diversified business structure with exposure in various geographies, a strong product portfolio, solid demand and a focus on innovation despite supply-chain issues, raw material inflation and foreign currency woes. Its Purilogics, LLC (June 2022) buyout strengthened DCI’s life sciences portfolio by leveraging Purilogics’ unique product offerings. Also, DCI acquired Pearson Arnold Industrial Services in the same month. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI is well-poised for growth, driven by a diversified business structure with exposure in various geographies, a strong product portfolio, solid demand and a focus on innovation despite supply-chain issues, raw material inflation and foreign currency woes. Its Purilogics, LLC (June 2022) buyout strengthened DCI’s life sciences portfolio by leveraging Purilogics’ unique product offerings. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI is well-poised for growth, driven by a diversified business structure with exposure in various geographies, a strong product portfolio, solid demand and a focus on innovation despite supply-chain issues, raw material inflation and foreign currency woes. Its Purilogics, LLC (June 2022) buyout strengthened DCI’s life sciences portfolio by leveraging Purilogics’ unique product offerings. | d77a525e-e4b4-40d9-9a01-99bf79a5ef40 |
709646.0 | 2022-09-30 00:00:00 UTC | Donaldson (DCI) Down 3.9% Since Last Earnings Report: Can It Rebound? | DCI | https://www.nasdaq.com/articles/donaldson-dci-down-3.9-since-last-earnings-report%3A-can-it-rebound | nan | nan | A month has gone by since the last earnings report for Donaldson (DCI). Shares have lost about 3.9% in that time frame, outperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Donaldson due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Donaldson Q4 Earnings Match Estimates, Revenues Beat
Donaldson Company, Inc.’s fourth-quarter fiscal 2022 (ended Jul 31, 2022) earnings matched the Zacks Consensus Estimate of 84 cents, while sales surpassed the same by 1.3%.
The bottom line improved 27.3% from the year-ago quarter’s 66 cents. Sales growth in the reported quarter was partially offset by the headwinds stemming from supply-chain constraints and higher cost of raw materials.
Revenue Results
In the fiscal fourth quarter, Donaldson’s net sales were $890 million, reflecting year-over-year growth of 15.1%. The top line surpassed the Zacks Consensus Estimate of $879 million.
Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. The top line expanded 14.8% in Europe, the Middle East and Africa, 34.9% in Latin America and 8.4% in the Asia Pacific.
Donaldson reports revenues under the following segments: Engine Products and Industrial Products. A brief snapshot of the segmental sales is provided below:
Engine Products’ (accounting for 69.7% of net sales in fourth-quarter fiscal 2022) sales were $620.3 million, reflecting year-over-year growth of 17.5%.
The results were positively impacted by 20.5% growth in Off-Road, 20.7% in Aerospace and Defense, 17.7% in Aftermarket sales and 4.6% in On-Road.
Revenues generated from Industrial Products (accounting for 30.3% of net sales in fourth-quarter fiscal 2022) were $269.7 million, increasing 10.1% from the year-ago quarter’s figure.
Results benefited from sales growth of 13.5% in Industrial Filtration Solutions and 38.5% in Gas Turbine Systems. However, sales declined 16.6% in Special Applications.
Margin Profile
In the fiscal fourth quarter, Donaldson’s cost of sales increased 17.9% year over year to $598.4 million. Gross profit jumped 9.8% to $291.6 million, while gross margin declined 160 basis points (bps) to 32.8%. The margin results were negatively impacted by higher raw material costs, partially offset by favorable pricing.
Operating expenses increased 5.6% year over year to $162.3 million. Operating profit in the quarter under review increased 15.4% to $129.3 million. Operating margin was 14.5%, flat year over year.
Effective tax rate in the quarter was 21.4% compared with 26% in the year-ago quarter.
Balance Sheet & Cash Flow
While exiting fourth-quarter fiscal 2022, Donaldson’s cash and cash equivalents were $193.3 million, down 13.2% from $222.8 million recorded in the last fiscal year’s comparable quarter. Long-term debt was up 39.8% year over year to $644.3 million.
In fiscal 2022, Donaldson repaid the long-term debt of $90 million.
In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. Capital expenditure (net) totaled $85.2 million compared with $58.3 million in the year-ago fiscal period. Free cash flow decreased 51.2% to $167.7 million.
In fiscal 2022, DCI used $170.6 million to repurchase shares and $110.1 million to pay out dividends.
Outlook
For fiscal 2023 (ending July 2022), Donaldson expects earnings per share of $2.91-$3.07 compared with 2022 GAAP and adjusted EPS of $2.66 and $2.68, respectively. Sales are anticipated to increase 1-5% from the fiscal 2022 level. Positive pricing is anticipated to leave an accretive impact of 6%. However, movements in foreign currencies are expected to negatively impact sales by 4%.
On a segmental basis, Engine Products sales are anticipated to increase 0-4% from the fiscal 2022 level. The segment’s performance is likely to benefit from mid-single digit growth in Aftermarket and Aerospace sales. Also, solid growth in Defense sales is anticipated to offset low-single digits declines in On-Road and Off-Road sales.
Sales growth for Industrial Products is anticipated to be 3-7% compared with the fiscal 2022 figure. The segment is likely to gain from high-single-digit growth in Industrial Filtration Solutions. Gas Turbine Systems sales are projected to be up low-single digits, while Special Applications sales are anticipated to be flat with the prior-year period’s figure.
Operating margin is expected to be 14.5-15.4% for fiscal 2023, suggesting an increase from the reported and adjusted operating margin of 13.4% and 13.5%, respectively, in fiscal 2022. Interest expenses are predicted to be $14.5-$15 million. Other income is likely to be approximately $17 million. Effective tax rate is anticipated to be 25-27%.
Capital expenditure for the fiscal year is expected to be $115-$135 million. Free cash flow conversion is anticipated to be 110-125%. Share buybacks are expected to account for 2% of outstanding shares.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
VGM Scores
Currently, Donaldson has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with a D. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of B. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions looks promising. Notably, Donaldson has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A month has gone by since the last earnings report for Donaldson (DCI). Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. | A month has gone by since the last earnings report for Donaldson (DCI). Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. | A month has gone by since the last earnings report for Donaldson (DCI). Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. | A month has gone by since the last earnings report for Donaldson (DCI). Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. | 960ed485-e970-45c4-9806-d0f3dde556c5 |
709647.0 | 2022-09-21 00:00:00 UTC | Donaldson Company, Inc. (NYSE:DCI) Shares Could Be 39% Below Their Intrinsic Value Estimate | DCI | https://www.nasdaq.com/articles/donaldson-company-inc.-nyse%3Adci-shares-could-be-39-below-their-intrinsic-value-estimate | nan | nan | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Donaldson Company, Inc. (NYSE:DCI) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. Our analysis will employ the Discounted Cash Flow (DCF) model. Before you think you won't be able to understand it, just read on! It's actually much less complex than you'd imagine.
Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.
The Method
We use what is known as a 2-stage model, which simply means we have two different periods of growth rates for the company's cash flows. Generally the first stage is higher growth, and the second stage is a lower growth phase. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
Generally we assume that a dollar today is more valuable than a dollar in the future, so we need to discount the sum of these future cash flows to arrive at a present value estimate:
10-year free cash flow (FCF) forecast
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Levered FCF ($, Millions) US$394.4m US$388.8m US$409.7m US$432.5m US$465.0m US$487.0m US$506.0m US$522.7m US$537.9m US$551.9m
Growth Rate Estimate Source Analyst x4 Analyst x4 Analyst x2 Analyst x2 Analyst x1 Est @ 4.73% Est @ 3.9% Est @ 3.31% Est @ 2.9% Est @ 2.61%
Present Value ($, Millions) Discounted @ 6.3% US$371 US$344 US$341 US$339 US$343 US$338 US$330 US$321 US$311 US$300
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$3.3b
We now need to calculate the Terminal Value, which accounts for all the future cash flows after this ten year period. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 1.9%. We discount the terminal cash flows to today's value at a cost of equity of 6.3%.
Terminal Value (TV)= FCF2032 × (1 + g) ÷ (r – g) = US$552m× (1 + 1.9%) ÷ (6.3%– 1.9%) = US$13b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$13b÷ ( 1 + 6.3%)10= US$7.0b
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$10b. The last step is to then divide the equity value by the number of shares outstanding. Compared to the current share price of US$51.8, the company appears quite undervalued at a 39% discount to where the stock price trades currently. The assumptions in any calculation have a big impact on the valuation, so it is better to view this as a rough estimate, not precise down to the last cent.
NYSE:DCI Discounted Cash Flow September 21st 2022
The Assumptions
The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Donaldson Company as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 6.3%, which is based on a levered beta of 1.027. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
Next Steps:
Whilst important, the DCF calculation is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Preferably you'd apply different cases and assumptions and see how they would impact the company's valuation. For example, changes in the company's cost of equity or the risk free rate can significantly impact the valuation. What is the reason for the share price sitting below the intrinsic value? For Donaldson Company, we've compiled three important factors you should look at:
Risks: Take risks, for example - Donaldson Company has 1 warning sign we think you should be aware of.
Future Earnings: How does DCI's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart.
Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!
PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Donaldson Company, Inc. (NYSE:DCI) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. NYSE:DCI Discounted Cash Flow September 21st 2022 The Assumptions The calculation above is very dependent on two assumptions. Future Earnings: How does DCI's growth rate compare to its peers and the wider market? | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Donaldson Company, Inc. (NYSE:DCI) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. NYSE:DCI Discounted Cash Flow September 21st 2022 The Assumptions The calculation above is very dependent on two assumptions. Future Earnings: How does DCI's growth rate compare to its peers and the wider market? | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Donaldson Company, Inc. (NYSE:DCI) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. NYSE:DCI Discounted Cash Flow September 21st 2022 The Assumptions The calculation above is very dependent on two assumptions. Future Earnings: How does DCI's growth rate compare to its peers and the wider market? | Today we'll do a simple run through of a valuation method used to estimate the attractiveness of Donaldson Company, Inc. (NYSE:DCI) as an investment opportunity by estimating the company's future cash flows and discounting them to their present value. NYSE:DCI Discounted Cash Flow September 21st 2022 The Assumptions The calculation above is very dependent on two assumptions. Future Earnings: How does DCI's growth rate compare to its peers and the wider market? | 136dafd0-46cd-419a-b16d-d4f131ec0a5f |
709648.0 | 2022-09-01 00:00:00 UTC | Donaldson (DCI) Q4 Earnings Match Estimates, Revenues Beat | DCI | https://www.nasdaq.com/articles/donaldson-dci-q4-earnings-match-estimates-revenues-beat | nan | nan | Donaldson Company, Inc.’s DCI fourth-quarter fiscal 2022 (ended Jul 31, 2022) earnings matched the Zacks Consensus Estimate of 84 cents, while sales surpassed the same by 1.3%.
The bottom line improved 27.3% from the year-ago quarter’s 66 cents. Sales growth in the reported quarter was partially offset by the headwinds stemming from supply-chain constraints and higher cost of raw materials.
Revenue Results
In the fiscal fourth quarter, Donaldson’s net sales were $890 million, reflecting year-over-year growth of 15.1%. The top line surpassed the Zacks Consensus Estimate of $879 million.
Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. The top line expanded 14.8% in Europe, the Middle East and Africa, 34.9% in Latin America and 8.4% in the Asia Pacific.
Donaldson reports revenues under the following segments: Engine Products and Industrial Products. A brief snapshot of the segmental sales is provided below:
Engine Products’ (accounting for 69.7% of net sales in fourth-quarter fiscal 2022) sales were $620.3 million, reflecting year-over-year growth of 17.5%.
The results were positively impacted by 20.5% growth in Off-Road, 20.7% in Aerospace and Defense, 17.7% in Aftermarket sales and 4.6% in On-Road.
Revenues generated from Industrial Products (accounting for 30.3% of net sales in fourth-quarter fiscal 2022) were $269.7 million, increasing 10.1% from the year-ago quarter’s figure.
Results benefited from sales growth of 13.5% in Industrial Filtration Solutions and 38.5% in Gas Turbine Systems. However, sales declined 16.6% in Special Applications.
Donaldson Company, Inc. Price and Consensus
Donaldson Company, Inc. price-consensus-chart | Donaldson Company, Inc. Quote
Margin Profile
In the fiscal fourth quarter, Donaldson’s cost of sales increased 17.9% year over year to $598.4 million. Gross profit jumped 9.8% to $291.6 million, while gross margin declined 160 basis points (bps) to 32.8%. The margin results were negatively impacted by higher raw material costs, partially offset by favorable pricing.
Operating expenses increased 5.6% year over year to $162.3 million. Operating profit in the quarter under review increased 15.4% to $129.3 million. Operating margin was 14.5%, flat year over year.
Effective tax rate in the quarter was 21.4% compared with 26% in the year-ago quarter.
Balance Sheet & Cash Flow
While exiting fourth-quarter fiscal 2022, Donaldson’s cash and cash equivalents were $193.3 million, down 13.2% from $222.8 million recorded in the last fiscal year’s comparable quarter. Long-term debt was up 39.8% year over year to $644.3 million.
In fiscal 2022, Donaldson repaid the long-term debt of $90 million.
In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. Capital expenditure (net) totaled $85.2 million compared with $58.3 million in the year-ago fiscal period. Free cash flow decreased 51.2% to $167.7 million.
In fiscal 2022, DCI used $170.6 million to repurchase shares and $110.1 million to pay out dividends.
Outlook
For fiscal 2023 (ending July 2022), Donaldson expects earnings per share of $2.91-$3.07 compared with 2022 GAAP and adjusted EPS of $2.66 and $2.68, respectively. Sales are anticipated to increase 1-5% from the fiscal 2022 level. Positive pricing is anticipated to leave an accretive impact of 6%. However, movements in foreign currencies are expected to negatively impact sales by 4%.
On a segmental basis, Engine Products sales are anticipated to increase 0-4% from the fiscal 2022 level. The segment’s performance is likely to benefit from mid-single digit growth in Aftermarket and Aerospace sales. Also, solid growth in Defense sales is anticipated to offset low-single digits declines in On-Road and Off-Road sales.
Sales growth for Industrial Products is anticipated to be 3-7% compared with the fiscal 2022 figure. The segment is likely to gain from high-single-digit growth in Industrial Filtration Solutions. Gas Turbine Systems sales are projected to be up low-single digits, while Special Applications sales are anticipated to be flat with the prior-year period’s figure.
Operating margin is expected to be 14.5-15.4% for fiscal 2023, suggesting an increase from the reported and adjusted operating margin of 13.4% and 13.5%, respectively, in fiscal 2022. Interest expenses are predicted to be $14.5-$15 million. Other income is likely to be approximately $17 million. Effective tax rate is anticipated to be 25-27%.
Capital expenditure for the fiscal year is expected to be $115-$135 million. Free cash flow conversion is anticipated to be 110-125%. Share buybacks are expected to account for 2% of outstanding shares.
Zacks Rank & Stocks to Consider
DCI currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the industrial products sector are discussed below:
Applied Industrial Technologies, Inc. AIT presently sports a Zacks Rank #1 (Strong Buy). AIT delivered a trailing four-quarter earnings surprise of 22.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
AIT’s earnings estimates have increased 5.8% for fiscal 2023 (ending June 2023) in the past 60 days. Its shares have rallied 4.1% in the past six months.
Greif, Inc. GEF presently has a Zacks Rank #2 (Buy). GEF delivered a trailing four-quarter earnings surprise of 22.9%, on average.
GEF’s earnings estimates have increased 0.4% for fiscal 2022 (ending October 2022) in the past 60 days. Its shares have risen 18.3% in the past six months.
Valmont Industries, Inc. VMI presently has a Zacks Rank of 2. VMI’s earnings surprise in the last four quarters was 13.7%, on average.
In the past 60 days, Valmont’s earnings estimates have increased 3.8% for 2022. The stock has rallied 26.9% in the past six months.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Valmont Industries, Inc. (VMI): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Greif, Inc. (GEF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc.’s DCI fourth-quarter fiscal 2022 (ended Jul 31, 2022) earnings matched the Zacks Consensus Estimate of 84 cents, while sales surpassed the same by 1.3%. Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. | Donaldson Company, Inc.’s DCI fourth-quarter fiscal 2022 (ended Jul 31, 2022) earnings matched the Zacks Consensus Estimate of 84 cents, while sales surpassed the same by 1.3%. Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. | Donaldson Company, Inc.’s DCI fourth-quarter fiscal 2022 (ended Jul 31, 2022) earnings matched the Zacks Consensus Estimate of 84 cents, while sales surpassed the same by 1.3%. Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. In fiscal 2022, DCI generated net cash of $252.8 million from operating activities, reflecting a decrease of 37.1% from the year-ago figure. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc.’s DCI fourth-quarter fiscal 2022 (ended Jul 31, 2022) earnings matched the Zacks Consensus Estimate of 84 cents, while sales surpassed the same by 1.3%. Regionwise, DCI’s net sales in the United States/Canada increased 32.2% year over year. | 05842708-0f69-42cd-8171-02f5e29994c5 |
709649.0 | 2022-08-31 00:00:00 UTC | Donaldson Q4 Profit Matches Estimates; Sales Up 15.1% | DCI | https://www.nasdaq.com/articles/donaldson-q4-profit-matches-estimates-sales-up-15.1 | nan | nan | (RTTNews) - Donaldson Company, Inc. (DCI) reported fourth-quarter adjusted profit per share of $0.84 compared to $0.66, prior year. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.84, for the quarter. Analysts' estimates typically exclude special items.
Net profit was $101.1 million or $0.81 per share compared to $84.3 million or $0.66 per share, prior year. Net sales increased 15.1% to $890.0 million. Analysts on average had estimated $880.24 million in revenue. Donaldson expects fiscal 2023 EPS between $2.91 and $3.07. Full-year 2023 net sales are projected to increase between 1% and 5% versus the prior year. Engine sales are projected to increase between flat and 4%.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Donaldson Company, Inc. (DCI) reported fourth-quarter adjusted profit per share of $0.84 compared to $0.66, prior year. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.84, for the quarter. Full-year 2023 net sales are projected to increase between 1% and 5% versus the prior year. | (RTTNews) - Donaldson Company, Inc. (DCI) reported fourth-quarter adjusted profit per share of $0.84 compared to $0.66, prior year. Net profit was $101.1 million or $0.81 per share compared to $84.3 million or $0.66 per share, prior year. Net sales increased 15.1% to $890.0 million. | (RTTNews) - Donaldson Company, Inc. (DCI) reported fourth-quarter adjusted profit per share of $0.84 compared to $0.66, prior year. On average, six analysts polled by Thomson Reuters expected the company to report profit per share of $0.84, for the quarter. Net profit was $101.1 million or $0.81 per share compared to $84.3 million or $0.66 per share, prior year. | (RTTNews) - Donaldson Company, Inc. (DCI) reported fourth-quarter adjusted profit per share of $0.84 compared to $0.66, prior year. Net profit was $101.1 million or $0.81 per share compared to $84.3 million or $0.66 per share, prior year. Analysts on average had estimated $880.24 million in revenue. | 5eb1b45e-9028-465b-ab13-730665d7ec55 |
709650.0 | 2022-08-30 00:00:00 UTC | Pre-Market Earnings Report for August 31, 2022 : DCI, DBI, CHS, BNR, VRA, EXPR, EVGN, BF.B | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-for-august-31-2022-%3A-dci-dbi-chs-bnr-vra-expr-evgn-bf.b | nan | nan | The following companies are expected to report earnings prior to market open on 08/31/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Donaldson Company, Inc. (DCI)is reporting for the quarter ending July 31, 2022. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.84. This value represents a 27.27% increase compared to the same quarter last year. The last two quarters DCI had negative earnings surprises; the latest report they missed by -6.94%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.88 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry.
Designer Brands Inc. (DBI)is reporting for the quarter ending July 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.51. This value represents a 8.93% decrease compared to the same quarter last year. In the past year DBI has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 108.7%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for DBI is 8.61 vs. an industry ratio of 11.00.
Chico's FAS, Inc. (CHS)is reporting for the quarter ending July 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.25. This value represents a 19.05% increase compared to the same quarter last year. In the past year CHS has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 180%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CHS is 8.97 vs. an industry ratio of 11.00.
Burning Rock Biotech Limited (BNR)is reporting for the quarter ending June 30, 2022. The technology services company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.36. This value represents a 20.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for BNR is -1.46 vs. an industry ratio of 12.10.
Vera Bradley, Inc. (VRA)is reporting for the quarter ending July 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.13. This value represents a 53.57% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2023 Price to Earnings ratio for VRA is 10.60 vs. an industry ratio of 11.00.
Express, Inc. (EXPR)is reporting for the quarter ending July 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.09. This value represents a 350.00% increase compared to the same quarter last year. In the past year EXPR has beat the expectations every quarter. The highest one was in the 2nd calendar quarter where they beat the consensus by 23.08%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for EXPR is 13.07 vs. an industry ratio of 11.00, implying that they will have a higher earnings growth than their competitors in the same industry.
Evogene Ltd. (EVGN)is reporting for the quarter ending June 30, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 1 analyst that follows the stock is $-0.18. This value represents a 20.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for EVGN is -1.65 vs. an industry ratio of -2.20, implying that they will have a higher earnings growth than their competitors in the same industry.
Brown Forman Corporation (BF.B)is reporting for the quarter ending July 31, 2022. The alcohol company's consensus earnings per share forecast from the 4 analysts that follow the stock is $0.47. This value represents a 17.50% increase compared to the same quarter last year. BF.B missed the consensus earnings per share in the 4th calendar quarter of 2021 by -9.26%. Zacks Investment Research reports that the 2023 Price to Earnings ratio for BF.B is 0.00 vs. an industry ratio of 22.30.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending July 31, 2022. The last two quarters DCI had negative earnings surprises; the latest report they missed by -6.94%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.88 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.88 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. (DCI)is reporting for the quarter ending July 31, 2022. The last two quarters DCI had negative earnings surprises; the latest report they missed by -6.94%. | Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.88 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. (DCI)is reporting for the quarter ending July 31, 2022. The last two quarters DCI had negative earnings surprises; the latest report they missed by -6.94%. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending July 31, 2022. The last two quarters DCI had negative earnings surprises; the latest report they missed by -6.94%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.88 vs. an industry ratio of 17.90, implying that they will have a higher earnings growth than their competitors in the same industry. | 05d6dda0-9ee7-4e78-80ac-c21e26c7792a |
709651.0 | 2022-08-30 00:00:00 UTC | CECE or DCI: Which Is the Better Value Stock Right Now? | DCI | https://www.nasdaq.com/articles/cece-or-dci%3A-which-is-the-better-value-stock-right-now | nan | nan | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECE) or Donaldson (DCI). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.
There are plenty of strategies for discovering value stocks, but we have found that pairing a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system produces the best returns. The proven Zacks Rank puts an emphasis on earnings estimates and estimate revisions, while our Style Scores work to identify stocks with specific traits.
Currently, CECO Environmental has a Zacks Rank of #2 (Buy), while Donaldson has a Zacks Rank of #4 (Sell). This system places an emphasis on companies that have seen positive earnings estimate revisions, so investors should feel comfortable knowing that CECE is likely seeing its earnings outlook improve to a greater extent. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
CECE currently has a forward P/E ratio of 16.38, while DCI has a forward P/E of 17.49. We also note that CECE has a PEG ratio of 1.09. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. DCI currently has a PEG ratio of 1.67.
Another notable valuation metric for CECE is its P/B ratio of 1.72. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, DCI has a P/B of 5.88.
These metrics, and several others, help CECE earn a Value grade of B, while DCI has been given a Value grade of C.
CECE sticks out from DCI in both our Zacks Rank and Style Scores models, so value investors will likely feel that CECE is the better option right now.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECE): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECE) or Donaldson (DCI). CECE currently has a forward P/E ratio of 16.38, while DCI has a forward P/E of 17.49. DCI currently has a PEG ratio of 1.67. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECE) or Donaldson (DCI). CECE currently has a forward P/E ratio of 16.38, while DCI has a forward P/E of 17.49. | Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECE) or Donaldson (DCI). These metrics, and several others, help CECE earn a Value grade of B, while DCI has been given a Value grade of C. CECE sticks out from DCI in both our Zacks Rank and Style Scores models, so value investors will likely feel that CECE is the better option right now. CECE currently has a forward P/E ratio of 16.38, while DCI has a forward P/E of 17.49. | DCI currently has a PEG ratio of 1.67. These metrics, and several others, help CECE earn a Value grade of B, while DCI has been given a Value grade of C. CECE sticks out from DCI in both our Zacks Rank and Style Scores models, so value investors will likely feel that CECE is the better option right now. Investors looking for stocks in the Pollution Control sector might want to consider either CECO Environmental (CECE) or Donaldson (DCI). | 1d1d39cf-0692-4346-ae8e-ca250bb463a7 |
709652.0 | 2022-08-29 00:00:00 UTC | Is Now The Time To Put Donaldson Company (NYSE:DCI) On Your Watchlist? | DCI | https://www.nasdaq.com/articles/is-now-the-time-to-put-donaldson-company-nyse%3Adci-on-your-watchlist | nan | nan | Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks' without any revenue, let alone profit. But as Peter Lynch said in One Up On Wall Street, 'Long shots almost never pay off.' While a well funded company may sustain losses for years, it will need to generate a profit eventually, or else investors will move on and the company will wither away.
So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Donaldson Company (NYSE:DCI). Now this is not to say that the company presents the best investment opportunity around, but profitability is a key component to success in business.
How Fast Is Donaldson Company Growing Its Earnings Per Share?
Even with very modest growth rates, a company will usually do well if it improves earnings per share (EPS) year after year. So EPS growth can certainly encourage an investor to take note of a stock. Donaldson Company's EPS has risen over the last 12 months, growing from US$2.11 to US$2.57. There's little doubt shareholders would be happy with that 22% gain.
Top-line growth is a great indicator that growth is sustainable, and combined with a high earnings before interest and taxation (EBIT) margin, it's a great way for a company to maintain a competitive advantage in the market. EBIT margins for Donaldson Company remained fairly unchanged over the last year, however the company should be pleased to report its revenue growth for the period of 18% to US$3.2b. That's encouraging news for the company!
The chart below shows how the company's bottom and top lines have progressed over time. Click on the chart to see the exact numbers.
NYSE:DCI Earnings and Revenue History August 29th 2022
The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Donaldson Company's future EPS 100% free.
Are Donaldson Company Insiders Aligned With All Shareholders?
Since Donaldson Company has a market capitalisation of US$6.6b, we wouldn't expect insiders to hold a large percentage of shares. But we are reassured by the fact they have invested in the company. Indeed, they hold US$32m worth of its stock. This considerable investment should help drive long-term value in the business. Despite being just 0.5% of the company, the value of that investment is enough to show insiders have plenty riding on the venture.
It's good to see that insiders are invested in the company, but are remuneration levels reasonable? Well, based on the CEO pay, you'd argue that they are indeed. Our analysis has discovered that the median total compensation for the CEOs of companies like Donaldson Company with market caps between US$4.0b and US$12b is about US$8.4m.
Donaldson Company's CEO took home a total compensation package worth US$6.9m in the year leading up to July 2021. That is actually below the median for CEO's of similarly sized companies. CEO compensation is hardly the most important aspect of a company to consider, but when it's reasonable, that gives a little more confidence that leadership are looking out for shareholder interests. Generally, arguments can be made that reasonable pay levels attest to good decision-making.
Does Donaldson Company Deserve A Spot On Your Watchlist?
One important encouraging feature of Donaldson Company is that it is growing profits. The growth of EPS may be the eye-catching headline for Donaldson Company, but there's more to bring joy for shareholders. With company insiders aligning themselves considerably with the company's success and modest CEO compensation, there's no arguments that this is a stock worth looking into. We don't want to rain on the parade too much, but we did also find 1 warning sign for Donaldson Company that you need to be mindful of.
Although Donaldson Company certainly looks good, it may appeal to more investors if insiders were buying up shares. If you like to see insider buying, then this free list of growing companies that insiders are buying, could be exactly what you're looking for.
Please note the insider transactions discussed in this article refer to reportable transactions in the relevant jurisdiction.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | NYSE:DCI Earnings and Revenue History August 29th 2022 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Donaldson Company (NYSE:DCI). While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Donaldson Company's future EPS 100% free. | So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Donaldson Company (NYSE:DCI). NYSE:DCI Earnings and Revenue History August 29th 2022 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. While crystal balls don't exist, you can check our visualization of consensus analyst forecasts for Donaldson Company's future EPS 100% free. | So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Donaldson Company (NYSE:DCI). NYSE:DCI Earnings and Revenue History August 29th 2022 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. Our analysis has discovered that the median total compensation for the CEOs of companies like Donaldson Company with market caps between US$4.0b and US$12b is about US$8.4m. | So if this idea of high risk and high reward doesn't suit, you might be more interested in profitable, growing companies, like Donaldson Company (NYSE:DCI). NYSE:DCI Earnings and Revenue History August 29th 2022 The trick, as an investor, is to find companies that are going to perform well in the future, not just in the past. Even with very modest growth rates, a company will usually do well if it improves earnings per share (EPS) year after year. | 00fde6eb-e52b-46b2-a32e-42e89370df49 |
709653.0 | 2022-08-25 00:00:00 UTC | 4 Reasons Why You Should Avoid Donaldson (DCI) Stock Now | DCI | https://www.nasdaq.com/articles/4-reasons-why-you-should-avoid-donaldson-dci-stock-now | nan | nan | Donaldson Company, Inc.’s DCI recent operational performance failed to impress investors due to tough market conditions and other challenges, which are likely to hurt its earnings in the near term.
Image Source: Zacks Investment Research
The presently Zacks Rank #4 (Sell) player has a market capitalization of $6.7 billion. In the past year, the stock has lost 19.9% compared with industry’s decline of 4.6%.
Let’s discuss the factors that might continue taking a toll on Donaldson.
Softness in End Market: Donaldson’s third quarter fiscal 2022 (ended April 2022) was adversely impacted by a 9% year-over-year decline in On-Road business. DCI expects sales in On-Road business to decline in low-single digits from the last fiscal year’s reported figure for fiscal 2022 (ended July 2022). Supply-chain issues and raw material inflation might continue to affect its business in the quarters ahead.
Escalating Costs and Expenses: DCI’s rising cost of sales and expenses pose a threat to its bottom line. Donaldson’s cost of sales increased 15.2% year over year in the fiscal third quarter. DCI’s gross margin for the fiscal third quarter witnessed an adverse impact of 220 bps due to high costs of raw materials, labor and freight. Management expects the gross margin to be down 150-200 basis points in fiscal 2022 from the last fiscal year’s reported number.
Unfavorable Forex: Donaldson is exposed to adverse foreign currency movements, given its widespread presence in the international markets. For instance, in third-quarter fiscal 2022, forex woes affected DCI’s sales 2.9% year over year. For fiscal 2022, management predicts an adverse impact of 3% on sales from unfavorable foreign currency translation.
Southbound Estimate Trend: In the past 60 days, the Zacks Consensus Estimate for fourth-quarter fiscal 2022 earnings has been revised 0.4% downward.
Stocks to Consider
Some better-ranked companies from the industrial products sector are discussed below:
Applied Industrial Technologies, Inc. AIT presently sports a Zacks Rank #1 (Strong Buy). AIT delivered a trailing four-quarter earnings surprise of 22.8%, on average. You can see the complete list of today’s Zacks #1 Rank stocks.
AIT’s earnings estimates have increased 5.8% for fiscal 2023 (ending June 2023) in the past 60 days. Its shares have rallied 26.5% in the past year.
Greif, Inc. GEF presently has a Zacks Rank #2 (Buy). GEF delivered a trailing four-quarter earnings surprise of 22.9%, on average.
GEF’s earnings estimates have increased 0.4% for fiscal 2022 (ending October 2022) in the past 60 days. Its shares have risen 11.2% in the past year.
Valmont Industries, Inc. VMI presently has a Zacks Rank of 2. VMI’s earnings surprise in the last four quarters was 13.7%, on average.
In the past 60 days, Valmont’s earnings estimates have increased 3.8% for 2022. The stock has rallied 17.2% in the past year.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Valmont Industries, Inc. (VMI): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Greif, Inc. (GEF): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc.’s DCI recent operational performance failed to impress investors due to tough market conditions and other challenges, which are likely to hurt its earnings in the near term. DCI’s gross margin for the fiscal third quarter witnessed an adverse impact of 220 bps due to high costs of raw materials, labor and freight. DCI expects sales in On-Road business to decline in low-single digits from the last fiscal year’s reported figure for fiscal 2022 (ended July 2022). | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc.’s DCI recent operational performance failed to impress investors due to tough market conditions and other challenges, which are likely to hurt its earnings in the near term. DCI expects sales in On-Road business to decline in low-single digits from the last fiscal year’s reported figure for fiscal 2022 (ended July 2022). | DCI expects sales in On-Road business to decline in low-single digits from the last fiscal year’s reported figure for fiscal 2022 (ended July 2022). Donaldson Company, Inc.’s DCI recent operational performance failed to impress investors due to tough market conditions and other challenges, which are likely to hurt its earnings in the near term. Escalating Costs and Expenses: DCI’s rising cost of sales and expenses pose a threat to its bottom line. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc.’s DCI recent operational performance failed to impress investors due to tough market conditions and other challenges, which are likely to hurt its earnings in the near term. DCI expects sales in On-Road business to decline in low-single digits from the last fiscal year’s reported figure for fiscal 2022 (ended July 2022). | f8371404-bac4-42cb-925d-6221d9d87ce8 |
709654.0 | 2022-08-11 00:00:00 UTC | CECE vs. DCI: Which Stock Is the Better Value Option? | DCI | https://www.nasdaq.com/articles/cece-vs.-dci%3A-which-stock-is-the-better-value-option | nan | nan | Investors interested in Pollution Control stocks are likely familiar with CECO Environmental (CECE) and Donaldson (DCI). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits.
Currently, CECO Environmental has a Zacks Rank of #2 (Buy), while Donaldson has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that CECE likely has seen a stronger improvement to its earnings outlook than DCI has recently. However, value investors will care about much more than just this.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.
CECE currently has a forward P/E ratio of 16.24, while DCI has a forward P/E of 18.26. We also note that CECE has a PEG ratio of 1.08. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DCI currently has a PEG ratio of 1.74.
Another notable valuation metric for CECE is its P/B ratio of 1.56. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, DCI has a P/B of 6.14.
These are just a few of the metrics contributing to CECE's Value grade of B and DCI's Value grade of C.
CECE stands above DCI thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CECE is the superior value option right now.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECE): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors interested in Pollution Control stocks are likely familiar with CECO Environmental (CECE) and Donaldson (DCI). Investors should feel comfortable knowing that CECE likely has seen a stronger improvement to its earnings outlook than DCI has recently. CECE currently has a forward P/E ratio of 16.24, while DCI has a forward P/E of 18.26. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Investors interested in Pollution Control stocks are likely familiar with CECO Environmental (CECE) and Donaldson (DCI). Investors should feel comfortable knowing that CECE likely has seen a stronger improvement to its earnings outlook than DCI has recently. | Investors interested in Pollution Control stocks are likely familiar with CECO Environmental (CECE) and Donaldson (DCI). These are just a few of the metrics contributing to CECE's Value grade of B and DCI's Value grade of C. CECE stands above DCI thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CECE is the superior value option right now. Investors should feel comfortable knowing that CECE likely has seen a stronger improvement to its earnings outlook than DCI has recently. | These are just a few of the metrics contributing to CECE's Value grade of B and DCI's Value grade of C. CECE stands above DCI thanks to its solid earnings outlook, and based on these valuation figures, we also feel that CECE is the superior value option right now. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Investors interested in Pollution Control stocks are likely familiar with CECO Environmental (CECE) and Donaldson (DCI). | 5c9105cc-63cd-45aa-8e90-7660653d45e3 |
709655.0 | 2022-08-10 00:00:00 UTC | Fuel Tech, Inc. (FTEK) Reports Q2 Loss, Tops Revenue Estimates | DCI | https://www.nasdaq.com/articles/fuel-tech-inc.-ftek-reports-q2-loss-tops-revenue-estimates | nan | nan | Fuel Tech, Inc. (FTEK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post a loss of $0.02 per share when it actually produced a loss of $0.03, delivering a surprise of -50%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Fuel Tech, Inc., which belongs to the Zacks Pollution Control industry, posted revenues of $6.37 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 3.95%. This compares to year-ago revenues of $5.22 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Fuel Tech, Inc. Shares have lost about 7.1% since the beginning of the year versus the S&P 500's decline of -13.5%.
What's Next for Fuel Tech, Inc.
While Fuel Tech, Inc. Has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Fuel Tech, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.01 on $7.37 million in revenues for the coming quarter and -$0.09 on $25.54 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended July 2022. The results are expected to be released on August 31.
This maker of filtration systems is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +27.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Donaldson's revenues are expected to be $878.62 million, up 13.7% from the year-ago quarter.
Profiting from the Metaverse, The 3rd Internet Boom (Free Report):
Get Zacks' special report revealing top profit plays for the internet's next evolution. Early investors still have time to get in near the "ground floor" of this $30 trillion opportunity. You'll discover 5 surprising stocks to help you cash in.
Download the report FREE today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Fuel Tech, Inc. (FTEK): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended July 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended July 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Fuel Tech, Inc., which belongs to the Zacks Pollution Control industry, posted revenues of $6.37 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 3.95%. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended July 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Fuel Tech, Inc. (FTEK) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of a loss of $0.03. | Donaldson (DCI), another stock in the same industry, has yet to report results for the quarter ended July 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report The company has topped consensus revenue estimates two times over the last four quarters. | 11c62352-1926-40cd-9a53-9bce50873a36 |
709656.0 | 2022-08-08 00:00:00 UTC | MRC Global (MRC) Misses Q2 Earnings Estimates | DCI | https://www.nasdaq.com/articles/mrc-global-mrc-misses-q2-earnings-estimates | nan | nan | MRC Global (MRC) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -6.90%. A quarter ago, it was expected that this energy products distributor would post earnings of $0.17 per share when it actually produced earnings of $0.17, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
MRC, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $848 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 0.09%. This compares to year-ago revenues of $686 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
MRC shares have added about 66.3% since the beginning of the year versus the S&P 500's decline of -13%.
What's Next for MRC?
While MRC has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for MRC: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $853.3 million in revenues for the coming quarter and $0.97 on $3.3 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Steel - Pipe and Tube is currently in the top 2% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended July 2022. The results are expected to be released on August 31.
This maker of filtration systems is expected to post quarterly earnings of $0.84 per share in its upcoming report, which represents a year-over-year change of +27.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Donaldson's revenues are expected to be $878.62 million, up 13.7% from the year-ago quarter.
How to Profit from the Hot Electric Vehicle Industry
Global electric car sales in 2021 more than doubled their 2020 numbers. And today, the electric vehicle (EV) technology and very nature of the business is changing quickly. The next push for future technologies is happening now and investors who get in early could see exceptional profits.
See Zacks' Top Stocks to Profit from the EV Revolution >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
MRC Global Inc. (MRC): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended July 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended July 2022. MRC, which belongs to the Zacks Steel - Pipe and Tube industry, posted revenues of $848 million for the quarter ended June 2022, surpassing the Zacks Consensus Estimate by 0.09%. | Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended July 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report MRC Global (MRC) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share. | Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended July 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report MRC Global (MRC) came out with quarterly earnings of $0.27 per share, missing the Zacks Consensus Estimate of $0.29 per share. | 281f6b47-f6bd-471f-8a38-5f045c870e28 |
709657.0 | 2022-07-29 00:00:00 UTC | Donaldson Breaks Above 200-Day Moving Average - Bullish for DCI | DCI | https://www.nasdaq.com/articles/donaldson-breaks-above-200-day-moving-average-bullish-for-dci | nan | nan | In trading on Friday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $54.13, changing hands as high as $54.54 per share. Donaldson Co. Inc. shares are currently trading up about 2.1% on the day. The chart below shows the one year performance of DCI shares, versus its 200 day moving average:
Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $69.35 as the 52 week high point — that compares with a last trade of $54.44.
Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $54.13, changing hands as high as $54.54 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $69.35 as the 52 week high point — that compares with a last trade of $54.44. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $54.13, changing hands as high as $54.54 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $69.35 as the 52 week high point — that compares with a last trade of $54.44. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $54.13, changing hands as high as $54.54 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $69.35 as the 52 week high point — that compares with a last trade of $54.44. Click here to find out which 9 other dividend stocks recently crossed above their 200 day moving average » The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | In trading on Friday, shares of Donaldson Co. Inc. (Symbol: DCI) crossed above their 200 day moving average of $54.13, changing hands as high as $54.54 per share. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $46 per share, with $69.35 as the 52 week high point — that compares with a last trade of $54.44. Donaldson Co. Inc. shares are currently trading up about 2.1% on the day. | 9c742fb6-561f-4dc8-b84b-25219fb2e470 |
709658.0 | 2022-07-26 00:00:00 UTC | HCCI vs. DCI: Which Stock Should Value Investors Buy Now? | DCI | https://www.nasdaq.com/articles/hcci-vs.-dci%3A-which-stock-should-value-investors-buy-now | nan | nan | Investors with an interest in Pollution Control stocks have likely encountered both Heritage-Crystal Clean (HCCI) and Donaldson (DCI). But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits.
Heritage-Crystal Clean and Donaldson are sporting Zacks Ranks of #2 (Buy) and #3 (Hold), respectively, right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that HCCI has an improving earnings outlook. But this is just one piece of the puzzle for value investors.
Value investors also try to analyze a wide range of traditional figures and metrics to help determine whether a company is undervalued at its current share price levels.
The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.
HCCI currently has a forward P/E ratio of 12.57, while DCI has a forward P/E of 18.99. We also note that HCCI has a PEG ratio of 0.84. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. DCI currently has a PEG ratio of 1.81.
Another notable valuation metric for HCCI is its P/B ratio of 1.99. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, DCI has a P/B of 5.62.
These metrics, and several others, help HCCI earn a Value grade of A, while DCI has been given a Value grade of C.
HCCI sticks out from DCI in both our Zacks Rank and Style Scores models, so value investors will likely feel that HCCI is the better option right now.
This Little-Known Semiconductor Stock Could Lead to Big Gains for Your Portfolio
The significance of semiconductors can't be overstated. Your smartphone couldn't function without it. Your personal computer would crash in minutes. Digital cameras, washing machines, refrigerators, ovens. You wouldn't be able to use any of them without semiconductors.
Disruptions in the supply chain have given semiconductors tremendous pricing power. That's why they present such a tremendous opportunity for investors.
And today, in a new free report, Zacks' leading stock strategist is revealing the one semiconductor stock that stands to gain the most. It's yours free and with no obligation.
>>Give me access to my free special report.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HeritageCrystal Clean, Inc. (HCCI): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Investors with an interest in Pollution Control stocks have likely encountered both Heritage-Crystal Clean (HCCI) and Donaldson (DCI). HCCI currently has a forward P/E ratio of 12.57, while DCI has a forward P/E of 18.99. DCI currently has a PEG ratio of 1.81. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Investors with an interest in Pollution Control stocks have likely encountered both Heritage-Crystal Clean (HCCI) and Donaldson (DCI). HCCI currently has a forward P/E ratio of 12.57, while DCI has a forward P/E of 18.99. | These metrics, and several others, help HCCI earn a Value grade of A, while DCI has been given a Value grade of C. HCCI sticks out from DCI in both our Zacks Rank and Style Scores models, so value investors will likely feel that HCCI is the better option right now. Investors with an interest in Pollution Control stocks have likely encountered both Heritage-Crystal Clean (HCCI) and Donaldson (DCI). HCCI currently has a forward P/E ratio of 12.57, while DCI has a forward P/E of 18.99. | These metrics, and several others, help HCCI earn a Value grade of A, while DCI has been given a Value grade of C. HCCI sticks out from DCI in both our Zacks Rank and Style Scores models, so value investors will likely feel that HCCI is the better option right now. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Investors with an interest in Pollution Control stocks have likely encountered both Heritage-Crystal Clean (HCCI) and Donaldson (DCI). | edaa58a1-bf7e-44d8-9b3c-f1ee99b6f3d1 |
709659.0 | 2022-07-21 00:00:00 UTC | CECO (CECE) Moves 9.4% Higher: Will This Strength Last? | DCI | https://www.nasdaq.com/articles/ceco-cece-moves-9.4-higher%3A-will-this-strength-last | nan | nan | CECO Environmental (CECE) shares soared 9.4% in the last trading session to close at $7.08. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.6% gain over the past four weeks.
The stock surged primarily on optimism surrounding strong demand for pollution abatement technologies and services across manufacturing plants. An increase in environmental management programs and rapid urbanization is also aiding the company.
This maker of air pollution controls and industrial ventilation systems is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of +22.2%. Revenues are expected to be $92.01 million, up 16.9% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For CECO, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on CECE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
CECO is a member of the Zacks Pollution Control industry. One other stock in the same industry, Donaldson (DCI), finished the last trading session 0.7% higher at $50.80. DCI has returned 7.3% over the past month.
For Donaldson, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.84. This represents a change of +27.3% from what the company reported a year ago. Donaldson currently has a Zacks Rank of #3 (Hold).
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECE): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | One other stock in the same industry, Donaldson (DCI), finished the last trading session 0.7% higher at $50.80. DCI has returned 7.3% over the past month. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Donaldson Company, Inc. (DCI): Free Stock Analysis Report One other stock in the same industry, Donaldson (DCI), finished the last trading session 0.7% higher at $50.80. DCI has returned 7.3% over the past month. | One other stock in the same industry, Donaldson (DCI), finished the last trading session 0.7% higher at $50.80. DCI has returned 7.3% over the past month. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Donaldson Company, Inc. (DCI): Free Stock Analysis Report One other stock in the same industry, Donaldson (DCI), finished the last trading session 0.7% higher at $50.80. DCI has returned 7.3% over the past month. | abc25ddf-9497-4c2c-b261-d009357e9427 |
709660.0 | 2022-07-20 00:00:00 UTC | Donaldson Company, Inc.'s (NYSE:DCI) Stock Is Going Strong: Is the Market Following Fundamentals? | DCI | https://www.nasdaq.com/articles/donaldson-company-inc.s-nyse%3Adci-stock-is-going-strong%3A-is-the-market-following | nan | nan | Most readers would already be aware that Donaldson Company's (NYSE:DCI) stock increased significantly by 9.0% over the past month. Since the market usually pay for a company’s long-term fundamentals, we decided to study the company’s key performance indicators to see if they could be influencing the market. Specifically, we decided to study Donaldson Company's ROE in this article.
Return on Equity or ROE is a test of how effectively a company is growing its value and managing investors’ money. In simpler terms, it measures the profitability of a company in relation to shareholder's equity.
How Do You Calculate Return On Equity?
The formula for ROE is:
Return on Equity = Net Profit (from continuing operations) ÷ Shareholders' Equity
So, based on the above formula, the ROE for Donaldson Company is:
28% = US$316m ÷ US$1.1b (Based on the trailing twelve months to April 2022).
The 'return' is the profit over the last twelve months. One way to conceptualize this is that for each $1 of shareholders' capital it has, the company made $0.28 in profit.
What Has ROE Got To Do With Earnings Growth?
So far, we've learned that ROE is a measure of a company's profitability. We now need to evaluate how much profit the company reinvests or "retains" for future growth which then gives us an idea about the growth potential of the company. Assuming all else is equal, companies that have both a higher return on equity and higher profit retention are usually the ones that have a higher growth rate when compared to companies that don't have the same features.
Donaldson Company's Earnings Growth And 28% ROE
Firstly, we acknowledge that Donaldson Company has a significantly high ROE. Second, a comparison with the average ROE reported by the industry of 12% also doesn't go unnoticed by us. Probably as a result of this, Donaldson Company was able to see a decent net income growth of 8.9% over the last five years.
Next, on comparing Donaldson Company's net income growth with the industry, we found that the company's reported growth is similar to the industry average growth rate of 8.8% in the same period.
NYSE:DCI Past Earnings Growth July 20th 2022
Earnings growth is an important metric to consider when valuing a stock. The investor should try to establish if the expected growth or decline in earnings, whichever the case may be, is priced in. Doing so will help them establish if the stock's future looks promising or ominous. Has the market priced in the future outlook for DCI? You can find out in our latest intrinsic value infographic research report.
Is Donaldson Company Making Efficient Use Of Its Profits?
With a three-year median payout ratio of 40% (implying that the company retains 60% of its profits), it seems that Donaldson Company is reinvesting efficiently in a way that it sees respectable amount growth in its earnings and pays a dividend that's well covered.
Moreover, Donaldson Company is determined to keep sharing its profits with shareholders which we infer from its long history of paying a dividend for at least ten years. Our latest analyst data shows that the future payout ratio of the company is expected to drop to 28% over the next three years. Accordingly, the expected drop in the payout ratio explains the expected increase in the company's ROE to 34%, over the same period.
Summary
On the whole, we feel that Donaldson Company's performance has been quite good. In particular, it's great to see that the company is investing heavily into its business and along with a high rate of return, that has resulted in a sizeable growth in its earnings. The latest industry analyst forecasts show that the company is expected to maintain its current growth rate. To know more about the latest analysts predictions for the company, check out this visualization of analyst forecasts for the company.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Most readers would already be aware that Donaldson Company's (NYSE:DCI) stock increased significantly by 9.0% over the past month. NYSE:DCI Past Earnings Growth July 20th 2022 Earnings growth is an important metric to consider when valuing a stock. Has the market priced in the future outlook for DCI? | Most readers would already be aware that Donaldson Company's (NYSE:DCI) stock increased significantly by 9.0% over the past month. NYSE:DCI Past Earnings Growth July 20th 2022 Earnings growth is an important metric to consider when valuing a stock. Has the market priced in the future outlook for DCI? | Most readers would already be aware that Donaldson Company's (NYSE:DCI) stock increased significantly by 9.0% over the past month. NYSE:DCI Past Earnings Growth July 20th 2022 Earnings growth is an important metric to consider when valuing a stock. Has the market priced in the future outlook for DCI? | Most readers would already be aware that Donaldson Company's (NYSE:DCI) stock increased significantly by 9.0% over the past month. NYSE:DCI Past Earnings Growth July 20th 2022 Earnings growth is an important metric to consider when valuing a stock. Has the market priced in the future outlook for DCI? | 6e804d1f-7d58-42bf-b316-f312ca5a63b4 |
709661.0 | 2022-07-19 00:00:00 UTC | 5 Dividend Growth Stocks With Upside To Analyst Targets | DCI | https://www.nasdaq.com/articles/5-dividend-growth-stocks-with-upside-to-analyst-targets-34 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Stanley Black & Decker Inc (Symbol: SWK) $106.81 $135.11 26.50%
Roper Technologies Inc (Symbol: ROP) $391.84 $489.20 24.85%
Donaldson Co. Inc. (Symbol: DCI) $48.31 $60.25 24.72%
Carlisle Companies Inc. (Symbol: CSL) $251.93 $311.25 23.55%
S&P Global Inc (Symbol: SPGI) $345.36 $408.29 18.22%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
Stanley Black & Decker Inc (Symbol: SWK) 2.96% 26.50% 29.46%
Roper Technologies Inc (Symbol: ROP) 0.63% 24.85% 25.48%
Donaldson Co. Inc. (Symbol: DCI) 1.90% 24.72% 26.62%
Carlisle Companies Inc. (Symbol: CSL) 0.86% 23.55% 24.41%
S&P Global Inc (Symbol: SPGI) 0.98% 18.22% 19.2%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
Stanley Black & Decker Inc (Symbol: SWK) $2.8 $3.16 12.86%
Roper Technologies Inc (Symbol: ROP) $2.202 $2.423 10.04%
Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71%
Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86%
S&P Global Inc (Symbol: SPGI) $2.88 $3.16 9.72%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
Get the latest Zacks research report on CSL — FREE
Get the latest Zacks research report on SPGI — FREE
Dividend Growth Stocks: 25 Aristocrats »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Stanley Black & Decker Inc (Symbol: SWK) $106.81 $135.11 26.50% Roper Technologies Inc (Symbol: ROP) $391.84 $489.20 24.85% Donaldson Co. Inc. (Symbol: DCI) $48.31 $60.25 24.72% Carlisle Companies Inc. (Symbol: CSL) $251.93 $311.25 23.55% S&P Global Inc (Symbol: SPGI) $345.36 $408.29 18.22% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Stanley Black & Decker Inc (Symbol: SWK) 2.96% 26.50% 29.46% Roper Technologies Inc (Symbol: ROP) 0.63% 24.85% 25.48% Donaldson Co. Inc. (Symbol: DCI) 1.90% 24.72% 26.62% Carlisle Companies Inc. (Symbol: CSL) 0.86% 23.55% 24.41% S&P Global Inc (Symbol: SPGI) 0.98% 18.22% 19.2% Another consideration with dividend growth stocks is just how much the dividend is growing. Stanley Black & Decker Inc (Symbol: SWK) $2.8 $3.16 12.86% Roper Technologies Inc (Symbol: ROP) $2.202 $2.423 10.04% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% S&P Global Inc (Symbol: SPGI) $2.88 $3.16 9.72% These five stocks are part of our full Dividend Aristocrats List. | Stanley Black & Decker Inc (Symbol: SWK) $106.81 $135.11 26.50% Roper Technologies Inc (Symbol: ROP) $391.84 $489.20 24.85% Donaldson Co. Inc. (Symbol: DCI) $48.31 $60.25 24.72% Carlisle Companies Inc. (Symbol: CSL) $251.93 $311.25 23.55% S&P Global Inc (Symbol: SPGI) $345.36 $408.29 18.22% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Stanley Black & Decker Inc (Symbol: SWK) 2.96% 26.50% 29.46% Roper Technologies Inc (Symbol: ROP) 0.63% 24.85% 25.48% Donaldson Co. Inc. (Symbol: DCI) 1.90% 24.72% 26.62% Carlisle Companies Inc. (Symbol: CSL) 0.86% 23.55% 24.41% S&P Global Inc (Symbol: SPGI) 0.98% 18.22% 19.2% Another consideration with dividend growth stocks is just how much the dividend is growing. Stanley Black & Decker Inc (Symbol: SWK) $2.8 $3.16 12.86% Roper Technologies Inc (Symbol: ROP) $2.202 $2.423 10.04% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% S&P Global Inc (Symbol: SPGI) $2.88 $3.16 9.72% These five stocks are part of our full Dividend Aristocrats List. | Stanley Black & Decker Inc (Symbol: SWK) $106.81 $135.11 26.50% Roper Technologies Inc (Symbol: ROP) $391.84 $489.20 24.85% Donaldson Co. Inc. (Symbol: DCI) $48.31 $60.25 24.72% Carlisle Companies Inc. (Symbol: CSL) $251.93 $311.25 23.55% S&P Global Inc (Symbol: SPGI) $345.36 $408.29 18.22% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Stanley Black & Decker Inc (Symbol: SWK) 2.96% 26.50% 29.46% Roper Technologies Inc (Symbol: ROP) 0.63% 24.85% 25.48% Donaldson Co. Inc. (Symbol: DCI) 1.90% 24.72% 26.62% Carlisle Companies Inc. (Symbol: CSL) 0.86% 23.55% 24.41% S&P Global Inc (Symbol: SPGI) 0.98% 18.22% 19.2% Another consideration with dividend growth stocks is just how much the dividend is growing. Stanley Black & Decker Inc (Symbol: SWK) $2.8 $3.16 12.86% Roper Technologies Inc (Symbol: ROP) $2.202 $2.423 10.04% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% S&P Global Inc (Symbol: SPGI) $2.88 $3.16 9.72% These five stocks are part of our full Dividend Aristocrats List. | Stanley Black & Decker Inc (Symbol: SWK) $106.81 $135.11 26.50% Roper Technologies Inc (Symbol: ROP) $391.84 $489.20 24.85% Donaldson Co. Inc. (Symbol: DCI) $48.31 $60.25 24.72% Carlisle Companies Inc. (Symbol: CSL) $251.93 $311.25 23.55% S&P Global Inc (Symbol: SPGI) $345.36 $408.29 18.22% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Stanley Black & Decker Inc (Symbol: SWK) 2.96% 26.50% 29.46% Roper Technologies Inc (Symbol: ROP) 0.63% 24.85% 25.48% Donaldson Co. Inc. (Symbol: DCI) 1.90% 24.72% 26.62% Carlisle Companies Inc. (Symbol: CSL) 0.86% 23.55% 24.41% S&P Global Inc (Symbol: SPGI) 0.98% 18.22% 19.2% Another consideration with dividend growth stocks is just how much the dividend is growing. Stanley Black & Decker Inc (Symbol: SWK) $2.8 $3.16 12.86% Roper Technologies Inc (Symbol: ROP) $2.202 $2.423 10.04% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% S&P Global Inc (Symbol: SPGI) $2.88 $3.16 9.72% These five stocks are part of our full Dividend Aristocrats List. | 80294436-99af-47cd-8c21-4529e2761e65 |
709662.0 | 2022-07-01 00:00:00 UTC | Donaldson (DCI) Down 10.2% Since Last Earnings Report: Can It Rebound? | DCI | https://www.nasdaq.com/articles/donaldson-dci-down-10.2-since-last-earnings-report%3A-can-it-rebound | nan | nan | A month has gone by since the last earnings report for Donaldson (DCI). Shares have lost about 10.2% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Donaldson due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Donaldson Q3 Earnings Miss Estimates, Revenues Beat
Donaldson Company, Inc.’s third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%.
Its shares gained 5.2% yesterday to eventually close the trading session at $53.63.
The company’s earnings in the reported quarter were 67 cents per share, lagging the Zacks Consensus Estimate of 72 cents. The bottom line improved 1.5% from the year-ago quarter’s 66 cents. Sales growth in the reported quarter was partially offset by the headwinds stemming from supply-chain constraints and higher cost of raw materials.
Revenue Results
In the fiscal third quarter, Donaldson’s net sales were $853.2 million, reflecting year-over-year growth of 11.5%. The top line surpassed the Zacks Consensus Estimate of $831 million.
Region-wise, the company’s net sales in the United States/Canada increased 18.4% year over year. The top line expanded by 7.8% in Europe, the Middle East and Africa, and by 33.7% in Latin America. It declined 4.4% in Asia Pacific.
The company reports revenues under the following segments — Engine Products and Industrial Products. A brief snapshot of the segmental sales is provided below:
Engine Products’ (accounting for 70.4% of net sales in third-quarter fiscal 2022) sales were $601 million, reflecting year-over-year growth of 13.2%.
The results were positively impacted by 13% growth in Off-Road, 29.2% in Aerospace and Defense, and 14.5% in Aftermarket sales. However, sales declined 9% in On-Road.
Revenues generated from Industrial Products (accounting for 29.6% of net sales in third-quarter fiscal 2022) were $252.2 million, increasing 7.8% from the year-ago quarter.
Results benefited from sales growth of 9.1% in Industrial Filtration Solutions and 19.4% in Gas Turbine Systems. However, sales declined 3.6% in Special Applications.
Margin Profile
In the quarter, Donaldson’s cost of sales increased 15.2% year over year to $584.2 million. Gross profit jumped 4.3% to $269 million while gross margin declined 220 basis points (bps) to 31.5%. The margin results were negatively impacted by higher raw material costs, partially offset by volume growth and favorable pricing.
Operating expenses increased 6.3% year over year to $158 million. Operating profit in the quarter under review increased 1.5% to $111 million. Operating margin was 13%, down 130 bps year over year.
Effective tax rate in the quarter was 25.4% compared with 23.9% in the year-ago quarter.
Balance Sheet & Cash Flow
Exiting third-quarter fiscal 2022, Donaldson’s cash and cash equivalents were $168.7 million, down 1% from $170.4 million recorded in the last-reported quarter. Long-term debt was up 9.6% sequentially to $607.2 million.
In the first nine months of fiscal 2022, the company repaid the long-term debt of $90 million.
In the reported quarter, it generated net cash of $64.2 million from operating activities, reflecting a decrease of 37.9% from the year-ago figure. Capital expenditure (net) totaled $23.2 million compared with $9.8 million in the year-ago quarter. Free cash flow decreased 56.1% to $41 million.
In the first nine months of fiscal 2022, the company used $153.7 million for repurchasing shares and $81.8 million for paying out dividends.
Outlook
For fiscal 2022 (ending July 2022), Donaldson anticipates benefiting from solid demand for its products. However, supply-chain challenges weigh on the company.
It expects earnings per share of $2.67-$2.73 compared with $2.66-$2.76 predicted earlier. Sales are anticipated to increase 14.5-16.5% year over year compared with 11-15% guided previously. Movements in foreign currencies are expected to have a negative impact of 3% on sales.
On a segmental basis, Engine Products sales are anticipated to increase 16-18% year over year. The segment’s performance is likely to benefit from growth in Off-Road and Aftermarket sales. Also, solid growth in Aerospace and Defense sales is anticipated. However, supply chain issues might hurt On-Road sales.
Sales growth for Industrial Products is anticipated to be 10-12% year over year. The segment is likely to gain from solid momentum in Industrial Filtration Solutions, Gas Turbine Systems and Special Applications.
Operating margin is expected to be 13.5-13.9% for fiscal 2022. Interest expenses are predicted to be $14.5-$15 million. Other income is likely to be $10-$12 million. Effective tax rate is anticipated to be 24-26%.
Capital expenditure for the fiscal year is expected to be $90-$110 million. Free cash flow conversion is anticipated to be 50-60%. Share buybacks are expected to account for 2-2.5% of outstanding shares.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed an upward trend in estimates revision.
The consensus estimate has shifted 5.5% due to these changes.
VGM Scores
At this time, Donaldson has an average Growth Score of C, a grade with the same score on the momentum front. Charting a somewhat similar path, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been trending upward for the stock, and the magnitude of these revisions looks promising. Notably, Donaldson has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | A month has gone by since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. | A month has gone by since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Q3 Earnings Miss Estimates, Revenues Beat Donaldson Company, Inc.’s third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%. | A month has gone by since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Q3 Earnings Miss Estimates, Revenues Beat Donaldson Company, Inc.’s third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%. | A month has gone by since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Q3 Earnings Miss Estimates, Revenues Beat Donaldson Company, Inc.’s third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%. | ffdb1c25-febe-43a2-9b4d-a3d3ad3db170 |
709663.0 | 2022-06-23 00:00:00 UTC | Analysts Expect XMLV Will Reach $61 | DCI | https://www.nasdaq.com/articles/analysts-expect-xmlv-will-reach-%2461 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Invesco S&P MidCap Low Volatility ETF (Symbol: XMLV), we found that the implied analyst target price for the ETF based upon its underlying holdings is $61.10 per unit.
With XMLV trading at a recent price near $49.87 per unit, that means that analysts see 22.52% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of XMLV's underlying holdings with notable upside to their analyst target prices are Hubbell Inc. (Symbol: HUBB), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Although HUBB has traded at a recent price of $173.29/share, the average analyst target is 28.80% higher at $223.20/share. Similarly, MSA has 28.19% upside from the recent share price of $116.23 if the average analyst target price of $149.00/share is reached, and analysts on average are expecting DCI to reach a target price of $60.25/share, which is 27.16% above the recent price of $47.38. Below is a twelve month price history chart comparing the stock performance of HUBB, MSA, and DCI:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Invesco S&P MidCap Low Volatility ETF XMLV $49.87 $61.10 22.52%
Hubbell Inc. HUBB $173.29 $223.20 28.80%
MSA Safety Inc MSA $116.23 $149.00 28.19%
Donaldson Co. Inc. DCI $47.38 $60.25 27.16%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Invesco S&P MidCap Low Volatility ETF XMLV $49.87 $61.10 22.52% Hubbell Inc. HUBB $173.29 $223.20 28.80% MSA Safety Inc MSA $116.23 $149.00 28.19% Donaldson Co. Inc. DCI $47.38 $60.25 27.16% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XMLV's underlying holdings with notable upside to their analyst target prices are Hubbell Inc. (Symbol: HUBB), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Similarly, MSA has 28.19% upside from the recent share price of $116.23 if the average analyst target price of $149.00/share is reached, and analysts on average are expecting DCI to reach a target price of $60.25/share, which is 27.16% above the recent price of $47.38. | Three of XMLV's underlying holdings with notable upside to their analyst target prices are Hubbell Inc. (Symbol: HUBB), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Similarly, MSA has 28.19% upside from the recent share price of $116.23 if the average analyst target price of $149.00/share is reached, and analysts on average are expecting DCI to reach a target price of $60.25/share, which is 27.16% above the recent price of $47.38. Invesco S&P MidCap Low Volatility ETF XMLV $49.87 $61.10 22.52% Hubbell Inc. HUBB $173.29 $223.20 28.80% MSA Safety Inc MSA $116.23 $149.00 28.19% Donaldson Co. Inc. DCI $47.38 $60.25 27.16% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, MSA has 28.19% upside from the recent share price of $116.23 if the average analyst target price of $149.00/share is reached, and analysts on average are expecting DCI to reach a target price of $60.25/share, which is 27.16% above the recent price of $47.38. Three of XMLV's underlying holdings with notable upside to their analyst target prices are Hubbell Inc. (Symbol: HUBB), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Below is a twelve month price history chart comparing the stock performance of HUBB, MSA, and DCI: Below is a summary table of the current analyst target prices discussed above: | Invesco S&P MidCap Low Volatility ETF XMLV $49.87 $61.10 22.52% Hubbell Inc. HUBB $173.29 $223.20 28.80% MSA Safety Inc MSA $116.23 $149.00 28.19% Donaldson Co. Inc. DCI $47.38 $60.25 27.16% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of XMLV's underlying holdings with notable upside to their analyst target prices are Hubbell Inc. (Symbol: HUBB), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Similarly, MSA has 28.19% upside from the recent share price of $116.23 if the average analyst target price of $149.00/share is reached, and analysts on average are expecting DCI to reach a target price of $60.25/share, which is 27.16% above the recent price of $47.38. | 8361369b-c540-4bf4-841e-2775122a6c97 |
709664.0 | 2022-06-17 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | DCI | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-27 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Telephone & Data Systems Inc (Symbol: TDS) $15.15 $21.67 43.01%
Roper Technologies Inc (Symbol: ROP) $372.29 $513.89 38.03%
Donaldson Co. Inc. (Symbol: DCI) $46.30 $60.25 30.13%
Linde plc (Symbol: LIN) $289.72 $368.00 27.02%
Carlisle Companies Inc. (Symbol: CSL) $233.35 $295.00 26.42%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
Telephone & Data Systems Inc (Symbol: TDS) 4.75% 43.01% 47.76%
Roper Technologies Inc (Symbol: ROP) 0.67% 38.03% 38.7%
Donaldson Co. Inc. (Symbol: DCI) 1.99% 30.13% 32.12%
Linde plc (Symbol: LIN) 1.62% 27.02% 28.64%
Carlisle Companies Inc. (Symbol: CSL) 0.93% 26.42% 27.35%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
Telephone & Data Systems Inc (Symbol: TDS) $0.69 $0.71 2.90%
Roper Technologies Inc (Symbol: ROP) $2.152 $2.366 9.94%
Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71%
Linde plc (Symbol: LIN) $4.046 $4.46 10.23%
Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
Get the latest Zacks research report on LIN — FREE
Get the latest Zacks research report on CSL — FREE
Dividend Growth Stocks: 25 Aristocrats »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Telephone & Data Systems Inc (Symbol: TDS) $15.15 $21.67 43.01% Roper Technologies Inc (Symbol: ROP) $372.29 $513.89 38.03% Donaldson Co. Inc. (Symbol: DCI) $46.30 $60.25 30.13% Linde plc (Symbol: LIN) $289.72 $368.00 27.02% Carlisle Companies Inc. (Symbol: CSL) $233.35 $295.00 26.42% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Telephone & Data Systems Inc (Symbol: TDS) 4.75% 43.01% 47.76% Roper Technologies Inc (Symbol: ROP) 0.67% 38.03% 38.7% Donaldson Co. Inc. (Symbol: DCI) 1.99% 30.13% 32.12% Linde plc (Symbol: LIN) 1.62% 27.02% 28.64% Carlisle Companies Inc. (Symbol: CSL) 0.93% 26.42% 27.35% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.69 $0.71 2.90% Roper Technologies Inc (Symbol: ROP) $2.152 $2.366 9.94% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Linde plc (Symbol: LIN) $4.046 $4.46 10.23% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% These five stocks are part of our full Dividend Aristocrats List. | Telephone & Data Systems Inc (Symbol: TDS) $15.15 $21.67 43.01% Roper Technologies Inc (Symbol: ROP) $372.29 $513.89 38.03% Donaldson Co. Inc. (Symbol: DCI) $46.30 $60.25 30.13% Linde plc (Symbol: LIN) $289.72 $368.00 27.02% Carlisle Companies Inc. (Symbol: CSL) $233.35 $295.00 26.42% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Telephone & Data Systems Inc (Symbol: TDS) 4.75% 43.01% 47.76% Roper Technologies Inc (Symbol: ROP) 0.67% 38.03% 38.7% Donaldson Co. Inc. (Symbol: DCI) 1.99% 30.13% 32.12% Linde plc (Symbol: LIN) 1.62% 27.02% 28.64% Carlisle Companies Inc. (Symbol: CSL) 0.93% 26.42% 27.35% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.69 $0.71 2.90% Roper Technologies Inc (Symbol: ROP) $2.152 $2.366 9.94% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Linde plc (Symbol: LIN) $4.046 $4.46 10.23% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% These five stocks are part of our full Dividend Aristocrats List. | Telephone & Data Systems Inc (Symbol: TDS) $15.15 $21.67 43.01% Roper Technologies Inc (Symbol: ROP) $372.29 $513.89 38.03% Donaldson Co. Inc. (Symbol: DCI) $46.30 $60.25 30.13% Linde plc (Symbol: LIN) $289.72 $368.00 27.02% Carlisle Companies Inc. (Symbol: CSL) $233.35 $295.00 26.42% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Telephone & Data Systems Inc (Symbol: TDS) 4.75% 43.01% 47.76% Roper Technologies Inc (Symbol: ROP) 0.67% 38.03% 38.7% Donaldson Co. Inc. (Symbol: DCI) 1.99% 30.13% 32.12% Linde plc (Symbol: LIN) 1.62% 27.02% 28.64% Carlisle Companies Inc. (Symbol: CSL) 0.93% 26.42% 27.35% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.69 $0.71 2.90% Roper Technologies Inc (Symbol: ROP) $2.152 $2.366 9.94% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Linde plc (Symbol: LIN) $4.046 $4.46 10.23% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% These five stocks are part of our full Dividend Aristocrats List. | Telephone & Data Systems Inc (Symbol: TDS) $15.15 $21.67 43.01% Roper Technologies Inc (Symbol: ROP) $372.29 $513.89 38.03% Donaldson Co. Inc. (Symbol: DCI) $46.30 $60.25 30.13% Linde plc (Symbol: LIN) $289.72 $368.00 27.02% Carlisle Companies Inc. (Symbol: CSL) $233.35 $295.00 26.42% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. Telephone & Data Systems Inc (Symbol: TDS) 4.75% 43.01% 47.76% Roper Technologies Inc (Symbol: ROP) 0.67% 38.03% 38.7% Donaldson Co. Inc. (Symbol: DCI) 1.99% 30.13% 32.12% Linde plc (Symbol: LIN) 1.62% 27.02% 28.64% Carlisle Companies Inc. (Symbol: CSL) 0.93% 26.42% 27.35% Another consideration with dividend growth stocks is just how much the dividend is growing. Telephone & Data Systems Inc (Symbol: TDS) $0.69 $0.71 2.90% Roper Technologies Inc (Symbol: ROP) $2.152 $2.366 9.94% Donaldson Co. Inc. (Symbol: DCI) $0.85 $0.89 4.71% Linde plc (Symbol: LIN) $4.046 $4.46 10.23% Carlisle Companies Inc. (Symbol: CSL) $2.1 $2.16 2.86% These five stocks are part of our full Dividend Aristocrats List. | 29305af7-9bb8-4f51-acbb-f6141083e2c7 |
709665.0 | 2022-06-15 00:00:00 UTC | Donaldson (DCI) Acquires Purilogics, Boosts Product Menu | DCI | https://www.nasdaq.com/articles/donaldson-dci-acquires-purilogics-boosts-product-menu | nan | nan | Donaldson Company, Inc. DCI recently announced the acquisition of Purilogics, LLC for an initial payment of about $20 million and a milestone-based earnout payment over the coming five years.
Shares of DCI were down 1.74% yesterday to eventually close the trading session at $48.
Based in Greenville, SC, Purilogics is a biotechnology firm. It provides an extensive portfolio of purification tools for several biologics, such as plasmid DNA, monoclonal antibodies, mRNA and others. Purilogics’ exclusive formulation and processes helps to create membranes for rapid production of cost-efficient biologic drugs.
Acquisition Rationale
With this buyout, Donaldson is expected to strengthen its life sciences portfolio by leveraging Purilogics’ unique product offerings. Donaldson’s proficiency in membrane technology and its global presence coupled with Purilogics’ expertise in membrane chromatography products will help it develop and market the biologics purification tools.
Purilogics will be integrated into DCI’s Industrial Filtration Solutions business in the Industrial Products segment. This segment manufactures and sells dust, mist and fume collectors, compressed air purification systems, air filtration systems (for gas turbines) and polytetrafluoroethylene (PTFE) membrane-based products, among others. The segment generated 29.6% of total revenues in third-quarter fiscal 2022 (ended April 2022).
Zacks Rank, Price Performance and Earnings Estimate Trend
Donaldson, with a $5.9-billion market capitalization, currently carries a Zacks Rank #3 (Hold). DCI is well-positioned to benefit from its solid product offerings, a diversified business structure and healthy demand in the quarters ahead. However, softness in its On-Road business is concerning.
Image Source: Zacks Investment Research
Shares of DCI have lost 17.1% compared with the 21.8% decline of its industry in the past six months.
The Zacks Consensus Estimate for fiscal 2022 (ending July 2022) earnings has been flat at $2.70 in the past 60 days. Earnings estimates for fiscal 2023 (ending July 2023) have moved 1.3% north to $3.07 during the same period.
Zacks Rank & Stocks to Consider
Some better-ranked companies from the industrial products sector are discussed below:
Applied Industrial Technologies, Inc. AIT presently sports a Zacks Rank #1. AIT delivered a trailing four-quarter earnings surprise of 25.4%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here
AIT’s earnings estimates have increased 5.9% for fiscal 2022 (ending June 2022) in the past 60 days. The stock has dipped 2.8% in the past six months.
RBC Bearings Incorporated ROLL presently has a Zacks Rank #2 (Buy). ROLL delivered a trailing four-quarter earnings surprise of 3.4%, on average.
ROLL’s earnings estimates have increased 9.8% for fiscal 2023 (ending March 2022) in the past 60 days. Its shares have declined 7.7% in the past six months.
Roper Technologies, Inc. ROP presently has a Zacks Rank of 2. Its earnings surprise in the last four quarters was 2%, on average.
In the past 60 days, ROP’s earnings estimates have increased 1.2% for 2022. The stock has declined 21.7% in the past six months.
Zacks' Top Picks to Cash in on Electric Vehicles
Big money has already been made in the Electric Vehicle (EV) industry. But, the EV revolution has not hit full throttle yet. There is a lot of money to be made as the next push for future technologies ramps up. Zacks’ Special Report reveals 5 picks investors
See 5 EV Stocks With Extreme Upside Potential >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
RBC Bearings Incorporated (ROLL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | DCI is well-positioned to benefit from its solid product offerings, a diversified business structure and healthy demand in the quarters ahead. Image Source: Zacks Investment Research Shares of DCI have lost 17.1% compared with the 21.8% decline of its industry in the past six months. Donaldson Company, Inc. DCI recently announced the acquisition of Purilogics, LLC for an initial payment of about $20 million and a milestone-based earnout payment over the coming five years. | Donaldson Company, Inc. DCI recently announced the acquisition of Purilogics, LLC for an initial payment of about $20 million and a milestone-based earnout payment over the coming five years. Shares of DCI were down 1.74% yesterday to eventually close the trading session at $48. Purilogics will be integrated into DCI’s Industrial Filtration Solutions business in the Industrial Products segment. | Image Source: Zacks Investment Research Shares of DCI have lost 17.1% compared with the 21.8% decline of its industry in the past six months. Donaldson Company, Inc. DCI recently announced the acquisition of Purilogics, LLC for an initial payment of about $20 million and a milestone-based earnout payment over the coming five years. Shares of DCI were down 1.74% yesterday to eventually close the trading session at $48. | Purilogics will be integrated into DCI’s Industrial Filtration Solutions business in the Industrial Products segment. Image Source: Zacks Investment Research Shares of DCI have lost 17.1% compared with the 21.8% decline of its industry in the past six months. Donaldson Company, Inc. DCI recently announced the acquisition of Purilogics, LLC for an initial payment of about $20 million and a milestone-based earnout payment over the coming five years. | 184be1fe-d117-4695-9274-32fdc5c02d48 |
709666.0 | 2022-06-14 00:00:00 UTC | Donaldson Co. Inc. Shares Approach 52-Week Low - Market Mover | DCI | https://www.nasdaq.com/articles/donaldson-co.-inc.-shares-approach-52-week-low-market-mover | nan | nan | Donaldson Co. Inc. (DCI) shares closed today at 1.6% above its 52 week low of $47.50, giving the company a market cap of $5B. The stock is currently down 17.8% year-to-date, down 21.5% over the past 12 months, and up 11.9% over the past five years. This week, the Dow Jones Industrial Average fell 6.7%, and the S&P 500 fell 7.8%.
Trading Activity
Trading volume this week was 54.2% higher than the 20-day average.
Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9.
Technical Indicators
The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought.
MACD, a trend-following momentum indicator, indicates a downward trend.
The stock closed below its Bollinger band, indicating it may be oversold.
Market Comparative Performance
The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis
The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis
The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis
Per Group Comparative Performance
The company's stock price performance year-to-date lags the peer average by 63.9%
The company's stock price performance over the past 12 months lags the peer average by 4.9%
The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 146.4% higher than the average peer.
This story was produced by the Kwhen Automated News Generator. For more articles like this, please visit us at finance.kwhen.com. Write to editors@kwhen.com. © 2020 Kwhen Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Co. Inc. (DCI) shares closed today at 1.6% above its 52 week low of $47.50, giving the company a market cap of $5B. Beta, a measure of the stock’s volatility relative to the overall market stands at 0.9. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 63.9% The company's stock price performance over the past 12 months lags the peer average by 4.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 146.4% higher than the average peer. | Donaldson Co. Inc. (DCI) shares closed today at 1.6% above its 52 week low of $47.50, giving the company a market cap of $5B. This week, the Dow Jones Industrial Average fell 6.7%, and the S&P 500 fell 7.8%. Trading Activity Trading volume this week was 54.2% higher than the 20-day average. | Donaldson Co. Inc. (DCI) shares closed today at 1.6% above its 52 week low of $47.50, giving the company a market cap of $5B. Market Comparative Performance The company's share price is the same as the S&P 500 Index , lags it on a 1-year basis, and lags it on a 5-year basis The company's share price is the same as the Dow Jones Industrial Average , lags it on a 1-year basis, and lags it on a 5-year basis The company share price is the same as the performance of its peers in the Materials industry sector , lags it on a 1-year basis, and lags it on a 5 year basis Per Group Comparative Performance The company's stock price performance year-to-date lags the peer average by 63.9% The company's stock price performance over the past 12 months lags the peer average by 4.9% The company's price-to-earnings ratio, which relates a company's share price to its earnings per share, is 146.4% higher than the average peer. This story was produced by the Kwhen Automated News Generator. | Donaldson Co. Inc. (DCI) shares closed today at 1.6% above its 52 week low of $47.50, giving the company a market cap of $5B. This week, the Dow Jones Industrial Average fell 6.7%, and the S&P 500 fell 7.8%. Technical Indicators The Relative Strength Index (RSI) on the stock was under 30, indicating it may be underbought. | 87324c49-c96c-4e8e-8fbd-e22cfa8c377d |
709667.0 | 2022-06-14 00:00:00 UTC | Donaldson Company Buys Purilogics; To Pay $20 Mln Initially | DCI | https://www.nasdaq.com/articles/donaldson-company-buys-purilogics-to-pay-%2420-mln-initially | nan | nan | (RTTNews) - Donaldson Company, Inc. (DCI), a filtration solutions provider, on Tuesday announced the acquisition of Purilogics, LLC, an early-stage biotechnology firm, for an initial sum of around $20 million as well as milestone payments over the next five years.
Tod Carpenter, CEO of Donaldson, said: "We are excited about the value Purilogics brings to the Donaldson life sciences portfolio through its novel and differentiated products. Our membrane technology expertise, and global sales and manufacturing footprint, will enable faster development and commercialization of these powerful tools for biologics purification."
Once acquired business commercialized, revenue from Purilogics' products will be reported within the Donaldson Industrial Filtration Solutions business in the Industrial Products segment.
Founded in 2013 by Jinxiang Zhou and Scott Husson, Purilogics is headquartered in South Carolina.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Donaldson Company, Inc. (DCI), a filtration solutions provider, on Tuesday announced the acquisition of Purilogics, LLC, an early-stage biotechnology firm, for an initial sum of around $20 million as well as milestone payments over the next five years. Our membrane technology expertise, and global sales and manufacturing footprint, will enable faster development and commercialization of these powerful tools for biologics purification." Founded in 2013 by Jinxiang Zhou and Scott Husson, Purilogics is headquartered in South Carolina. | (RTTNews) - Donaldson Company, Inc. (DCI), a filtration solutions provider, on Tuesday announced the acquisition of Purilogics, LLC, an early-stage biotechnology firm, for an initial sum of around $20 million as well as milestone payments over the next five years. Once acquired business commercialized, revenue from Purilogics' products will be reported within the Donaldson Industrial Filtration Solutions business in the Industrial Products segment. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Donaldson Company, Inc. (DCI), a filtration solutions provider, on Tuesday announced the acquisition of Purilogics, LLC, an early-stage biotechnology firm, for an initial sum of around $20 million as well as milestone payments over the next five years. Tod Carpenter, CEO of Donaldson, said: "We are excited about the value Purilogics brings to the Donaldson life sciences portfolio through its novel and differentiated products. Once acquired business commercialized, revenue from Purilogics' products will be reported within the Donaldson Industrial Filtration Solutions business in the Industrial Products segment. | (RTTNews) - Donaldson Company, Inc. (DCI), a filtration solutions provider, on Tuesday announced the acquisition of Purilogics, LLC, an early-stage biotechnology firm, for an initial sum of around $20 million as well as milestone payments over the next five years. Tod Carpenter, CEO of Donaldson, said: "We are excited about the value Purilogics brings to the Donaldson life sciences portfolio through its novel and differentiated products. Our membrane technology expertise, and global sales and manufacturing footprint, will enable faster development and commercialization of these powerful tools for biologics purification." | 9c970b97-8ab6-4f9b-9a87-7e1d7c88a92f |
709668.0 | 2022-06-06 00:00:00 UTC | DCI Ex-Dividend Reminder - 6/8/22 | DCI | https://www.nasdaq.com/articles/dci-ex-dividend-reminder-6-8-22 | nan | nan | Looking at the universe of stocks we cover at Dividend Channel, on 6/8/22, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 6/24/22. As a percentage of DCI's recent stock price of $53.87, this dividend works out to approximately 0.43%.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.71% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DCI shares, versus its 200 day moving average:
Looking at the chart above, DCI's low point in its 52 week range is $48.16 per share, with $69.35 as the 52 week high point — that compares with a last trade of $53.90.
In Monday trading, Donaldson Co. Inc. shares are currently up about 1.2% on the day.
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | As a percentage of DCI's recent stock price of $53.87, this dividend works out to approximately 0.43%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.71% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $48.16 per share, with $69.35 as the 52 week high point — that compares with a last trade of $53.90. | As a percentage of DCI's recent stock price of $53.87, this dividend works out to approximately 0.43%. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $48.16 per share, with $69.35 as the 52 week high point — that compares with a last trade of $53.90. Looking at the universe of stocks we cover at Dividend Channel, on 6/8/22, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 6/24/22. | Looking at the universe of stocks we cover at Dividend Channel, on 6/8/22, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 6/24/22. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.71% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of DCI shares, versus its 200 day moving average: Looking at the chart above, DCI's low point in its 52 week range is $48.16 per share, with $69.35 as the 52 week high point — that compares with a last trade of $53.90. | As a percentage of DCI's recent stock price of $53.87, this dividend works out to approximately 0.43%. In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from DCI is likely to continue, and whether the current estimated yield of 1.71% on annualized basis is a reasonable expectation of annual yield going forward. Looking at the universe of stocks we cover at Dividend Channel, on 6/8/22, Donaldson Co. Inc. (Symbol: DCI) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 6/24/22. | f95c574b-e98f-4f39-88f8-d1269a4901b4 |
709669.0 | 2022-06-03 00:00:00 UTC | Donaldson (DCI) Q3 Earnings Miss Estimates, Revenues Beat | DCI | https://www.nasdaq.com/articles/donaldson-dci-q3-earnings-miss-estimates-revenues-beat | nan | nan | Donaldson Company, Inc.’s DCI third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%.
Its shares gained 5.2% yesterday to eventually close the trading session at $53.63.
The company’s earnings in the reported quarter were 67 cents per share, lagging the Zacks Consensus Estimate of 72 cents. The bottom line improved 1.5% from the year-ago quarter’s 66 cents. Sales growth in the reported quarter was partially offset by the headwinds stemming from supply-chain constraints and higher cost of raw materials.
Revenue Results
In the fiscal third quarter, Donaldson’s net sales were $853.2 million, reflecting year-over-year growth of 11.5%. The top line surpassed the Zacks Consensus Estimate of $831 million.
Region-wise, the company’s net sales in the United States/Canada increased 18.4% year over year. The top line expanded by 7.8% in Europe, the Middle East and Africa, and by 33.7% in Latin America. It declined 4.4% in Asia Pacific.
The company reports revenues under the following segments — Engine Products and Industrial Products. A brief snapshot of the segmental sales is provided below:
Engine Products’ (accounting for 70.4% of net sales in third-quarter fiscal 2022) sales were $601 million, reflecting year-over-year growth of 13.2%.
The results were positively impacted by 13% growth in Off-Road, 29.2% in Aerospace and Defense, and 14.5% in Aftermarket sales. However, sales declined 9% in On-Road.
Revenues generated from Industrial Products (accounting for 29.6% of net sales in third-quarter fiscal 2022) were $252.2 million, increasing 7.8% from the year-ago quarter.
Results benefited from sales growth of 9.1% in Industrial Filtration Solutions and 19.4% in Gas Turbine Systems. However, sales declined 3.6% in Special Applications.
Donaldson Company, Inc. Price, Consensus and EPS Surprise
Donaldson Company, Inc. price-consensus-eps-surprise-chart | Donaldson Company, Inc. Quote
Margin Profile
In the quarter, Donaldson’s cost of sales increased 15.2% year over year to $584.2 million. Gross profit jumped 4.3% to $269 million while gross margin declined 220 basis points (bps) to 31.5%. The margin results were negatively impacted by higher raw material costs, partially offset by volume growth and favorable pricing.
Operating expenses increased 6.3% year over year to $158 million. Operating profit in the quarter under review increased 1.5% to $111 million. Operating margin was 13%, down 130 bps year over year.
Effective tax rate in the quarter was 25.4% compared with 23.9% in the year-ago quarter.
Balance Sheet & Cash Flow
Exiting third-quarter fiscal 2022, Donaldson’s cash and cash equivalents were $168.7 million, down 1% from $170.4 million recorded in the last-reported quarter. Long-term debt was up 9.6% sequentially to $607.2 million.
In the first nine months of fiscal 2022, the company repaid the long-term debt of $90 million.
In the reported quarter, it generated net cash of $64.2 million from operating activities, reflecting a decrease of 37.9% from the year-ago figure. Capital expenditure (net) totaled $23.2 million compared with $9.8 million in the year-ago quarter. Free cash flow decreased 56.1% to $41 million.
In the first nine months of fiscal 2022, the company used $153.7 million for repurchasing shares and $81.8 million for paying out dividends.
Outlook
For fiscal 2022 (ending July 2022), Donaldson anticipates benefiting from solid demand for its products. However, supply-chain challenges weigh on the company.
It expects earnings per share of $2.67-$2.73 compared with $2.66-$2.76 predicted earlier. Sales are anticipated to increase 14.5-16.5% year over year compared with 11-15% guided previously. Movements in foreign currencies are expected to have a negative impact of 3% on sales.
On a segmental basis, Engine Products sales are anticipated to increase 16-18% year over year. The segment’s performance is likely to benefit from growth in Off-Road and Aftermarket sales. Also, solid growth in Aerospace and Defense sales is anticipated. However, supply chain issues might hurt On-Road sales.
Sales growth for Industrial Products is anticipated to be 10-12% year over year. The segment is likely to gain from solid momentum in Industrial Filtration Solutions, Gas Turbine Systems and Special Applications.
Operating margin is expected to be 13.5-13.9% for fiscal 2022. Interest expenses are predicted to be $14.5-$15 million. Other income is likely to be $10-$12 million. Effective tax rate is anticipated to be 24-26%.
Capital expenditure for the fiscal year is expected to be $90-$110 million. Free cash flow conversion is anticipated to be 50-60%. Share buybacks are expected to account for 2-2.5% of outstanding shares.
Zacks Rank & Stocks to Consider
The company currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies from the same space are discussed below:
Applied Industrial Technologies, Inc. AIT presently sports a Zacks Rank #1 (Strong Buy). AIT delivered a trailing four-quarter earnings surprise of 25.4%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
AIT’s earnings estimates have increased 5.9% for fiscal 2022 (ending June 2022) in the past 60 days. Its shares have inched up 4.8% in the past three months.
Graphic Packaging Holding Company GPK presently sports a Zacks Rank #1. Its earnings surprise in the last four quarters was 7.2%, on average.
In the past 60 days, GPK’s earnings estimates have increased 7.6% for 2022. The stock has gained 12.7% in the past three months.
Nordson Corporation NDSN presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 4.5%, on average.
In the past 60 days, NDSN’s earnings estimates have increased 3% for 2022. The stock has declined 1.9% in the past three months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Graphic Packaging Holding Company (GPK): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc.’s DCI third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Sales growth in the reported quarter was partially offset by the headwinds stemming from supply-chain constraints and higher cost of raw materials. | Donaldson Company, Inc.’s DCI third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Engine Products’ (accounting for 70.4% of net sales in third-quarter fiscal 2022) sales were $601 million, reflecting year-over-year growth of 13.2%. | Donaldson Company, Inc.’s DCI third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Engine Products’ (accounting for 70.4% of net sales in third-quarter fiscal 2022) sales were $601 million, reflecting year-over-year growth of 13.2%. | Donaldson Company, Inc.’s DCI third-quarter fiscal 2022 (ended Apr 30, 2022) earnings missed the Zacks Consensus Estimate by 6.9% while sales surpassed the same by 2.7%. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Revenue Results In the fiscal third quarter, Donaldson’s net sales were $853.2 million, reflecting year-over-year growth of 11.5%. | 4db1d27c-7bc0-465e-9967-a2edbb74f2d0 |
709670.0 | 2022-06-01 00:00:00 UTC | Donaldson Q3 EPS Up, Misses Estimates; Updates FY22 Outlook - Quick Facts | DCI | https://www.nasdaq.com/articles/donaldson-q3-eps-up-misses-estimates-updates-fy22-outlook-quick-facts | nan | nan | (RTTNews) - Donaldson Co., Inc. (DCI), a provider of technology-led filtration products and solutions, reported Wednesday that its third-quarter net earnings were $83.0 million, a decrease of 1.8 percent from $84.4 million in the prior year.
Earnings per share, however, grew 1.1 percent to $0.67 from $0.66 with lower share count.
On average, six analysts polled by Thomson Reuters expected earnings of $0.72 per share for the quarter. Analysts' estimates typically exclude special items.
Third-quarter sales increased 11.5 percent to $853.2 million from $765.0 million in 2021. Analysts estimated revenues of $823.99 million for the quarter.
Further, the company revised fiscal 2022 outlook for earnings and sales.
For the year, earnings per share is now expected to be between $2.67 and $2.73, versus a previous range of between $2.66 and $2.76. In 2021, earnings on a reported and adjusted basis were $2.24 and $2.32, respectively. Analysts expect earnings of $2.7 per share for the year.
For fiscal 2022, Donaldson now projects sales to increase 14.5 percent to 16.5 percent over prior year, up from previous guidance of 11 percent to 15 percent, and driven primarily by strength in Engine sales.
Donaldson also increased its share repurchase expectation to be between 2.0 percent and 2.5 percent of shares outstanding from approximately 2.0 percent previously.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | (RTTNews) - Donaldson Co., Inc. (DCI), a provider of technology-led filtration products and solutions, reported Wednesday that its third-quarter net earnings were $83.0 million, a decrease of 1.8 percent from $84.4 million in the prior year. On average, six analysts polled by Thomson Reuters expected earnings of $0.72 per share for the quarter. For the year, earnings per share is now expected to be between $2.67 and $2.73, versus a previous range of between $2.66 and $2.76. | (RTTNews) - Donaldson Co., Inc. (DCI), a provider of technology-led filtration products and solutions, reported Wednesday that its third-quarter net earnings were $83.0 million, a decrease of 1.8 percent from $84.4 million in the prior year. Third-quarter sales increased 11.5 percent to $853.2 million from $765.0 million in 2021. For fiscal 2022, Donaldson now projects sales to increase 14.5 percent to 16.5 percent over prior year, up from previous guidance of 11 percent to 15 percent, and driven primarily by strength in Engine sales. | (RTTNews) - Donaldson Co., Inc. (DCI), a provider of technology-led filtration products and solutions, reported Wednesday that its third-quarter net earnings were $83.0 million, a decrease of 1.8 percent from $84.4 million in the prior year. For fiscal 2022, Donaldson now projects sales to increase 14.5 percent to 16.5 percent over prior year, up from previous guidance of 11 percent to 15 percent, and driven primarily by strength in Engine sales. Donaldson also increased its share repurchase expectation to be between 2.0 percent and 2.5 percent of shares outstanding from approximately 2.0 percent previously. | (RTTNews) - Donaldson Co., Inc. (DCI), a provider of technology-led filtration products and solutions, reported Wednesday that its third-quarter net earnings were $83.0 million, a decrease of 1.8 percent from $84.4 million in the prior year. Analysts estimated revenues of $823.99 million for the quarter. Analysts expect earnings of $2.7 per share for the year. | d6fa0b5f-9940-4a64-9def-9e4d168e374e |
709671.0 | 2022-05-31 00:00:00 UTC | Pre-Market Earnings Report for June 1, 2022 : CPRI, DCI, WB, AFMD, CONN | DCI | https://www.nasdaq.com/articles/pre-market-earnings-report-for-june-1-2022-%3A-cpri-dci-wb-afmd-conn | nan | nan | The following companies are expected to report earnings prior to market open on 06/01/2022. Visit our Earnings Calendar for a full list of expected earnings releases.
Capri Holdings Limited (CPRI)is reporting for the quarter ending March 31, 2022. The retail (shoe) company's consensus earnings per share forecast from the 6 analysts that follow the stock is $0.82. This value represents a 115.79% increase compared to the same quarter last year. In the past year CPRI has beat the expectations every quarter. The highest one was in the 4th calendar quarter where they beat the consensus by 32.14%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for CPRI is 7.93 vs. an industry ratio of 11.90.
Donaldson Company, Inc. (DCI)is reporting for the quarter ending April 30, 2022. The pollution control company's consensus earnings per share forecast from the 5 analysts that follow the stock is $0.72. This value represents a 9.09% increase compared to the same quarter last year. DCI missed the consensus earnings per share in the 1st calendar quarter of 2022 by -8.06%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.43 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry.
Weibo Corporation (WB)is reporting for the quarter ending March 31, 2022. The internet content company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.42. This value represents a 90.91% increase compared to the same quarter last year. The "days to cover" for this stock exceeds 10 days. Zacks Investment Research reports that the 2022 Price to Earnings ratio for WB is 9.24 vs. an industry ratio of 10.50.
Affimed N.V. (AFMD)is reporting for the quarter ending March 31, 2022. The biomedical (gene) company's consensus earnings per share forecast from the 5 analysts that follow the stock is $-0.18. This value represents a 1900.00% decrease compared to the same quarter last year. Zacks Investment Research reports that the 2022 Price to Earnings ratio for AFMD is -4.05 vs. an industry ratio of -1.10.
Conn's, Inc. (CONN)is reporting for the quarter ending April 30, 2022. The retail company's consensus earnings per share forecast from the 2 analysts that follow the stock is $0.18. This value represents a 88.39% decrease compared to the same quarter last year. CONN missed the consensus earnings per share in the 1st calendar quarter of 2022 by -31.25%. The "days to cover" for this stock exceeds 13 days. Zacks Investment Research reports that the 2023 Price to Earnings ratio for CONN is 8.35 vs. an industry ratio of -4.00, implying that they will have a higher earnings growth than their competitors in the same industry.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. (DCI)is reporting for the quarter ending April 30, 2022. DCI missed the consensus earnings per share in the 1st calendar quarter of 2022 by -8.06%. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.43 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry. | Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.43 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. (DCI)is reporting for the quarter ending April 30, 2022. DCI missed the consensus earnings per share in the 1st calendar quarter of 2022 by -8.06%. | Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.43 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry. Donaldson Company, Inc. (DCI)is reporting for the quarter ending April 30, 2022. DCI missed the consensus earnings per share in the 1st calendar quarter of 2022 by -8.06%. | DCI missed the consensus earnings per share in the 1st calendar quarter of 2022 by -8.06%. Donaldson Company, Inc. (DCI)is reporting for the quarter ending April 30, 2022. Zacks Investment Research reports that the 2022 Price to Earnings ratio for DCI is 19.43 vs. an industry ratio of 18.40, implying that they will have a higher earnings growth than their competitors in the same industry. | b3dc8392-0dcd-418a-ad9d-c3ac3318dfeb |
709672.0 | 2022-05-31 00:00:00 UTC | Donaldson (DCI) to Report Q3 Earnings: What's in the Cards? | DCI | https://www.nasdaq.com/articles/donaldson-dci-to-report-q3-earnings%3A-whats-in-the-cards | nan | nan | Donaldson Company, Inc. DCI is scheduled to release third-quarter fiscal 2022 (ended April 2022) results on Jun 1.
The company’s earnings surpassed the Zacks Consensus Estimate twice in the last four quarters, while meeting and missing the same once each, the surprise being 4.16%, on average. Its second-quarter fiscal 2022 (ended January 2022) earnings of 57 cents per share lagged the Zacks Consensus Estimate of 62 cents by 8.06%.
Image Source: Zacks Investment Research
In the past three months, the company’s shares have lost 0.6% against the industry’s decline of 6.4%.
Factors at Play
Donaldson is expected to have benefited from strength across its off-road, aftermarket, and aerospace & defense end markets in the fiscal third quarter. While the company’s off-road business is likely to have benefited from higher equipment production levels, improved commercial aerospace market conditions are likely to have driven its aerospace business. Also, strength in its industrial filtration solutions, gas turbine systems and special applications businesses is likely to have boosted its performance.
Despite strength in end markets, supply chain challenges and logistics issues are expected to have adversely impacted DCI’s production capabilities, affecting its performance in the to-be-reported quarter. Escalating cost of sales and operating expenses has also been concerning for the company. In the fiscal second quarter, its cost of sales increased 21.8% year over year while operating expenses jumped 3.2%. In the quarter, the company’s gross margin declined 210 basis points on a year-over-year basis. High costs of raw materials, labor and freight, along with supply-chain challenges, are expected to have adversely impacted its margin and profitability in the to-be-reported quarter as well.
Given its extensive regional presence, Donaldson’s operations are subject to global economic and political risks, as well as forex woes. It is worth noting that in the fiscal second quarter, its On-Road sales decreased 14.1% year over year in the Europe, Middle East and Africa (EMEA) region. A stronger U.S. dollar might have hurt the company's overseas business in the fiscal third quarter.
The Zacks Consensus Estimate for Engine Products’ revenues for the fiscal third quarter is currently pegged at $579 million, indicating a 4.5% increase from the quarter-ago reported number. The consensus estimate for Industrial Products segment revenues is pegged at $252 million, indicating a sequential increase of 1.6%.
The Zacks Consensus Estimate for the company’s fiscal third-quarter total revenues is currently pegged at $831 million, suggesting 3.5% growth from the quarter-ago reported number. The consensus estimate for earnings of 72 cents suggests an improvement of 26.3% sequentially.
Earnings Whispers
According to our quantitative model, a stock needs to have the combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy), or at least 3 (Hold) to increase the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. But that is not the case here, as we will see below.
You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: Donaldson has an Earnings ESP of 0.00%, as both the Most Accurate Estimate and the Zacks Consensus Estimate is pegged at 72 cents.
Donaldson Company, Inc. Price and EPS Surprise
Donaldson Company, Inc. price-eps-surprise | Donaldson Company, Inc. Quote
Zacks Rank: The company carries a Zacks Rank #4 (Sell).
Key Picks
Here are some companies you may want to consider, as our model shows that these have the right combination of elements to post an earnings beat:
Allegheny Technologies Incorporated ATI has an Earnings ESP of +20.97% and a Zacks Rank of 1 at present. ATI delivered a trailing four-quarter earnings surprise of 128.94%, on average.
Earnings estimates of ATI have increased 27.3% for 2022 in the past 60 days. Its shares have gained 5.9% in the past three months.
Akoustis Technologies, Inc. AKTS has an Earnings ESP of +5.93% and a Zacks Rank of 2, currently. AKTS’ bottom line came in line with the consensus estimate in the last-reported quarter.
Earnings estimates of AKTS have increased 2% for fiscal 2022 (ending June 2022) in the past 60 days. Its shares have declined 32.6% in the past three months.
Argo Group International Holdings, Ltd. ARGO has an Earnings ESP of +4.35% and a Zacks Rank of 2, currently. Its earnings surprise in the last four quarters was 383.28%, on average.
In the past 60 days, ARGO’s earnings estimates have increased 0.2% for 2022. The stock has gained 0.8% in the past three months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Allegheny Technologies Incorporated (ATI): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Akoustis Technologies, Inc. (AKTS): Free Stock Analysis Report
Argo Group International Holdings, Ltd. (ARGO): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Despite strength in end markets, supply chain challenges and logistics issues are expected to have adversely impacted DCI’s production capabilities, affecting its performance in the to-be-reported quarter. Donaldson Company, Inc. DCI is scheduled to release third-quarter fiscal 2022 (ended April 2022) results on Jun 1. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Donaldson Company, Inc. DCI is scheduled to release third-quarter fiscal 2022 (ended April 2022) results on Jun 1. Despite strength in end markets, supply chain challenges and logistics issues are expected to have adversely impacted DCI’s production capabilities, affecting its performance in the to-be-reported quarter. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Donaldson Company, Inc. DCI is scheduled to release third-quarter fiscal 2022 (ended April 2022) results on Jun 1. Despite strength in end markets, supply chain challenges and logistics issues are expected to have adversely impacted DCI’s production capabilities, affecting its performance in the to-be-reported quarter. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Despite strength in end markets, supply chain challenges and logistics issues are expected to have adversely impacted DCI’s production capabilities, affecting its performance in the to-be-reported quarter. Donaldson Company, Inc. DCI is scheduled to release third-quarter fiscal 2022 (ended April 2022) results on Jun 1. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | ee1f31a1-773b-4e4a-b07e-d974834ac9c3 |
709673.0 | 2022-05-26 00:00:00 UTC | Daily Dividend Report: RY,DCI,DE,BLK,VTR | DCI | https://www.nasdaq.com/articles/daily-dividend-report%3A-rydcideblkvtr | nan | nan | Royal Bank of Canada announced today that its board of directors has declared an increase to its quarterly common share dividend of eight cents or seven per cent, to $1.28 per share, payable on and after August 24, 2022, to common shareholders of record at the close of business on July 26, 2022.
Donaldson today announced that its Board of Directors declared a regular cash dividend of 23.0 cents per share, an increase of 4.5% from the prior quarterly dividend of 22.0 cents per share. The dividend is payable June 24, 2022, to shareholders of record on June 9, 2022. Donaldson is a member of the S&P High-Yield Dividend Aristocrats Index and calendar year 2021 marked the 26th consecutive year of annual dividend increases. The Company has paid a cash dividend every quarter for 66 years.
The Deere Board of Directors today declared a quarterly dividend of $1.13 per share payable August 8, 2022 to stockholders of record on June 30, 2022. The new quarterly rate represents an additional 8 cents per share over the previous level, an increase of approximately 8 percent per share. "The latest increase in our quarterly dividend is a reflection of Deere's recent strong performance and the success of our Smart Industrial strategy," said John C. May, chairman and chief executive officer. "It also shows our confidence in the company's future direction."
BlackRock, today announced that its Board of Directors has declared a quarterly cash dividend of $4.88 per share of common stock, payable June 23, 2022 to shareholders of record at the close of business on June 6, 2022.
Ventas today announced that its Board of Directors has declared a quarterly dividend of $0.45 per common share. The dividend will be payable in cash on July 14, 2022 to stockholders of record as of the close of business on July 1, 2022.
VIDEO: Daily Dividend Report: RY,DCI,DE,BLK,VTR
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | VIDEO: Daily Dividend Report: RY,DCI,DE,BLK,VTR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Royal Bank of Canada announced today that its board of directors has declared an increase to its quarterly common share dividend of eight cents or seven per cent, to $1.28 per share, payable on and after August 24, 2022, to common shareholders of record at the close of business on July 26, 2022. The Deere Board of Directors today declared a quarterly dividend of $1.13 per share payable August 8, 2022 to stockholders of record on June 30, 2022. | VIDEO: Daily Dividend Report: RY,DCI,DE,BLK,VTR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Royal Bank of Canada announced today that its board of directors has declared an increase to its quarterly common share dividend of eight cents or seven per cent, to $1.28 per share, payable on and after August 24, 2022, to common shareholders of record at the close of business on July 26, 2022. The Deere Board of Directors today declared a quarterly dividend of $1.13 per share payable August 8, 2022 to stockholders of record on June 30, 2022. | VIDEO: Daily Dividend Report: RY,DCI,DE,BLK,VTR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Royal Bank of Canada announced today that its board of directors has declared an increase to its quarterly common share dividend of eight cents or seven per cent, to $1.28 per share, payable on and after August 24, 2022, to common shareholders of record at the close of business on July 26, 2022. Donaldson today announced that its Board of Directors declared a regular cash dividend of 23.0 cents per share, an increase of 4.5% from the prior quarterly dividend of 22.0 cents per share. | VIDEO: Daily Dividend Report: RY,DCI,DE,BLK,VTR The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. Royal Bank of Canada announced today that its board of directors has declared an increase to its quarterly common share dividend of eight cents or seven per cent, to $1.28 per share, payable on and after August 24, 2022, to common shareholders of record at the close of business on July 26, 2022. The Company has paid a cash dividend every quarter for 66 years. | b742efc4-b33f-4081-9892-5a56cfd3614d |
709674.0 | 2022-05-26 00:00:00 UTC | Donaldson (DCI) Announces 4.5% Hike in Quarterly Dividend Rate | DCI | https://www.nasdaq.com/articles/donaldson-dci-announces-4.5-hike-in-quarterly-dividend-rate | nan | nan | Donaldson Company, Inc. DCI yesterday announced rewards for its shareholders in the form of a hike in the quarterly dividend rate. We believe that such shareholder-friendly policies of the company reflect a strong cash position.
The company’s shares gained 1.8% yesterday, ending the trading session at $50.60.
Inside the Headlines
As noted, the company’s board of directors approved a 4.5% hike in the quarterly dividend rate. The rate now stands at 23 cents per share, higher than the previous quarterly dividend rate of 22 cents. On an annual basis, the dividend rate now stands at 92 cents per share, up from the previous rate of 88 cents.
Donaldson will pay the revised quarterly dividend on Jun 24, 2022, to shareholders of record as of Jun 9.
Sound Shareholder-Friendly Policies
Donaldson firmly believes in rewarding shareholders handsomely through dividend payments and share buybacks. Its cash dividend payout per share increased from 78 cents in fiscal 2019 (ended July 2019) to 85 cents in fiscal 2021 (ended July 2021). In May 2021, it raised the quarterly dividend rate by 4.8%.
The company’s payouts were 44 cents per share or $54.6 million in the first half of fiscal 2022 (ended January 2022). Also, it bought back shares worth $115.6 million in the first half of the current fiscal year.
We believe that impressive financial performance in the quarters ahead will enable the company to continue rewarding shareholders handsomely through dividend hikes and share-buyback activities.
Zacks Rank, Price Performance & Estimates Estimate Trend
With a market capitalization of $6.3 billion, Donaldson currently carries a Zacks Rank #3 (Hold). The company is well-positioned to benefit from solid product offerings, a diversified business structure and healthy demand in the quarters ahead. Handsome rewards to shareholders raise its attractiveness. However, softness in the company’s On-Road business is concerning.
Image Source: Zacks Investment Research
In the past three months, the company’s shares have lost 6.8% compared with the 13.1% decline recorded by the industry.
In the past 60 days, the Zacks Consensus Estimate for earnings has remained stable for both fiscal 2022 (ending July 2022) and fiscal 2023 (ending July 2023).
Stocks to Consider
Some better-ranked companies from the industrial products sector are discussed below:
Applied Industrial Technologies, Inc. AIT presently sports a Zacks Rank #1 (Strong Buy). AIT delivered a trailing four-quarter earnings surprise of 25.4%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
AIT’s earnings estimates have increased 5.9% for fiscal 2022 (ending June 2022) in the past 60 days. Its shares have declined 1.8% in the past three months.
Roper Technologies, Inc. ROP presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 2%, on average.
In the past 60 days, ROP’s earnings estimates have increased 1.1% for 2022. The stock has declined 5% in the past three months.
IDEX Corporation IEX is presently Zacks #2 Ranked. IEX’s earnings surprise in the last four quarters was 2.8%, on average.
In the past 60 days, the stock’s earnings estimates have increased 3.2% for 2022. The stock has declined 3.5% in the past three months.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
IDEX Corporation (IEX): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI yesterday announced rewards for its shareholders in the form of a hike in the quarterly dividend rate. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Sound Shareholder-Friendly Policies Donaldson firmly believes in rewarding shareholders handsomely through dividend payments and share buybacks. | Donaldson Company, Inc. DCI yesterday announced rewards for its shareholders in the form of a hike in the quarterly dividend rate. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Its cash dividend payout per share increased from 78 cents in fiscal 2019 (ended July 2019) to 85 cents in fiscal 2021 (ended July 2021). | Donaldson Company, Inc. DCI yesterday announced rewards for its shareholders in the form of a hike in the quarterly dividend rate. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Its cash dividend payout per share increased from 78 cents in fiscal 2019 (ended July 2019) to 85 cents in fiscal 2021 (ended July 2021). | Donaldson Company, Inc. DCI yesterday announced rewards for its shareholders in the form of a hike in the quarterly dividend rate. Donaldson Company, Inc. (DCI): Free Stock Analysis Report AIT’s earnings estimates have increased 5.9% for fiscal 2022 (ending June 2022) in the past 60 days. | db55287b-d4e3-4c9c-83e9-f7b9d25204d2 |
709675.0 | 2022-05-25 00:00:00 UTC | EnerSys (ENS) Tops Q4 Earnings and Revenue Estimates | DCI | https://www.nasdaq.com/articles/enersys-ens-tops-q4-earnings-and-revenue-estimates | nan | nan | EnerSys (ENS) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.15 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.35%. A quarter ago, it was expected that this maker of industrial batteries would post earnings of $0.99 per share when it actually produced earnings of $1.01, delivering a surprise of 2.02%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
EnerSys, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $907 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.92%. This compares to year-ago revenues of $813.5 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
EnerSys shares have lost about 19.9% since the beginning of the year versus the S&P 500's decline of -17.3%.
What's Next for EnerSys?
While EnerSys has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for EnerSys: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.18 on $862.7 million in revenues for the coming quarter and $5.34 on $3.52 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - Electronics is currently in the bottom 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended April 2022. The results are expected to be released on June 1.
This maker of filtration systems is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of +9.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Donaldson's revenues are expected to be $831.18 million, up 8.7% from the year-ago quarter.
Zacks’ Top Picks to Cash in on Artificial Intelligence
This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.
See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Enersys (ENS): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended April 2022. EnerSys, which belongs to the Zacks Manufacturing - Electronics industry, posted revenues of $907 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 2.92%. | Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report EnerSys (ENS) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.15 per share. | Another stock from the broader Zacks Industrial Products sector, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report EnerSys (ENS) came out with quarterly earnings of $1.20 per share, beating the Zacks Consensus Estimate of $1.15 per share. | 28294d00-3457-4a48-934f-666cadc4c8ec |
709676.0 | 2022-05-23 00:00:00 UTC | Add Up The Pieces: DURA Could Be Worth $36 | DCI | https://www.nasdaq.com/articles/add-up-the-pieces%3A-dura-could-be-worth-%2436 | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the Morningstar Durable Dividend ETF (Symbol: DURA), we found that the implied analyst target price for the ETF based upon its underlying holdings is $35.88 per unit.
With DURA trading at a recent price near $30.83 per unit, that means that analysts see 16.38% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of DURA's underlying holdings with notable upside to their analyst target prices are Donaldson Co. Inc. (Symbol: DCI), Hubbell Inc. (Symbol: HUBB), and Allstate Corp (Symbol: ALL). Although DCI has traded at a recent price of $49.80/share, the average analyst target is 25.17% higher at $62.33/share. Similarly, HUBB has 21.08% upside from the recent share price of $186.00 if the average analyst target price of $225.20/share is reached, and analysts on average are expecting ALL to reach a target price of $143.54/share, which is 16.67% above the recent price of $123.03. Below is a twelve month price history chart comparing the stock performance of DCI, HUBB, and ALL:
Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
Morningstar Durable Dividend ETF DURA $30.83 $35.88 16.38%
Donaldson Co. Inc. DCI $49.80 $62.33 25.17%
Hubbell Inc. HUBB $186.00 $225.20 21.08%
Allstate Corp ALL $123.03 $143.54 16.67%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Although DCI has traded at a recent price of $49.80/share, the average analyst target is 25.17% higher at $62.33/share. Morningstar Durable Dividend ETF DURA $30.83 $35.88 16.38% Donaldson Co. Inc. DCI $49.80 $62.33 25.17% Hubbell Inc. HUBB $186.00 $225.20 21.08% Allstate Corp ALL $123.03 $143.54 16.67% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DURA's underlying holdings with notable upside to their analyst target prices are Donaldson Co. Inc. (Symbol: DCI), Hubbell Inc. (Symbol: HUBB), and Allstate Corp (Symbol: ALL). | Three of DURA's underlying holdings with notable upside to their analyst target prices are Donaldson Co. Inc. (Symbol: DCI), Hubbell Inc. (Symbol: HUBB), and Allstate Corp (Symbol: ALL). Morningstar Durable Dividend ETF DURA $30.83 $35.88 16.38% Donaldson Co. Inc. DCI $49.80 $62.33 25.17% Hubbell Inc. HUBB $186.00 $225.20 21.08% Allstate Corp ALL $123.03 $143.54 16.67% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Although DCI has traded at a recent price of $49.80/share, the average analyst target is 25.17% higher at $62.33/share. | Three of DURA's underlying holdings with notable upside to their analyst target prices are Donaldson Co. Inc. (Symbol: DCI), Hubbell Inc. (Symbol: HUBB), and Allstate Corp (Symbol: ALL). Although DCI has traded at a recent price of $49.80/share, the average analyst target is 25.17% higher at $62.33/share. Below is a twelve month price history chart comparing the stock performance of DCI, HUBB, and ALL: Below is a summary table of the current analyst target prices discussed above: | Morningstar Durable Dividend ETF DURA $30.83 $35.88 16.38% Donaldson Co. Inc. DCI $49.80 $62.33 25.17% Hubbell Inc. HUBB $186.00 $225.20 21.08% Allstate Corp ALL $123.03 $143.54 16.67% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of DURA's underlying holdings with notable upside to their analyst target prices are Donaldson Co. Inc. (Symbol: DCI), Hubbell Inc. (Symbol: HUBB), and Allstate Corp (Symbol: ALL). Although DCI has traded at a recent price of $49.80/share, the average analyst target is 25.17% higher at $62.33/share. | 2fd310bd-8457-4b26-b6c5-751ca2ec25af |
709677.0 | 2022-05-12 00:00:00 UTC | Donaldson (DCI) Exhibits Strong Prospects, Risks Persist | DCI | https://www.nasdaq.com/articles/donaldson-dci-exhibits-strong-prospects-risks-persist | nan | nan | Donaldson Company, Inc. DCI stands to gain from its solid product portfolio, growth investments and focus on operational execution and innovation. Strength across the company’s aerospace & defense, off-road and aftermarket businesses and higher demand for industrial filtration solutions, special applications and gas turbine systems products are likely to drive its performance in the quarters ahead. Net sales are likely to increase 11-15% year over year in fiscal 2022 (ending July 2022), higher than 8-12% anticipated earlier.
The company intends to strengthen and expand its businesses through the addition of assets. Its Solaris Biotechnology buyout (November 2021) has been boosting its presence across several end markets, including food and beverage, biopharma and other major life sciences. The company also acquired Pearson Arnold Industrial Services in the same month.
DCI remains focused on rewarding shareholders through dividend payouts and share buyback programs. For instance, in the first six months of fiscal 2022 (ended January 2022), Donaldson used $54.6 million for paying out dividends and repurchasing shares worth $115.6 million. The quarterly dividend rate was hiked by 4.8% in May 2021. The company expects free cash flow conversion of 70-80% and plans to buy back 2% of its outstanding shares for fiscal 2022.
However, escalating costs and expenses have been a major concern for the company over time. In second-quarter fiscal 2022 (ended January 2022), its cost of sales increased 21.8% on a year-over-year basis. Also, its operating expenses rose 3.2%. In the quarter, its gross margin declined 210 basis points year over year. For fiscal 2022, it expects high costs of raw materials, freight and labor, which is likely to adversely impact its margins and profitability.
Given the company’s extensive presence across international markets, its operations are subject to risks associated with unfavorable movements in foreign currencies and geopolitical issues. It anticipates foreign exchange headwinds to have an adverse impact of 2% on its sales in fiscal 2022.
Image Source: Zacks Investment Research
In the past three months, this Zacks Rank #3 (Hold) stock has lost 9.5% compared with the industry’s decline of 12.3%.
Stocks to Consider
Some better-ranked companies from the Zacks Industrial Products sector are discussed below.
Tetra Tech, Inc. TTEK presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 9.7%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Tetra Tech’s earnings estimates have been increased 2.1% for fiscal 2022 (ending September 2022) in the past 30 days. Its shares have lost 18.4% in the past three months.
Energy Recovery, Inc. ERII presently has a Zacks Rank #2. Its earnings surprise in the last four quarters was 170%, on average.
In the past 30 days, Energy Recovery’s earnings estimates have been increased 12.8% for 2022. ERII’s shares have lost 8.4% in the past three months.
Ferguson plc FERG presently carries a Zacks Rank #2. Its earnings surprise in the last reported quarter was 11.6%.
In the past 30 days, Ferguson’s earnings estimates have been stable for fiscal 2022 (ending July 2022). FERG’s shares have lost 22% in the past three months.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tetra Tech, Inc. (TTEK): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Energy Recovery, Inc. (ERII): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI stands to gain from its solid product portfolio, growth investments and focus on operational execution and innovation. DCI remains focused on rewarding shareholders through dividend payouts and share buyback programs. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI stands to gain from its solid product portfolio, growth investments and focus on operational execution and innovation. DCI remains focused on rewarding shareholders through dividend payouts and share buyback programs. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI stands to gain from its solid product portfolio, growth investments and focus on operational execution and innovation. DCI remains focused on rewarding shareholders through dividend payouts and share buyback programs. | Donaldson Company, Inc. DCI stands to gain from its solid product portfolio, growth investments and focus on operational execution and innovation. DCI remains focused on rewarding shareholders through dividend payouts and share buyback programs. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | eb3a3059-c767-4a11-945b-1feaf3a6abdb |
709678.0 | 2022-05-11 00:00:00 UTC | Sharps Compliance (SMED) Reports Q3 Loss, Tops Revenue Estimates | DCI | https://www.nasdaq.com/articles/sharps-compliance-smed-reports-q3-loss-tops-revenue-estimates | nan | nan | Sharps Compliance (SMED) came out with a quarterly loss of $0.01 per share versus the Zacks Consensus Estimate of $0.04. This compares to earnings of $0.40 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -125%. A quarter ago, it was expected that this medical waste management company would post earnings of $0.08 per share when it actually produced earnings of $0.07, delivering a surprise of -12.50%.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Sharps Compliance, which belongs to the Zacks Pollution Control industry, posted revenues of $17.58 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 5.48%. This compares to year-ago revenues of $27.53 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Sharps Compliance shares have lost about 39.8% since the beginning of the year versus the S&P 500's decline of -16.1%.
What's Next for Sharps Compliance?
While Sharps Compliance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Sharps Compliance: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $16.94 million in revenues for the coming quarter and $0.12 on $66.27 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. The results are expected to be released on June 1.
This maker of filtration systems is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of +9.1%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Donaldson's revenues are expected to be $831.18 million, up 8.7% from the year-ago quarter.
Special Report: The Top 5 IPOs for Your Portfolio
Today, you have a chance to get in on the ground floor of one of the best investment opportunities of the year. As the world continues to benefit from an ever-evolving internet, a handful of innovative tech companies are on the brink of reaping immense rewards - and you can put yourself in a position to cash in. One is set to disrupt the online communication industry. Brilliantly designed for creating online communities, this stock is poised to explode when made public. With the strength of our economy and record amounts of cash flooding into IPOs, you don’t want to miss this opportunity.
>>See Zacks’ Hottest IPOs Now
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sharps Compliance Corp (SMED): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Sharps Compliance, which belongs to the Zacks Pollution Control industry, posted revenues of $17.58 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 5.48%. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Sharps Compliance, which belongs to the Zacks Pollution Control industry, posted revenues of $17.58 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 5.48%. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. | 53fe6970-3bac-4d43-9fb9-5aa517a311a5 |
709679.0 | 2022-05-10 00:00:00 UTC | CECO Environmental (CECE) Q1 Earnings and Revenues Top Estimates | DCI | https://www.nasdaq.com/articles/ceco-environmental-cece-q1-earnings-and-revenues-top-estimates | nan | nan | CECO Environmental (CECE) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.06 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 133.33%. A quarter ago, it was expected that this maker of air pollution controls and industrial ventilation systems would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of 11.11%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
CECO, which belongs to the Zacks Pollution Control industry, posted revenues of $92.44 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 11.25%. This compares to year-ago revenues of $71.89 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on theearnings call
CECO shares have lost about 31.8% since the beginning of the year versus the S&P 500's decline of -16.3%.
What's Next for CECO?
While CECO has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for CECO: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.11 on $89.51 million in revenues for the coming quarter and $0.46 on $365.24 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Pollution Control is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. The results are expected to be released on June 1.
This maker of filtration systems is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of +9.1%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Donaldson's revenues are expected to be $831.18 million, up 8.7% from the year-ago quarter.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
CECO Environmental Corp. (CECE): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on theearnings call CECO shares have lost about 31.8% since the beginning of the year versus the S&P 500's decline of -16.3%. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report CECO, which belongs to the Zacks Pollution Control industry, posted revenues of $92.44 million for the quarter ended March 2022, surpassing the Zacks Consensus Estimate by 11.25%. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report CECO Environmental (CECE) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.06 per share. | Another stock from the same industry, Donaldson (DCI), has yet to report results for the quarter ended April 2022. Donaldson Company, Inc. (DCI): Free Stock Analysis Report CECO Environmental (CECE) came out with quarterly earnings of $0.14 per share, beating the Zacks Consensus Estimate of $0.06 per share. | 8c324945-4d97-4ff7-9dd8-d4577f39089a |
709680.0 | 2022-05-03 00:00:00 UTC | Carlisle (CSL) Q1 Earnings & Revenues Surpass Estimates | DCI | https://www.nasdaq.com/articles/carlisle-csl-q1-earnings-revenues-surpass-estimates | nan | nan | Carlisle Companies Incorporated CSL reported impressive first-quarter 2022 results wherein both the bottom and the top line surpassed the Zacks Consensus Estimate.
CSL’s shares gained 0.1% on Monday, ending the trading session at $259.51.
Carlisle’s adjusted earnings were $4.26 per share, beating the consensus estimate of $2.54 by 67.7%. The bottom line increased 59.6% on a year-over-year basis, supported by higher sales, partially offset by a rise in corporate expense.
Image Source: Zacks Investment Research
In the past three months, CSL's shares have decreased 18.3% compared with the industry’s decline of 11.1%.
Inside the Headlines
In the reported quarter, Carlisle’s revenues came in at $1,496.3 million, up 59.0% year over year. This increase was attributable to a 44.8% rise in organic revenues and a 14.7% benefit from acquired assets, partially offset by an adverse impact of 0.5% from adverse changes in foreign exchange rates.
The top line surpassed the Zacks Consensus Estimate of $1,338 million by 11.9%.
CSL reports results under four segments, namely Carlisle Construction Materials (CCM), Carlisle Weatherproofing Technologies (CWT), Carlisle Interconnect Technologies (CIT) and Carlisle Fluid Technologies (CFT).
The quarterly segmental results are briefly discussed below.
Revenues from CCM totaled $ 881.1 million, increasing 58.4% year over year. It represented 58.8% of the total revenues. Organic revenues grew 58.9% on the back of strong demand for U.S. commercial roofing, price and strength across all product lines.
CWT revenues, representing 24% of total revenues, were $359.1 million, up 120.4% year over year. The increase was driven by 36.0% growth in organic revenues on account of price, Henry's acquisition and strength in the product lines.
CIT revenues, accounting for 12.5% of total revenues, were $185.0 million, up 18.7% (all organic) year over year. The increase was driven by improving aerospace and medical end markets.
CFT revenues, reflecting 4.7% of total revenues, were $71.1 million, up 8.1% year over year. Organic revenues increased 9.9% on account of strength in its businesses and a solid price realization.
Carlisle Companies Incorporated Price, Consensus and EPS Surprise
Carlisle Companies Incorporated price-consensus-eps-surprise-chart | Carlisle Companies Incorporated Quote
Operating Margin Details
In the reported quarter, Carlisle’s cost of sales increased 44.5% to $1,005.4 million. It represented 67.2% of net sales compared with 74% a year ago.
Selling and administrative expenses increased 34.6% to $ 203 million. The same represented 13.6% of net sales compared with 16% in the year-ago quarter. Research and development expenses totaled $12.3 million, up 18.3%.
Operating income was $ 277.3 million, up from $ 84.7 million year over year, while margin increased 900 basis points to 18.5%.
Balance Sheet and Cash Flow
Exiting the first quarter, Carlisle had cash and cash equivalents of $291.7 million compared with $324.4 million at the end of the previous quarter. Long-term debt (including current portion) was $2,928.8 million, up from $2,927.4 million sequentially.
In the first three months of 2022, the company generated net cash of $44.3 million from operating activities compared with $67.6 million in the year-ago period.
In the first quarter of 2022, Carlisle rewarded its shareholders with a dividend payout of $28.7 million, relatively stable year over year. Amount spent on buying back shares totaled $125 million, down 16.7%.
Outlook
In 2022, Carlisle expects revenue growth of about 30% from the year-ago reported figure in the CCM segment, driven by strength across the U.S. commercial roofing market and the Henry acquisition. 55-60% growth is anticipated in the CWT segment on the back of strong demand for product lines and the accretive Henry acquisition. Revenues from CIT and CFT segments are expected to increase in low-double digit and about 10%, respectively, on the back of strength in the markets.
Zacks Rank & Stocks to Consider
With a market capitalization of $13.5 billion, CSL currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks are discussed below:
Griffon Corporation GFF presently sports a Zacks Rank #1 (Strong Buy). Griffon’s earnings surprise in the last four quarters was 97%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, earnings estimates for GFF have increased 9% for fiscal 2022 (ending September 2022). The stock has inclined 4.1% in the past three months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 10.2% in the past three months.
Ferguson plc FERG is presently Zacks #2 Ranked. FERG’s earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 6.5% for fiscal 2022 (ending July 2022). The stock has declined 21% in the past three months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Carlisle Companies Incorporated (CSL): Free Stock Analysis Report
Griffon Corporation (GFF): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | 0b856547-a84d-420d-a9b0-bb8bafc7e04a |
709681.0 | 2022-05-02 00:00:00 UTC | Altra Industrial (AIMC) Q1 Earnings Beat, 2022 View Solid | DCI | https://www.nasdaq.com/articles/altra-industrial-aimc-q1-earnings-beat-2022-view-solid | nan | nan | Altra Industrial Motion Corp. AIMC reported impressive results for first-quarter 2022. AIMC’s earnings beat the Zacks Consensus Estimate by 28.2% while its sales surpassed the same by 4.2%.
Non-GAAP earnings in the quarter under review were 91 cents per share, beating the Zacks Consensus Estimate of 71 cents. The bottom line increased 5.8% from the year-ago figure of 86 cents, driven by investments in inventory and higher sales.
Image Source: Zacks Investment Research
In the past three months, the stock has declined 10.1% compared with the industry’s fall of 21.1%
Revenue Details
In the reported quarter, Altra Industrial’s revenues were $512 million, reflecting an increase of 8.4% from the year-ago number. Organic sales in the reported quarter expanded 7.9%, driven by healthy end-market businesses, including factory automation, specialty machinery, turf & garden, agriculture, construction and material handling. Foreign currency translation left a negative impact of 1.8%.
Also, Altra Industrial’s revenues surpassed the Zacks Consensus Estimate of $491 million.
On a geographical basis, AIMC’s organic sales expanded 13.4% year over year in North America and increased 17.7% in Europe. However, sales in the Asia Pacific/Rest of World decreased 18.3%.
Altra Industrial reports revenues under two heads, namely Automation & Specialty and Power Transmission Technologies. A brief snapshot of the segmental sales is provided below:
Revenues generated from Power Transmission Technologies amounted to $253.7 million, increasing 14.8% year over year. Organic sales in the quarter expanded 17.1% year over year.
Automation & Specialty’s sales were $259.2 million in the first quarter, up 2.8% from the year-ago reported quarter. Organic sales decreased 0.2% from the year-ago quarter’s level.
Altra Industrial Motion Corp. Price, Consensus and EPS Surprise
Altra Industrial Motion Corp. price-consensus-eps-surprise-chart | Altra Industrial Motion Corp. Quote
Margin Profile
In the reported quarter, Altra Industrial’s cost of sales increased 10.3% year over year to $331.4 million. Notably, the cost of sales represented 64.8% of net sales. Non-GAAP gross profit was $181.5 million, up 5.7% year over year. The gross margin (non-GAAP) decreased 90 basis points (bps) year over year to 35.5%.
Selling, general and administrative expenses (non-GAAP) increased 2.6% year over year to $73.8 million and represented 14.4% of net sales. Research and development expenses (non-GAAP) were $17.6 million compared with $15.9 million in the year-ago quarter.
Non-GAAP adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) were $103.1 million, the margin being 20.1%. The non-GAAP operating income in the reported quarter decreased 7.4% year over year to $90.1 million, with the non-GAAP operating margin decreasing 20 bps to 17.6 %.
Altra Industrial suffered the adverse impacts of inflation, labor shortages and supply-chain headwinds.
Net interest expenses totaled $11.3 million in the reported quarter, reflecting a decrease from $16.9 million in the year-ago quarter.
Balance Sheet and Cash Flow
Exiting the first quarter of 2022, Altra Industrial’s cash and cash equivalents were $183.7 million, decreasing 25.4% from $256.8 million recorded in the last reported quarter. Long-term debt was $1,390.7 million, reflecting a 0.7% decrease from $1,401 million in the last reported quarter.
In the first three months of 2022, AIMC repaid $2.5 million of borrowings under its term-loan facility and $5 million under the revolving credit facility. Altra Industrial didn’t borrow any amount from the term-loan facility and the revolving credit facility in the reported quarter.
In the first three months, AIMC used net cash of $24.9 million from operating activities compared with $36.2 million generated in the year-ago period. Capital invested in purchasing property, plant and equipment totaled $17.8 million, increasing 85.4% year over year. Non-GAAP free cash outflow (adjusted) was $42.7 million against $26.6 million cash inflow in the previous year’s quarter.
In the first three months, Altra Industrial paid out dividends amounting to $5.2 million, up from $3.9 million distributed in the year-ago quarter.
Two days ago, AIMC’s board of directors approved the payment of a quarterly cash dividend of 9 cents per share to its shareholders of record as of Jun 17, 2022. The disbursement will be made on Jul 6.
On the same day, Altra Industrial also announced that its board of directors approved a share repurchase program. With this, AIMC aims to repurchase shares of about $300 million by Dec 24, 2024.
Outlook
Altra Industrial believes that healthy demand, effective pricing and synergies from buyouts will be beneficial in the quarter ahead. However, supply-chain issues, along with inflation and labor problems, are concerning for the second quarter of 2022.
For 2022, AIMC anticipates sales of 1,900.5-$1,940.5 million. Organic sales growth is predicted to be 3-5%.
Non-GAAP earnings are expected to be $3.35-$3.50 and non-GAAP adjusted EBITDA is likely to be $388-$403 million. The tax rate is anticipated to be 21-23%.
Capital expenditure is likely to be $50-$55 million. Free cash flow (non-GAAP) is predicted to be $125-$140 million.
Zacks Rank & Stocks to Consider
With a market capitalization of $2.5 billion, AIMC currently carries a Zacks Rank #4 (Hold).
Some better-ranked companies from the industrial products sector are discussed below.
Roper Technologies, Inc. ROP presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 2%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, ROP’s earnings estimates have increased 0.8% for 2022. The stock has increased 1.9% in the past three months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 10.5% in the past three months.
Ferguson plc FERG is presently Zacks #2 Ranked. FERG’s earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, the stock’s earnings estimates have increased 6.5% for fiscal 2022 (ending July 2022). The same has declined 20.9% in the past three months.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | efd5f1d3-1f71-4917-acca-a4278ac7d2f3 |
709682.0 | 2022-04-29 00:00:00 UTC | Applied Industrial's (AIT) Q3 Revenues Surpass Estimates | DCI | https://www.nasdaq.com/articles/applied-industrials-ait-q3-revenues-surpass-estimates | nan | nan | Applied Industrial Technologies, Inc. AIT reported encouraging third-quarter fiscal 2022 (ended Mar 31, 2022) results. Sales beat the consensus estimate by 6.1%.
AIT’s adjusted earnings in the fiscal third quarter were $1.75 per share. The bottom line increased 27.7% from the year-ago figure of $1.37.
Revenue Details
In the reported quarter, Applied Industrial’s net sales amounted to $980.7 million, up 16.6% year over year. The results benefited from 14.7% growth in organic sales, 0.4% gains from acquisitions and a 1.6% upside from one extra selling day. The increase was partially offset by an adverse impact of 0.1% from foreign currency translation.
AIT’s top line surpassed the Zacks Consensus Estimate of $924 million.
Applied Industrial reports revenues under two market segments. A brief discussion on the quarterly results is provided below:
Service Center-Based Distribution’s revenues totaled $659 million, which contributed 68% to net revenues in the quarter under review. On a year-over-year basis, the segment’s revenues increased 15.1%. Organic sales grew 13.6% and one additional selling day had a positive impact of 1.6%. Foreign currency translation had a negative impact of 0.2%. Improvement in the top line was backed by the break-fix MRO activity and a ramp-up of sales process initiatives.
The Fluid Power & Flow Control segment generated revenues of $321.7 million, contributing 32% to net revenues in the reported quarter. The figure increased 20% year over year on the back of 17.1% growth in organic sales and a 1.3% gain from acquisitions. One additional selling day had a positive impact of 1.6%. Businesses flourished in the technology, life sciences, off-highway mobile, chemical and machinery markets.
Applied Industrial Technologies, Inc. Price, Consensus and EPS Surprise
Applied Industrial Technologies, Inc. price-consensus-eps-surprise-chart | Applied Industrial Technologies, Inc. Quote
Margin Profile
In the reported quarter, Applied Industrial’s cost of sales increased 16.8% year over year to $693.3 million. Cost of sales was 70.7% of the quarter’s net sales. Gross profit in the quarter grew 16.2% year over year to $287.3 million, while gross margin decreased 10 basis points (bps) to 29.4%.
Selling, distribution and administrative expenses (including depreciation) increased 10.8% year over year to $191.5 million. The same represented 19.5% of net sales in the reported quarter compared with 20.5% in the year-ago quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $108.6 million, reflecting growth of 25.1%. Margin increased 80 bps to 11.1%. Interest expenses declined 22.4% year over year to $5.9 million.
Balance Sheet & Cash Flow
Exiting the third quarter of fiscal 2022, Applied Industrial had cash and cash equivalents of $188.1 million, up 21.5% from $154.8 million recorded in the last reported quarter. Long-term debt was $681.2 compared with $681.3 million reported in the previous quarter.
In the nine months of fiscal 2022, AIT repaid long-term debts of $550.4 million compared with $82.1 million in the year-ago period. During the same period, Applied Industrial generated net cash of $133.8 million from operating activities, reflecting a decrease of 34.2% from the year-ago period’s level. Capital expenditures totaled $11.7 million, down 4.1% year over year. Free cash flow in the nine months of fiscal 2022 decreased 36.1% to $122.1 million.
In the nine months of fiscal 2022, Applied Industrial rewarded its shareholders with a dividend payout of $38.6 million. The amount represents growth of 2.1% year over year. Also, AIT repurchased shares worth $13.6 million in the same period. Exiting the third quarter of fiscal 2022, AIT is left to repurchase 317,960 shares.
Outlook
For fiscal 2022 (ending June 2022), Applied Industrial is expected to benefit from efficient inventory management, operational execution and margin initiatives. However, supply-chain constraints and inflationary issues are concerning.
Applied Industrial expects total revenues to increase 14.8-15.3% for fiscal 2022 (higher than 11.5-12.5% growth predicted earlier). Organic sales growth for the full fiscal is predicted to be 13.6-14.1%, higher than 10.5-11.5% growth guided earlier.
EBITDA margin is expected to be 10.5-10.6% (compared with 10.1-10.3% predicted earlier). Earnings per share are estimated to be $6.15-$6.25 for fiscal 2022 (compared with $5.70-$5.90 guided previously).
Zacks Rank & Stocks to Consider
AIT currently carries a Zacks Rank #3 (Hold). Some better-ranked companies from the industrial products sector are discussed below.
Roper Technologies, Inc. ROP presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 2%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, estimates for ROP earnings have increased 0.8% for 2022. The stock has increased 10.6% in the past three months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 8.8% in the past three months.
Ferguson plc FERG is presently Zacks #2 Ranked. FERG’s earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, the stock’s earnings estimates have increased 7% for fiscal 2022 (ending July 2022). The same has declined 19.7% in the past three months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Applied Industrial Technologies, Inc. (AIT): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | af20bcf6-3a6e-4c7f-8e87-3ac8d7a6400a |
709683.0 | 2022-04-28 00:00:00 UTC | Graco (GGG) Misses on Q1 Earnings & Sales, Faces Cost Woes | DCI | https://www.nasdaq.com/articles/graco-ggg-misses-on-q1-earnings-sales-faces-cost-woes | nan | nan | Graco Inc. GGG has reported lackluster first-quarter 2022 results. GGG’s earnings missed the Zacks Consensus Estimate by 9.5%. Its sales missed the same by 4.4%.
In the reported quarter, Graco’s adjusted earnings were 57 cents per share, missing the Zacks Consensus Estimate of 63 cents. The bottom line decreased 1.7% from the year-ago quarter’s figure of 58 cents, mainly due to lower sales. High costs and expenses were headwinds and hurt margins.
Revenue Details
In the quarter under review, GGG’s net sales were $494.3 million, reflecting year-over-year growth of 9%. Results were driven by solid segmental performances. Volume growth and effective pricing contributed to sales growth.
Graco’s top line missed the Zacks Consensus Estimate of $517 million.
On a regional basis, quarterly sales generated from the Americas grew 11% to $293 million. In the Europe, the Middle East and Africa region, sales were $106 million, decreasing 4% year over year (or up 2% at constant currency rate), while sales from the Asia Pacific were $95 million, increasing 20% (or up 22% at constant currency rate).
Graco reports net sales under three segments, namely Industrial, Process and Contractor. The segmental information is briefly discussed below:
Revenues for the Industrial segment totaled $144.7 million (contributing to 29.3% of the quarter’s sales), rising 11% year over year on the back of improved economic activities. Adverse foreign-currency translations lowered sales by 3%. Core sales grew 14% year over year.
Revenues in the Process segment grossed $115.0 million (contributing to 23.3% of the quarter’s sales), increasing 26% year over year. The improvement came on the back of a 26% rise in core sales, driven by healthy business activities across all regions served.
Revenues in the Contractor segment totaled $234.6 million (contributing to 47.4% of the quarter’s sales), up 1% year over year. Core sales expanded 1%, acquisitions had a positive impact of 1% but foreign currency translation had a negative impact of 1%. The core sales improvement was driven by healthy demand in the Asia Pacific and EMEA regions. Also, improved construction markets boosted business in North America.
It is worth noting that Graco started reporting its high-performance coatings and foam product offerings under the Contractor segment starting first-quarter 2022. Earlier, these businesses were reported under the Industrial Segment’s Applied Fluid Technologies division.
Graco Inc. Price, Consensus and EPS Surprise
Graco Inc. price-consensus-eps-surprise-chart | Graco Inc. Quote
Margin Profile
In the first quarter, Graco’s cost of sales grew 15.9% year over year to $240 million. GGG represented 48.6% of the quarter’s net sales compared with 45.6% in the year-ago quarter. The gross profit increased 2.8% to $254 million, while the margin was down 300 basis points (bps) to 51.4%. The margin weakness was triggered by a product cost increase, caused by inflationary and supply-chain woes. This was partially offset by a higher production volume and a favorable channel and product mix plus price realization.
Operating expenses (including product development; selling, marketing and distribution; and general and administrative expenses) increased 6% year over year to $44 million. The same represented 8.9% of net sales in the reported quarter compared with 8.1% in the year-ago period.
Adjusted operating income was flat year over year with $128 million. The operating margin decreased 230 bps to 25.9% in the quarter. Interest expenses in the quarter totaled $5.2 million compared with $2.4 million reported in the year-ago period. Adjusted tax rate in the quarter was 19%.
Balance Sheet and Cash Flow
Exiting the first quarter, Graco had cash and cash equivalents of $380 million, down 39.1% from $624 million at the end of the last reported quarter. The long-term debt balance was flat sequentially with $75 million.
Graco generated net cash of $31 million from operating activities in the first three months of 2022 compared with $102 million generated in the year-ago period. Capital used for purchasing property, plant and equipment totaled $47 million compared with $21 million in the year-ago period.
GGG paid out dividends worth $36 million to its shareholders in the first three months of 2022, up 12.5% from the previous-year quarter’s level. Graco repurchased shares worth $109 million in the first three months of 2022.
Outlook
Graco expects healthy demand across regions and segments in 2022. Effective pricing actions will be beneficial.
For 2022, GGG anticipates organic sales growth (on constant currency basis) in the high-single digit.
Graco expects capital expenditure of $190 million, including $140 million for the expansion of facilities. Corporate expenses (unallocated) are estimated to be $30-$32 million. The unfavorable impacts of movements in foreign currencies are expected to lower sales by 2% and earnings by 4% in the year.
The effective tax rate for the year is predicted to be 18-19%.
Zacks Rank & Stocks to Consider
With a market capitalization of $11.1 billion, GGG currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies from the industrial products sector are discussed below.
Roper Technologies, Inc. ROP presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 2%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, earnings estimates for ROP have increased 0.2% for 2022. The stock has increased 10.8% in the past three months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 8.5% in the past three months.
Ferguson plc FERG is presently Zacks #2 Ranked. FERG’s earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, the stock’s earnings estimates have increased 7% for fiscal 2022 (ending July 2022). The same has declined 18.8% in the past three months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Graco Inc. (GGG): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | 3b4c541e-9361-4fd0-b803-674e5981c7b7 |
709684.0 | 2022-04-28 00:00:00 UTC | Allegion (ALLE) Q1 Earnings Top Estimates, 2022 View Solid | DCI | https://www.nasdaq.com/articles/allegion-alle-q1-earnings-top-estimates-2022-view-solid | nan | nan | Allegion plc ALLE reported better-than-expected results for first-quarter 2022. ALLE’s earnings surpassed the Zacks Consensus Estimate by 8.1% and sales beat the same by 4%.
Adjusted earnings in the quarter under review were $1.07 per share, surpassing the Zacks Consensus Estimate of 99 cents. However, the bottom line declined 10.8% from the year-ago figure of $1.20, as supply-chain woes, and shortages of electronics and other parts adversely impacted sales. High costs and expenses added to the woes.
Revenue Details
In the quarter under review, Allegion’s revenues were $723.6 million, reflecting growth of 4.2% from the year-ago quarter’s figure. Organic sales in the quarter increased 6.4%, while forex woes left an adverse impact of 1.9%. Acquisitions/divestitures lowered sales 0.3%. Allegion’s revenues surpassed the Zacks Consensus Estimate of $696 million.
The company reported revenues under two segments. A brief discussion on the quarterly results is provided below:
Revenues from Allegion Americas increased 5.9% year over year to $528.2 million. ALLE accounted for 73% of the quarter’s sales. Lower sales from the residential business were partially offset by gains in the non-residential business. Supply-chain constraints, and electronics and other parts’ shortages were spoilsports in the quarter.
Organic sales increased 5.9% year over year.
Revenues from Allegion International were $195.4 million in the quarter and flat year over year. The metric accounted for 27% of the quarter’s sales.
Organic sales increased 7.6% year over year while foreign currency translation had a negative impact of 6.8% on sales.
Allegion PLC Price, Consensus and EPS Surprise
Allegion PLC price-consensus-eps-surprise-chart | Allegion PLC Quote
Margin Profile
In the reported quarter, Allegion’s cost of sales grew 9.6% year over year to $ 434.9 million. The cost of sales was 60.1% of the quarter’s net sales. The gross profit decreased 2.9% year over year to $ 288.7 million, while the gross margin contracted 293 basis points (bps) to 39.9%.
Selling and administrative expenses increased 3.4% year over year to $171.7million. The metric represented 23.7% of net sales in the reported quarter compared with 23.9% in the year-ago period. Adjusted earnings before interest, tax, depreciation and amortization were $141.9 million, reflecting a year-over-year decrease of 7.9%. Margin decreased 260 bps year over year to 19.6%.
The adjusted operating income in the quarter decreased 8.6% year over year to $122.5 million. The adjusted margin was 16.9%, down from 19.3% a year ago. The results suffered cost inflation related to material, freight, incremental investments and operational inefficiencies. This was partially offset by the impacts of volume leverage.
Interest expenses were $11.9 million, down 3.3% year over year. The effective tax rate in the quarter was 13.2%, up from 11.7% in the year-ago quarter.
Balance Sheet and Cash Flow
Exiting the first quarter, Allegion had cash and cash equivalents of $305.1 million, down 23.3% from $397.9 million at the end of the previous quarter. Long-term debt decreased 0.2% to $1,426.8 million from $1,429.5 million in the previous quarter.
In the first three months of 2022, ALLE generated net cash of $20.5 million from operating activities, decreasing 81.7% from the previous year’s level. Capital expenditure was $8.7 million, increasing 38.1% year over year. The free cash flow was $11.8 million for the first three months of 2022.
In the first three months of the year, Allegion repurchased 0.5 million shares for $61.0 million, decreasing 59.3% year over year. Dividends paid out in the year totaled $35.8 million, reflecting an increase of 10.2% from the previous-year quarter’s level.
Outlook
For 2022, Allegion anticipates benefiting from strengthening end-market demand and margin improvements. Effective pricing actions will be helpful throughout the year. On a sequential basis, ALLE expects improvements in revenues, margins and earnings.
Allegion adjusted its full-year revenue growth to 7.5-9%, from the earlier issued projection of 6-7.5%. Organic sales are expected to rise 8.5-10%. Adjusted earnings are likely to be $5.55-$5.75 per share. Incremental investment is expected to be 15-20 cents per share. Free cash flow for the year is anticipated to be $470-$490 million. The tax rate in the year is expected to be 13%.
Zacks Rank & Stocks to Consider
With a market capitalization of $10.2 billion, ALLE currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies from the industrial products sector are discussed below.
Roper Technologies, Inc. ROP presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 2%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, earnings estimates for ROP earnings have increased 0.2% for 2022. The stock has increased 8.6% in the past three months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 9.5% in the past three months.
Ferguson plc FERG is presently Zacks #2 Ranked. FERG’s earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, the stock’s earnings estimates have increased 7% for fiscal 2022 (ending July 2022). The same has declined 20.7% in the past three months.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
Today, See These 5 Potential Home Runs >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Allegion PLC (ALLE): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | 2adfcdff-8d23-4103-ae1c-298eca56a79d |
709685.0 | 2022-04-26 00:00:00 UTC | Roper's (ROP) Q1 Earnings and Revenues Surpass Estimates | DCI | https://www.nasdaq.com/articles/ropers-rop-q1-earnings-and-revenues-surpass-estimates | nan | nan | Roper Technologies, Inc. ROP reported better-than-expected first-quarter 2022 results, with earnings and sales surpassing estimates by 2.2% and 3%, respectively.
ROP’s adjusted earnings in the first quarter were $3.77 per share, surpassing the Zacks Consensus Estimate of $3.69. On a year-over-year basis, earnings expanded 4.7% from $3.60 on the back of a healthy sales generation, partially offset by higher costs and expenses.
Revenue Details
In the reported quarter, Roper’s net revenues amounted to $1,527 million, up 11% year over year. Adjusted revenues also increased 11% year over year to $1,527 million. Organic sales in the quarter increased 11% and acquisitions/divestitures increased 1%. However, movement in foreign currency translation had an adverse impact of 1%.
Roper’s top line beat the Zacks Consensus Estimate of $1,482 million.
ROP reports revenues under four segments. A brief discussion on the quarterly results is provided below:
Application Software’s revenues totaled $631.5 million, representing 41.4% of the quarter’s top line. On a year-over-year basis, the segment’s revenues expanded 9.5%. Organic sales in the quarter increased 9%.
Network Software & Systems generated revenues of $368.7 million, accounting for 24.1% of first-quarter revenues. The top line grew 17.3% year over year. Organic sales in the quarter increased 16%.
Measurement & Analytical Solutions generated revenues of $392.4 million, accounting for 25.7% of the quarter’s revenues. Sales increased 6.2% year over year. Organic sales in the quarter increased 7%.
Process Technologies generated revenues of $134 million, accounting for 8.8% of the quarter’s revenues. Sales were up 15.8% year over year. Organic sales in the quarter grew 18%.
Roper Technologies, Inc. Price, Consensus and EPS Surprise
Roper Technologies, Inc. price-consensus-eps-surprise-chart | Roper Technologies, Inc. Quote
Margin Profile
In the reported quarter, Roper’s cost of sales increased 12.8% year over year to $496.5 million. Cost of sales was 32.5% of the quarter’s net sales. Gross profit in the quarter grew 10.1% to $1,030.1 million, while gross margin decreased 54 basis points (bps) year over year to 67.5%.
Selling, general and administrative expenses increased 8.5% to $609.0 million. The same represented 39.9% of net sales in the reported quarter. Adjusted earnings before interest, tax, depreciation and amortization (EBITDA) were $577 million, reflecting year-over-year growth of 8%. Margin decreased 90 bps to 37.8%. Interest expenses fell 13.2% year over year to $52.6 million.
Balance Sheet & Cash Flow
Exiting first-quarter 2022, Roper had cash and cash equivalents of $3,237.5 million, up from $351.5 million recorded in the last reported quarter. Long-term debt decreased 6.6% sequentially to $6,654.8 million.
In the first three months of 2022, ROP’s repayment under the revolving line of credit was $470.0 million.
Roper generated net cash of $475.3 million from operating activities in the first three months of 2022, reflecting a decline of 15.1% from the year-ago level. Capital expenditure totaled $7.1 million, same as the year-ago figure.
ROP rewarded its shareholders with a dividend payout of $65.3 million in the first three months of 2022. The amount represents growth from $58.8 million distributed in the first quarter of 2021.
Important Event
In the first quarter of 2022, Roper divested its TransCore business, in sync with its strategy of restructuring the business portfolio.
Outlook
For 2022, Roper predicts earnings from continuing operations of $15.50-$15.75 per share, higher than $15.25-$15.55 projected earlier. For the full year, organic sales are expected to increase 7-9% year over year, higher than the previous estimation of 6-8%.
For the second quarter of 2022, ROP’s earnings from continuing operations are expected to be $3.80-$3.84.
Zacks Rank & Stocks to Consider
ROP currently carries a Zacks Rank #3 (Hold).
Some better-ranked companies from the industrial products sector are discussed below.
Nordson Corporation NDSN presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 9.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, earnings estimates for NDSN earnings have increased 0.3% for fiscal 2022 (ending October 2022). The stock has slipped 0.5% in the past three months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 5.9% in the past three months.
Ferguson plc FERG is presently Zacks #2 Ranked. FERG’s earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, the stock’s earnings estimates have increased 7% for fiscal 2022 (ending July 2022). The same has declined 14.7% in the past three months.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | f0076e7b-39e8-45d4-ac79-7eb7c47214dd |
709686.0 | 2022-04-26 00:00:00 UTC | Crane (CR) Beats on Q1 Earnings, Alters GAAP EPS View | DCI | https://www.nasdaq.com/articles/crane-cr-beats-on-q1-earnings-alters-gaap-eps-view | nan | nan | Crane Co. CR kept its earnings beat streak alive in the first quarter of 2022, thus delivering better-than-expected results for the fifth consecutive quarter. The quarterly earnings surpassed the Zacks Consensus Estimate by 7.7%. Sales surprise is 0.7%.
Adjusted earnings were $1.81 per share, surpassing the Zacks Consensus Estimate of $1.68. The bottom line expanded 9% from the year-ago quarter’s figure of $1.66. Sales growth and margin expansion drove the quarterly performance.
Revenue Details
In the quarter, Crane’s net sales were $801 million, reflecting growth of 3% from the year-ago quarter’s reading. Results reflect the strength in Crane’s core businesses.
The quarterly net sales surpassed the Zacks Consensus Estimate of $796 million.
Crane reports net sales under three segments, namely Process Flow Technologies, Payment & Merchandising Technologies, and Aerospace & Electronics.
The segmental information is briefly discussed below:
Revenues from Process Flow Technologies (representing 38.8% of the quarter’s total revenues) were $311 million, reflecting growth of 8% from the year-ago quarter’s tally. Results benefited from a gain of 10% in organic sales. However, movements in foreign currencies had an adverse impact of 2% on sales The segment’s order backlog was $372.4 million in the reported quarter, reflecting sequential growth of 4.1%.
Revenues from Payment & Merchandising Technologies (representing 41.6% of the quarter’s total revenues) totaled $333 million, decreasing 1% year over year due to a 3% downward movement in foreign currencies. Organic sales grew 1% from the year-ago quarter’s figure. The order backlog at the end of the reported quarter was $429 million, down 2.1% sequentially.
Revenues from the Aerospace & Electronics segment (representing 19.6% of the quarter’s total revenues) were $157 million, increasing 2% year over year. The order backlog at the end of the quarter was $508.4 million, up 10.6%, sequentially.
Crane Co. Price, Consensus and EPS Surprise
Crane Co. price-consensus-eps-surprise-chart | Crane Co. Quote
Margin Profile
In the first quarter, Crane’s cost of sales of $473.8 million reflected a 0.7% increase from the year-ago quarter’s number. The metric represented 59.1% of net sales compared with 60.4% in the year-ago quarter. Selling, general and administrative expenses increased 14.6% to 193.7 million. The same represented 24.2% of net sales compared with 21.7% in the year-ago quarter.
Adjusted operating income in the first quarter increased 10% year over year to $141 million, while margin expanded 110 basis points to 17.6%. Operating results gained from a favorable mix and higher volumes. Interest expenses, net, in the reported quarter were $11.1 million, down 18.4% year over year.
Balance Sheet and Cash Flow
Exiting the first quarter, Crane had cash and cash equivalents of $307.2 million, down 35.8% from $478.6 million at the end of the fourth quarter of 2021. The long-term debt balance was $842.7 million, compared with the previous quarter’s $842.4 million.
In the first three months of 2022, Crane made no repayment of commercial paper (maturity >90 days).
In the first three months of 2022, CR used net cash of $49.3 million from operating activities, compared with $47.6 million generated in the year-ago-period. Capital expenditure was $12.5 million, higher than $4.7 million spent in the previous year. Free cash outflow was $61.8 million, compared with 42.9 million free cash flow generated in the year ago period.
Shareholder-Friendly Policy
In first-quarter 2022, Crane used $26.7 million for paying out dividends, up 6.8% from the year-ago quarter’s level. Share reacquisitions in the quarter amounted to $175.8 million. It is worth noting that CR completed the previously announced share repurchase program worth $300 million in April 2022.
Concurrent with the earnings release, Crane announced a dividend of 47 cents per share for the second quarter of 2022. CR will pay out the dividend on Jun 8, 2022, to its shareholders of record as of May 31, 2022.
2022 Outlook
Crane adjusted its full-year GAAP earnings from continued operations to $6.35-$6.75 from the earlier issued projection of $6.85-$7.25. Management anticipates adjusted earnings per share of $7.00-$7.40 (excluding special items) for the year.
CR expects an operating cash flow of $410-$450 million and a capital expenditure of $60 million for 2022. Free cash flow is projected to be $350-$390 million.
Zacks Rank & Stocks to Consider
With a market capitalization of $5.9 billion, Crane currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks are discussed below:
Griffon Corporation GFF presently sports a Zacks Rank #1 (Strong Buy). GFF’s earnings surprise in the last four quarters was 56.7%, on average. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, GFF’s earnings estimates have increased 9% for fiscal 2022 (ending September 2022). The stock has declined 17.1% in the past three months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 5.9% in the past three months.
Ferguson plc FERG is presently Zacks #2 Ranked. FERG’s earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, the stock’s earnings estimates have increased 7% for fiscal 2022 (ending July 2022). The same has declined 14.7% in the past three months.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.
See 3 crypto-related stocks now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Crane Co. (CR): Free Stock Analysis Report
Griffon Corporation (GFF): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | da43f545-a5ec-43e6-a571-0cb6d1f7fa25 |
709687.0 | 2022-04-25 00:00:00 UTC | DCI or CWST: Which Is the Better Value Stock Right Now? | DCI | https://www.nasdaq.com/articles/dci-or-cwst%3A-which-is-the-better-value-stock-right-now-0 | nan | nan | Investors interested in Pollution Control stocks are likely familiar with Donaldson (DCI) and Casella (CWST). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.
Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits.
Currently, Donaldson has a Zacks Rank of #2 (Buy), while Casella has a Zacks Rank of #3 (Hold). This means that DCI's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is just one factor that value investors are interested in.
Value investors also tend to look at a number of traditional, tried-and-true figures to help them find stocks that they believe are undervalued at their current share price levels.
The Value category of the Style Scores system identifies undervalued companies by looking at a number of key metrics. These include the long-favored P/E ratio, P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that help us determine a company's fair value.
DCI currently has a forward P/E ratio of 19.03, while CWST has a forward P/E of 84.77. We also note that DCI has a PEG ratio of 1.81. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. CWST currently has a PEG ratio of 5.98.
Another notable valuation metric for DCI is its P/B ratio of 5.69. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, CWST has a P/B of 10.28.
Based on these metrics and many more, DCI holds a Value grade of B, while CWST has a Value grade of D.
DCI stands above CWST thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DCI is the superior value option right now.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Casella Waste Systems, Inc. (CWST): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | This means that DCI's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. Investors interested in Pollution Control stocks are likely familiar with Donaldson (DCI) and Casella (CWST). DCI currently has a forward P/E ratio of 19.03, while CWST has a forward P/E of 84.77. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Investors interested in Pollution Control stocks are likely familiar with Donaldson (DCI) and Casella (CWST). This means that DCI's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. | Investors interested in Pollution Control stocks are likely familiar with Donaldson (DCI) and Casella (CWST). Based on these metrics and many more, DCI holds a Value grade of B, while CWST has a Value grade of D. DCI stands above CWST thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DCI is the superior value option right now. This means that DCI's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. | Based on these metrics and many more, DCI holds a Value grade of B, while CWST has a Value grade of D. DCI stands above CWST thanks to its solid earnings outlook, and based on these valuation figures, we also feel that DCI is the superior value option right now. Investors interested in Pollution Control stocks are likely familiar with Donaldson (DCI) and Casella (CWST). This means that DCI's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. | c59453c3-f4df-43d4-99e6-0e60ea0d8643 |
709688.0 | 2022-04-25 00:00:00 UTC | Zacks Industry Outlook Highlights Tetra Tech, Donaldson, Energy Recovery, and Heritage-Crystal Clean | DCI | https://www.nasdaq.com/articles/zacks-industry-outlook-highlights-tetra-tech-donaldson-energy-recovery-and-heritage | nan | nan | For Immediate Release
Chicago, IL – April 25, 2022 – Today, Zacks Equity Research discusses Tetra Tech, Inc. TTEK, Donaldson Co., Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI.
Industry: Pollution Control
Link: https://www.zacks.com/commentary/1905196/4-pollution-control-stocks-to-watch-amid-industry-challenges
Rising preference for alternative fuels, high costs related to frequent product upgrades, supply-chain woes and increased logistics and freight charges have marred the outlook of the Zacks Pollution Control industry. Also, the shortage of skilled labor in the United States has been a persistent concern for the industry participants.
However, the industry is benefiting from the growing pollution-related health concerns and efforts to adhere to pollution-related national and international norms, particularly in the emerging markets. Four companies, Tetra Tech, Inc., Donaldson Co., Inc., Energy Recovery, Inc. and Heritage-Crystal Clean, Inc., are likely to perform well.
About the Industry
The Zacks Pollution Control industry comprises companies that provide innovative filtration systems, replacement parts, solutions for managing medical wastes, energy recovery devices and other products. The products are primarily used in commercial, automotive repair, industrial, home healthcare, retail, construction, pharmaceutical and hospitality end markets. A few industry participants offer solutions to deal with industrial waste and commercial chemical products and technologies to tackle air pollution.
One of the companies also delivers services related to infrastructure, water, resource management, energy and others to government and commercial clients. The companies have increased investments in developing innovative technologies, improving customer and employee experience and supply-chain modernization programs.
What's Shaping the Future of Pollution Control Industry
Growing Popularity of Alternative Fuels: Higher utilization of alternative fuels for power generation to reduce dependency on coal in the United States and other developed countries across the world is restraining demand for industrial emission-abatement products and technologies. Factors like supportive government policies related to renewable energy, increase in renewable investments, reduction in the overall cost of generating renewable electricity and rapid adoption of electric vehicles (EV) have made the prospects of the industry players gloomy. Also, the introduction of fresh lockdown measures owing to the rise in COVID-19 cases in a few parts of Asia might put pressure on the demand environment for pollution-control equipment manufacturers.
Costs Related to Investments in Product Updates: Based on the guidelines of the pollution control boards in several countries, pollution-control equipment manufacturers are required to frequently update products and services. Such frequent investments often hurt the margins and profitability of industry participants. Also, the persistent supply-chain issues, inflation in raw material prices, logistics problems and rising freight charges are weighing on the profitability of several industry participants. The shortage of skilled workers in the United States has also been a persistent concern for the industry.
Stringent Government Regulations: Strong demand for pollution abatement technologies and services across manufacturing plants, owing to their adherence to industrial regulatory compliances, has been benefiting the industry participants. Thanks to the European Union's Industrial Emissions Directive in BAT Reference Documents (BREFs), several industry players continue to market pollution abatement technologies in European countries successfully. A surge in global demand for medical, pharmaceutical and hazardous waste management services is also boosting the prospects of some industry participants engaged in providing these services.
Industrialization: An increase in environmental management programs along with infrastructure development and rapid urbanization is creating a solid demand environment for the industry participants. Few industry players, including Tetra Tech, have been gaining from the increase in requirement for consulting and engineering services that focus on water, environment, sustainable infrastructure, energy and resource management.
Zacks Industry Rank Suggests Bleak Prospects
The Zacks Pollution Control industry is an 11-stock group within the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #157, which places it at the bottom 38% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bearish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are keeping less faith in this group's earnings growth potential. The industry's earnings estimates for 2022 have decreased 6.5% over the past year.
Before we discuss a few stocks from the industry, it's worth taking a look at the industry's shareholder returns and its current valuation.
Industry Underperforms S&P 500, Outperforms Sector
The Zacks Pollution Control industry has underperformed the S&P 500 but performed better than its sector in the past year. The stocks in the industry have collectively gained 1.4%, whereas the S&P 500 has risen 6.6%. The Zacks Industrial Products sector has declined 7.3% over the same time frame.
Pollution Control Industry's Valuation
Price/Earnings (P/E) ratio is commonly used for valuing pollution control stocks.
The industry currently has a forward 12-month P/E of 30.25X compared with the S&P 500's 21.61X. It is also trading above the sector's forward 12-month P/E of 21.28X.
Over the past five years, the industry has traded as high as 37.92X and as low as 20.29X, with a median of 26.36X.
4 Pollution Control Stocks to Watch
Below, we have discussed four stocks from the industry that possess the potential to sail through tough market conditions and have growth opportunities. The stocks carry a Zacks Rank #1 (Strong Buy), Zacks Rank #2 (Buy) or #3 (Hold). You can see the complete list of today's Zacks #1 Rank stocks here.
Tetra Tech: The Pasadena, CA-based company is a leading provider of consulting, construction management, engineering, program management and technical services. The Zacks Rank #3 company stands to benefit from strength across its businesses. Also, its strong backlog level, which was $3,448.3 million exiting first-quarter fiscal 2022 (ended December 2021), will likely be beneficial. However, the company has been dealing with high costs and expenses, which might affect its margins and profitability.
Shares of Tetra Tech have jumped 11.7% in the past year. The company surpassed earnings estimates in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 10.1%, on average. In the past 60 days, the Zacks Consensus Estimate for TTEK's earnings has been stable for both fiscal 2022 (ending September 2022) and fiscal 2023 (ending September 2023).
Donaldson: Based in Bloomington, MN, the company is engaged in manufacturing and selling filtration systems and replacement parts worldwide. The company stands to benefit from its diversified business structure, strong product portfolio, focus on innovation and growth investments. Strength across its aerospace & defense, off-road and aftermarket businesses, along with supply-chain optimization and growing e-commerce business, is likely to be beneficial over time.
Although the Zacks Rank #2 company's shares have declined 15.1% in the past year, it has gained 1.9% in the past month. It surpassed earnings estimates twice while missed and met estimates once each in the trailing four quarters. Donaldson pulled off a trailing four-quarter earnings surprise of 4.2%, on average. DCI's earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days.
Energy Recovery: Headquartered in San Leandro, CA, this Zacks Rank #3 company is a leading global developer and manufacturer of highly-efficient energy recovery devices utilized in the water desalination industry. The company is poised to benefit from strength in its desalination business, new product introductions and a strong pipeline of projects in the quarters ahead. However, high costs and expenses, along with supply-chain constraints, might put pressure on its margins and profitability.
The company's shares have lost 8.1% in the past year. However, it has gained 0.9% in the past month. It pulled off a trailing four-quarter earnings surprise of 113.3%, on average. ERII's earnings estimates have been stable for both 2022 and 2023 in the past 60 days.
Heritage-Crystal: Based in Elgin, IL, HCCI offers parts cleaning as well as hazardous and non-hazardous waste services to small and mid-sized customers in North America. The company is poised to benefit from strength in its oil and environmental services businesses. Synergistic gains from acquired assets are also likely to be beneficial. However, high operating costs and selling, general and administrative expenses remain concerning. HCCI presently sports a Zacks Rank #1.
In the past year, Heritage-Crystal's shares have jumped 3.3%. The company surpassed earnings estimates in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 51.5%, on average. The company's earnings estimates have increased 13.1% for 2022 in the past 60 days.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tetra Tech, Inc. (TTEK): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Energy Recovery, Inc. (ERII): Free Stock Analysis Report
HeritageCrystal Clean, Inc. (HCCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | For Immediate Release Chicago, IL – April 25, 2022 – Today, Zacks Equity Research discusses Tetra Tech, Inc. TTEK, Donaldson Co., Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI. DCI's earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | For Immediate Release Chicago, IL – April 25, 2022 – Today, Zacks Equity Research discusses Tetra Tech, Inc. TTEK, Donaldson Co., Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI. DCI's earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | For Immediate Release Chicago, IL – April 25, 2022 – Today, Zacks Equity Research discusses Tetra Tech, Inc. TTEK, Donaldson Co., Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI. DCI's earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | For Immediate Release Chicago, IL – April 25, 2022 – Today, Zacks Equity Research discusses Tetra Tech, Inc. TTEK, Donaldson Co., Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI. DCI's earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Donaldson Company, Inc. (DCI): Free Stock Analysis Report | cfd688bf-34c4-4b30-b93b-d61eee79a2a1 |
709689.0 | 2022-04-22 00:00:00 UTC | 4 Pollution Control Stocks to Watch Amid Industry Challenges | DCI | https://www.nasdaq.com/articles/4-pollution-control-stocks-to-watch-amid-industry-challenges | nan | nan | Rising preference for alternative fuels, high costs related to frequent product upgrades, supply-chain woes and increased logistics and freight charges have marred the outlook of the Zacks Pollution Control industry. Also, the shortage of skilled labor in the United States has been a persistent concern for the industry participants.
However, the industry is benefiting from the growing pollution-related health concerns and efforts to adhere to pollution-related national and international norms, particularly in the emerging markets. Four companies, Tetra Tech, Inc. TTEK, Donaldson Company, Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI, are likely to perform well.
About the Industry
The Zacks Pollution Control industry comprises companies that provide innovative filtration systems, replacement parts, solutions for managing medical wastes, energy recovery devices and other products. The products are primarily used in commercial, automotive repair, industrial, home healthcare, retail, construction, pharmaceutical and hospitality end markets. A few industry participants offer solutions to deal with industrial waste and commercial chemical products and technologies to tackle air pollution. One of the companies also delivers services related to infrastructure, water, resource management, energy and others to government and commercial clients. The companies have increased investments in developing innovative technologies, improving customer and employee experience and supply-chain modernization programs.
What's Shaping the Future of Pollution Control Industry
Growing Popularity of Alternative Fuels: Higher utilization of alternative fuels for power generation to reduce dependency on coal in the United States and other developed countries across the world is restraining demand for industrial emission-abatement products and technologies. Factors like supportive government policies related to renewable energy, increase in renewable investments, reduction in the overall cost of generating renewable electricity and rapid adoption of electric vehicles (EV) have made the prospects of the industry players gloomy. Also, the introduction of fresh lockdown measures owing to the rise in COVID-19 cases in a few parts of Asia might put pressure on the demand environment for pollution-control equipment manufacturers.
Costs Related to Investments in Product Updates: Based on the guidelines of the pollution control boards in several countries, pollution-control equipment manufacturers are required to frequently update products and services. Such frequent investments often hurt the margins and profitability of industry participants. Also, the persistent supply-chain issues, inflation in raw material prices, logistics problems and rising freight charges are weighing on the profitability of several industry participants. The shortage of skilled workers in the United States has also been a persistent concern for the industry.
Stringent Government Regulations: Strong demand for pollution abatement technologies and services across manufacturing plants, owing to their adherence to industrial regulatory compliances, has been benefiting the industry participants. Thanks to the European Union's Industrial Emissions Directive in BAT Reference Documents (BREFs), several industry players continue to market pollution abatement technologies in European countries successfully. A surge in global demand for medical, pharmaceutical and hazardous waste management services is also boosting the prospects of some industry participants engaged in providing these services.
Industrialization: An increase in environmental management programs along with infrastructure development and rapid urbanization is creating a solid demand environment for the industry participants. Few industry players, including Tetra Tech, have been gaining from the increase in requirement for consulting and engineering services that focus on water, environment, sustainable infrastructure, energy and resource management.
Zacks Industry Rank Suggests Bleak Prospects
The Zacks Pollution Control industry is an 11-stock group within the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #157, which places it at the bottom 38% of more than 250 Zacks industries.
The group's Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates bearish near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
The industry's positioning in the bottom 50% of the Zacks-ranked industries is a result of the negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are keeping less faith in this group's earnings growth potential. The industry's earnings estimates for 2022 have decreased 6.5% over the past year.
Before we discuss a few stocks from the industry, it's worth taking a look at the industry's shareholder returns and its current valuation.
Industry Underperforms S&P 500, Outperforms Sector
The Zacks Pollution Control industry has underperformed the S&P 500 but performed better than its sector in the past year. The stocks in the industry have collectively gained 1.4%, whereas the S&P 500 has risen 6.6%. The Zacks Industrial Products sector has declined 7.3% over the same time frame.
One-Year Price Performance
Pollution Control Industry's Valuation
Price/Earnings (P/E) ratio is commonly used for valuing pollution control stocks.
The industry currently has a forward 12-month P/E of 30.25X compared with the S&P 500’s 21.61X. It is also trading above the sector’s forward 12-month P/E of 21.28X.
Over the past five years, the industry has traded as high as 37.92X and as low as 20.29X, with a median of 26.36X, as the chart below shows.
Pollution Control Industry’s Valuation Versus S&P 500
Pollution Control Industry’s Valuation Versus Sector
4 Pollution Control Stocks to Watch
Below, we have discussed four stocks from the industry that possess the potential to sail through tough market conditions and have growth opportunities. The stocks carry a Zacks Rank #1 (Strong Buy), Zacks Rank #2 (Buy) or #3 (Hold). You can see the complete list of today’s Zacks #1 Rank stocks here.
Tetra Tech: The Pasadena, CA-based company is a leading provider of consulting, construction management, engineering, program management and technical services. The Zacks Rank #3 company stands to benefit from strength across its businesses. Also, its strong backlog level, which was $3,448.3 million exiting first-quarter fiscal 2022 (ended December 2021), will likely be beneficial. However, the company has been dealing with high costs and expenses, which might affect its margins and profitability.
Shares of Tetra Tech have jumped 11.7% in the past year. The company surpassed earnings estimates in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 10.1%, on average. In the past 60 days, the Zacks Consensus Estimate for TTEK's earnings has been stable for both fiscal 2022 (ending September 2022) and fiscal 2023 (ending September 2023).
Price and Surprise: TTEK
Donaldson: Based in Bloomington, MN, the company is engaged in manufacturing and selling filtration systems and replacement parts worldwide. The company stands to benefit from its diversified business structure, strong product portfolio, focus on innovation and growth investments. Strength across its aerospace & defense, off-road and aftermarket businesses, along with supply-chain optimization and growing e-commerce business, is likely to be beneficial over time.
Although the Zacks Rank #2 company’s shares have declined 15.1% in the past year, it has gained 1.9% in the past month. It surpassed earnings estimates twice while missed and met estimates once each in the trailing four quarters. Donaldson pulled off a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days.
Price and Consensus: DCI
Energy Recovery: Headquartered in San Leandro, CA, this Zacks Rank #3 company is a leading global developer and manufacturer of highly-efficient energy recovery devices utilized in the water desalination industry. The company is poised to benefit from strength in its desalination business, new product introductions and a strong pipeline of projects in the quarters ahead. However, high costs and expenses, along with supply-chain constraints, might put pressure on its margins and profitability.
The company’s shares have lost 8.1% in the past year. However, it has gained 0.9% in the past month. It pulled off a trailing four-quarter earnings surprise of 113.3%, on average. ERII’s earnings estimates have been stable for both 2022 and 2023 in the past 60 days.
Price and Surprise: ERII
Heritage-Crystal: Based in Elgin, IL, HCCI offers parts cleaning as well as hazardous and non-hazardous waste services to small and mid-sized customers in North America. The company is poised to benefit from strength in its oil and environmental services businesses. Synergistic gains from acquired assets are also likely to be beneficial. However, high operating costs and selling, general and administrative expenses remain concerning. HCCI presently sports a Zacks Rank #1.
In the past year, Heritage-Crystal's shares have jumped 3.3%. The company surpassed earnings estimates in each of the last four quarters. It delivered a trailing four-quarter earnings surprise of 51.5%, on average. The company's earnings estimates have increased 13.1% for 2022 in the past 60 days.
Price and Surprise: HCCI
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Tetra Tech, Inc. (TTEK): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Energy Recovery, Inc. (ERII): Free Stock Analysis Report
HeritageCrystal Clean, Inc. (HCCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Four companies, Tetra Tech, Inc. TTEK, Donaldson Company, Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI, are likely to perform well. DCI’s earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Price and Consensus: DCI Energy Recovery: Headquartered in San Leandro, CA, this Zacks Rank #3 company is a leading global developer and manufacturer of highly-efficient energy recovery devices utilized in the water desalination industry. | Four companies, Tetra Tech, Inc. TTEK, Donaldson Company, Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI, are likely to perform well. DCI’s earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Price and Consensus: DCI Energy Recovery: Headquartered in San Leandro, CA, this Zacks Rank #3 company is a leading global developer and manufacturer of highly-efficient energy recovery devices utilized in the water desalination industry. | Four companies, Tetra Tech, Inc. TTEK, Donaldson Company, Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI, are likely to perform well. DCI’s earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Price and Consensus: DCI Energy Recovery: Headquartered in San Leandro, CA, this Zacks Rank #3 company is a leading global developer and manufacturer of highly-efficient energy recovery devices utilized in the water desalination industry. | Four companies, Tetra Tech, Inc. TTEK, Donaldson Company, Inc. DCI, Energy Recovery, Inc. ERII and Heritage-Crystal Clean, Inc. HCCI, are likely to perform well. DCI’s earnings estimates have improved 0.7% for fiscal 2022 (ending Jul 31, 2022) and 2% for fiscal 2023 (ending Jul 31, 2023) in the past 60 days. Price and Consensus: DCI Energy Recovery: Headquartered in San Leandro, CA, this Zacks Rank #3 company is a leading global developer and manufacturer of highly-efficient energy recovery devices utilized in the water desalination industry. | b4a4e1f5-489c-4fa7-902d-7eac60266703 |
709690.0 | 2022-04-22 00:00:00 UTC | Peek Under The Hood: REGL Has 10% Upside | DCI | https://www.nasdaq.com/articles/peek-under-the-hood%3A-regl-has-10-upside | nan | nan | Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, we have compared the trading price of each holding against the average analyst 12-month forward target price, and computed the weighted average implied analyst target price for the ETF itself. For the ProShares S&P MidCap 400 Dividend Aristocrats ETF (Symbol: REGL), we found that the implied analyst target price for the ETF based upon its underlying holdings is $80.34 per unit.
With REGL trading at a recent price near $73.15 per unit, that means that analysts see 9.82% upside for this ETF looking through to the average analyst targets of the underlying holdings. Three of REGL's underlying holdings with notable upside to their analyst target prices are AptarGroup Inc. (Symbol: ATR), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Although ATR has traded at a recent price of $118.94/share, the average analyst target is 21.91% higher at $145.00/share. Similarly, MSA has 21.62% upside from the recent share price of $129.91 if the average analyst target price of $158.00/share is reached, and analysts on average are expecting DCI to reach a target price of $62.33/share, which is 18.21% above the recent price of $52.73. Below is a twelve month price history chart comparing the stock performance of ATR, MSA, and DCI:
Combined, ATR, MSA, and DCI represent 5.80% of the ProShares S&P MidCap 400 Dividend Aristocrats ETF. Below is a summary table of the current analyst target prices discussed above:
NAME SYMBOL RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
ProShares S&P MidCap 400 Dividend Aristocrats ETF REGL $73.15 $80.34 9.82%
AptarGroup Inc. ATR $118.94 $145.00 21.91%
MSA Safety Inc MSA $129.91 $158.00 21.62%
Donaldson Co. Inc. DCI $52.73 $62.33 18.21%
Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Do the analysts have a valid justification for their targets, or are they behind the curve on recent company and industry developments? A high price target relative to a stock's trading price can reflect optimism about the future, but can also be a precursor to target price downgrades if the targets were a relic of the past. These are questions that require further investor research.
10 ETFs With Most Upside To Analyst Targets »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Below is a twelve month price history chart comparing the stock performance of ATR, MSA, and DCI: Combined, ATR, MSA, and DCI represent 5.80% of the ProShares S&P MidCap 400 Dividend Aristocrats ETF. ProShares S&P MidCap 400 Dividend Aristocrats ETF REGL $73.15 $80.34 9.82% AptarGroup Inc. ATR $118.94 $145.00 21.91% MSA Safety Inc MSA $129.91 $158.00 21.62% Donaldson Co. Inc. DCI $52.73 $62.33 18.21% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? Three of REGL's underlying holdings with notable upside to their analyst target prices are AptarGroup Inc. (Symbol: ATR), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). | Three of REGL's underlying holdings with notable upside to their analyst target prices are AptarGroup Inc. (Symbol: ATR), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Below is a twelve month price history chart comparing the stock performance of ATR, MSA, and DCI: Combined, ATR, MSA, and DCI represent 5.80% of the ProShares S&P MidCap 400 Dividend Aristocrats ETF. ProShares S&P MidCap 400 Dividend Aristocrats ETF REGL $73.15 $80.34 9.82% AptarGroup Inc. ATR $118.94 $145.00 21.91% MSA Safety Inc MSA $129.91 $158.00 21.62% Donaldson Co. Inc. DCI $52.73 $62.33 18.21% Are analysts justified in these targets, or overly optimistic about where these stocks will be trading 12 months from now? | Similarly, MSA has 21.62% upside from the recent share price of $129.91 if the average analyst target price of $158.00/share is reached, and analysts on average are expecting DCI to reach a target price of $62.33/share, which is 18.21% above the recent price of $52.73. Three of REGL's underlying holdings with notable upside to their analyst target prices are AptarGroup Inc. (Symbol: ATR), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Below is a twelve month price history chart comparing the stock performance of ATR, MSA, and DCI: Combined, ATR, MSA, and DCI represent 5.80% of the ProShares S&P MidCap 400 Dividend Aristocrats ETF. | Three of REGL's underlying holdings with notable upside to their analyst target prices are AptarGroup Inc. (Symbol: ATR), MSA Safety Inc (Symbol: MSA), and Donaldson Co. Inc. (Symbol: DCI). Similarly, MSA has 21.62% upside from the recent share price of $129.91 if the average analyst target price of $158.00/share is reached, and analysts on average are expecting DCI to reach a target price of $62.33/share, which is 18.21% above the recent price of $52.73. Below is a twelve month price history chart comparing the stock performance of ATR, MSA, and DCI: Combined, ATR, MSA, and DCI represent 5.80% of the ProShares S&P MidCap 400 Dividend Aristocrats ETF. | 74e0c472-2c49-42dc-97e5-9c9352f6b99d |
709691.0 | 2022-04-20 00:00:00 UTC | Here's Why it is Worth Investing in MRC Global (MRC) Stock | DCI | https://www.nasdaq.com/articles/heres-why-it-is-worth-investing-in-mrc-global-mrc-stock | nan | nan | MRC Global Inc. MRC is well poised for growth, courtesy of strength across its businesses, shareholder policies, working capital efficiency and lucrative contract wins and projects.
Image Source: Zacks Investment Research
This Zacks Rank #2 (Buy) company has a market capitalization of $1.1 billion. In the past six months, the stock has appreciated 42.2% compared with the industry’s growth of 20.8%.
Let’s delve into the factors that make the company a smart choice at the moment.
Business Strength: MRC Global has been benefiting from its diversified business operations, which enable it to mitigate risks across one end market with strength across others. For 2022, the company anticipates double-digit percentage top-line growth for its gas utility sector, backed by new home construction activities. In the quarters ahead, MRC is expected to benefit from its focus on expanding market share and working capital efficiency.
Contracts & Projects: MRC intends to become more competent on contract wins and projects. Several contracts from nine of the 10 largest gas utilities in the United States will likely benefit its gas utility sector. Also, the company’s downstream, industrial and energy transition sectors are expected to benefit from contracts with some of the largest refiners in the United States. MRC Global generated 36% of its revenues from the automation, valve, measurement & instrumentation product line in 2021.
Rewards to Shareholders: It remains committed toward rewarding shareholders through dividend payouts. For instance, MRC Global paid out dividends worth $24 million in 2021. Improved cash positions will likely benefit the company over time.
Debt Reduction: The reduction of debt also remains MRC’s priority. It reduced its net debt and long-term debt by 15 million and 86 million, respectively in 2021.
In the past 60 days, the Zacks Consensus Estimate for its 2022 earnings has increased from 82 cents to 83 cents.
Other Stocks to Consider
Some other top-ranked stocks from the Zacks Industrial Products sector are discussed below.
Nordson Corporation NDSN presently has a Zacks Rank #2. Its earnings surprise in the last four quarters was 9.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, earnings estimates for NDSN earnings have increased 1.1% for fiscal 2022 (ending October 2022). The stock has declined 9.3% in the past six months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 13.6% in the past six months.
Ferguson plc FERG is presently Zacks #2 Ranked. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 8.3% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
MRC Global Inc. (MRC): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | 6c6e6fee-677e-4d75-ba16-b1dc67703f8a |
709692.0 | 2022-04-20 00:00:00 UTC | Ingersoll (IR) to Gain From Business Strength Amid Headwinds | DCI | https://www.nasdaq.com/articles/ingersoll-ir-to-gain-from-business-strength-amid-headwinds | nan | nan | Ingersoll Rand Inc. IR stands to benefit from solid demand for the company’s vacuum pumps, blowers and compressors, along with strength in its medical, dosatron and specialty businesses, in the quarters ahead. The company’s investments in the digital, Industrial Internet of Things (IIoT) and the e-commerce space are also likely to drive its performance. For 2022, it anticipates revenue to grow 11-13% on a year-over-year basis.
The company intends to strengthen and expand its businesses by adding assets. In December 2021, it acquired Tuthill Pump Group, which is expected to boost its pumping solution offerings. Some of the other notable buyouts made by the company in 2021 are Air Dimensions Inc. in October, Seepex in September, Maximus in August and Tuthill Vacuum and Blower Systems in February 2021. Buyouts positively impacted the company’s revenues by 6.3% in fourth-quarter 2021.
Ingersoll Rand remains committed to rewarding shareholders through dividend payouts and share buybacks. In 2021, the company paid dividends worth $8.2 million and repurchased shares worth $736.8 million. Also, in October 2021, it announced a new dividend program for its shareholders.
However, IR has been dealing with escalating costs and expenses over time. In fourth-quarter 2021, its costs of sales increased 20.4% year over year, while its selling and administrative expenses were up 15.2%. Inflation in logistics and direct material costs might affect its margins and profitability in the near term.
Ingersoll Rand’s international presence exposes it to headwinds arising from global political and economic risks as well as unfavorable movements in foreign currencies. For instance, foreign exchange headwinds adversely impacted its sales by 1.2% in the fourth quarter of 2021.
Image Source: Zacks Investment Research
In the past six months, the Zacks Rank #3 (Hold) stock has lost 11.4% compared with the industry’s decline of 12.9%.
Stocks to Consider
Some better-ranked companies from the Zacks Industrial Products sector are discussed below.
Nordson Corporation NDSN presently has a Zacks Rank of 2 (Buy). Its earnings surprise in the last four quarters was 9.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, NDSN’s earnings estimates have increased 1.1% for fiscal 2022 (ending October 2022). Nordson’s shares have declined 11.2% in the past six months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have lost 14.1% in the past six months.
Ferguson plc FERG is presently Zacks #2 Ranked. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 8.9% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Ingersoll Rand Inc. (IR): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | f99679ab-b4ef-446d-bd94-353841fdf8ac |
709693.0 | 2022-04-19 00:00:00 UTC | Here's Why it is Worth Investing in Howmet (HWM) Stock Now | DCI | https://www.nasdaq.com/articles/heres-why-it-is-worth-investing-in-howmet-hwm-stock-now | nan | nan | Howmet Aerospace Inc. HWM currently boasts robust prospects on strength across its businesses, solid product portfolio, healthy liquidity position and a sound capital-deployment strategy.
Image Source: Zacks Investment Research
The Zacks Rank #2 (Buy) company has a market capitalization of $14.8 billion. In the past six months, it has gained 14.6% compared with the industry’s growth of 4.6%.
Let’s delve into the factors that make investment in the company a smart choice at the moment.
Strength in End Markets: Howmet’s presence across diversified end markets, including aerospace, commercial transportation, industrial gas turbine, general industrial and oil & gas, helps it offset weakness in one or multiple markets with strength in others. In fourth-quarter 2021, the company’s revenues from commercial transportation and commercial aerospace increased 20% and 13% year over year, respectively. For 2022, it anticipates revenues of $5.56-$5.72 billion, suggesting 12.8% growth year over year. For the first quarter of 2022, revenues are expected to be $1.28-$1.32 billion.
Healthy Liquidity Position: The company’s strong liquidity position adds to its strength. Exiting 2021, it had an available cash balance of $720 million and an undrawn revolving credit facility of $1 billion. Also, in 2021, its adjusted free cash flow was $517 million. For 2022, HWM anticipates an adjusted free cash flow of $575-$675 million.
Rewards to Shareholders: Howmet remains committed to rewarding shareholders through dividend payouts and share buybacks. In 2021, the company paid dividends worth $19 million and repurchased shares worth $430 million. Also, it executed the repurchase of 3 million shares for $100 million in January 2022.
Initiatives: The company is poised to gain from its solid product offerings, pricing actions and efforts to innovate products and reduce operating costs. For 2022, it anticipates earnings (excluding special items) of $1.31-$1.43, higher than $1.01 recorded in 2021. Also, first-quarter earnings are expected to be 28-30 cents per share.
Other Stocks to Consider
Some other top-ranked companies are discussed below.
Nordson Corporation NDSN presently has a Zacks Rank of 2. Its earnings surprise in the last four quarters was 9.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, NDSN’s earnings estimates have increased 1.1% for fiscal 2022 (ending October 2022). Nordson’s shares have declined 11.9% in the past six months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have lost 16.3 % in the past six months.
Ferguson plc FERG is presently Zacks #2 Ranked. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 18.5% in the past six months.
Just Released: Zacks' 7 Best Stocks for Today
Experts extracted 7 stocks from the list of 220 Zacks Rank #1 Strong Buys that has beaten the market more than 2X over with a stunning average gain of +25.4% per year.
These 7 were selected because of their superior potential for immediate breakout.
See these time-sensitive tickers now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Howmet Aerospace Inc. (HWM): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | ff71354e-f08b-4e94-9465-498ea19215ea |
709694.0 | 2022-04-18 00:00:00 UTC | Altra Industrial (AIMC) Disposes of Vehicle Systems Business | DCI | https://www.nasdaq.com/articles/altra-industrial-aimc-disposes-of-vehicle-systems-business | nan | nan | Altra Industrial Motion Corp. AIMC recently announced that it completed the divestment of its Jacobs Vehicle Systems (JVS) business segment to Cummins Inc. The all-cash transaction is valued at $325 million.
The divestment deal was signed by Altra Industrial in February, 2022. Shares of AIMC decreased 0.1% on the last trading day, ending the session at $35.63.
Based in Columbus, IN, Cummins is engaged in manufacturing, designing, selling and servicing a wide range of power solutions. Some of the products and solutions offered by the company include electric and hybrid integrated power solutions, internal combustion and components like filtration, turbochargers, fuel systems, controls systems and air-handling systems among others.
Inside the Headlines
Altra Industrial’s Jacobs Vehicle Systems (JVS), which employs 600 personnel, is engaged in providing cylinder deactivation, engine braking and thermal management technologies. Its products are used in trucking industries. In 2021, JVS’ revenue contribution in Altra Industrial was $193 million.
The divestiture is in sync with AIMC’s strategy of restructuring its business portfolio. This transaction will enable Altra Industrial to better focus on its highly engineered products in the power transmission and motion control markets.
The sale amount will likely aid AIMC in general corporate purposes and paying off its debt.
Zacks Rank, Price Performance and Earnings Estimate Trend
AIMC with a $ 2.3-billion market capitalization currently carries a Zacks Rank #4 (sell). Altra Industrial stands to benefit from diversified businesses, focus on lowering debts, a healthy liquidity position and its shareholder-friendly policies.
Image Source: Zacks Investment Research
Shares of Altra Industrial have lost 36.5% compared with the 11.7% decline of its industry in the past six months.
The Zacks Consensus Estimate for first-quarter 2022 earnings has decreased 10.7% to 75 cents in the past 60 days. Earnings estimates for 2022 have moved 4% south to $3.63 during the same period.
Stocks to Consider
Some better-ranked stocks from the Zacks Industrial Products sector are discussed below.
Nordson Corporation NDSN presently has a Zacks Rank #2 (Buy). Its earnings surprise in the last four quarters was 9.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, NDSN’s earnings estimates have increased 1.1% for fiscal 2022 (ending October 2022). The stock has declined 13.3% in the past six months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 15.2% in the past six months.
Ferguson plc FERG is presently Zacks #2 Ranked. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 9.7% in the past six months.
Just Released: Zacks Top 10 Stocks for 2022
In addition to the investment ideas discussed above, would you like to know about our 10 top buy-and-hold tickers for the entirety of 2022?
Last year's 2021 Zacks Top 10 Stocks portfolio returned gains as high as +147.7%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys
Access Zacks Top 10 Stocks for 2022 today >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Altra Industrial Motion Corp. (AIMC): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank of 2. DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. DCI’s earnings estimates have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | 06b30671-7c47-48de-a563-86c07c3c2d72 |
709695.0 | 2022-04-14 00:00:00 UTC | Graco (GGG) Unveils FieldLazer ES100 for Field-Marking Tasks | DCI | https://www.nasdaq.com/articles/graco-ggg-unveils-fieldlazer-es100-for-field-marking-tasks | nan | nan | Graco Inc. GGG recently unveiled the FieldLazer ES100 field marker. GGG’s airless field marker is the latest addition to its FieldLazer product family. Considered a user-friendly product, the ES100 field marker is suitable for both outdoor and indoor turf applications.
Graco’s shares gained 0.6% yesterday, ending the trading session at $67.1.
Inside The Headlines
Graco’s battery powered field marking solution, which comes up with a brushless DC motor, is capable of operating without engine fumes and noise. Some of its advanced features include InstaClean pump filter technologies, ProXChange pump replacement system and ProX Power-Piston pump, which enhance the durability and efficiency of the product.
The FieldLazer ES100 field marker utilizes the advanced airless spray technology, which helps reducing paint usage, increasing the application speed and delivering brighter lines for outdoor and indoor turf applications.
Graco has been successfully launching other innovative fluid handling products for a while, which now became key catalysts for growth. Some of the notable products introduced by GGG over the past few quarters are Reactor 3 proportioner system, SaniSpray HP 20 electrostatic sprayer, Intelligent Paint Kitchen, TapeLazer HP Automatic system, Voltex Dynamic Mix Valve, and PerformAA air-assist and airless spray guns.
Zacks Rank, Price Performance and Earnings Estimate Trend
Graco with a $11.4-billion market capitalization currently carries a Zacks Rank #3 (Hold). GGG stands to benefit from healthy demand, recovery in the end markets, synergies from its buyouts and an impressive liquidity position in the quarters ahead.
Image Source: Zacks Investment Research
Shares of GGG have lost 6.4% compared with the 10.3% decline of its industry in the past six months.
The Zacks Consensus Estimate for first-quarter 2022 earnings has decreased 1.6% to 63 cents in the past 60 days. Earnings estimates for 2022 have moved 0.4% north to $2.75 during the same period.
Stocks to Consider
Some better-ranked companies from the Zacks Industrial Products sector are discussed below.
Nordson Corporation NDSN presently has a Zacks Rank of 2. Its earnings surprise in the last four quarters was 9.9%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, NDSN’s earnings estimates have increased 1.1% for fiscal 2022 (ending October 2022). Nordson’s shares have declined 10.5% in the past six months.
Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 13.5% in the past month.
Ferguson plc FERG is presently Zacks #2 Ranked. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have decreased 9.8% for fiscal 2022 (ending July 2022). The stock has declined 18.5% in the past six months.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Graco Inc. (GGG): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). Donaldson Company, Inc. (DCI): Free Stock Analysis Report DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently carries a Zacks Rank #2 (Buy). DCI delivered a trailing four-quarter earnings surprise of 4.2%, on average. | fb22e4f6-820b-4bd9-b780-b5cafaa6c3cc |
709696.0 | 2022-04-13 00:00:00 UTC | Why Roper (ROP) is an Attractive Bet for Investors Now | DCI | https://www.nasdaq.com/articles/why-roper-rop-is-an-attractive-bet-for-investors-now | nan | nan | Roper Technologies, Inc. ROP is well poised for growth, courtesy of strength across its businesses, growth investments, acquired assets and a niche market strategy.
Image Source: Zacks Investment Research
The currently Zacks Rank #2 (Buy) player has a market capitalization of $49.7 billion. In the past month, the stock has appreciated 8.2% against the industry’s decline of 2.1%.
Let’s delve into the factors that make investment in ROP a smart choice at the moment.
Business Strength: Roper is benefiting from strength across its Deltek, Aderant, CliniSys and Data Innovations businesses. Healthy businesses in Application Software, Network Software & Systems, Measurement & Analytical Solutions and Process Technologies led to revenue growth 13.2% from the year-ago quarter’s figure in the fourth quarter of 2021. Roper’s profitability and margin performance will likely be driven by the unique niche market strategy and a strong operational execution. Its continued focus on investing in long-term and sustainable organic growth, along with product innovations, is expected to be beneficial. For 2022, Roper’s overall organic sales are expected to increase 6-8% year over year.
Acquisition Benefits: Roper intends to strengthen and expand its businesses through buyouts. ROP invested $217 million in acquisitions during 2021. Its acquisition of American LegalNet (January 2022) will likely help its Aderant business offer comprehensive software solutions to its customers in the legal industry. The company also made several buyouts, including Team TSI Corporation, Freight Market Intelligence Consortium, WELIS, Impact Financial Systems, Vertafore and EPSi in the year 2020.
Rewards to Shareholders: Roper remains committed to rewarding its shareholders through dividend payouts. For instance, in 2021, ROP distributed $236.4 million of dividends, up from $214.1 million disbursed in 2020. Also, in November 2021, ROP hiked its quarterly dividend rate by 10%.
Estimate Revisions: In the past 60 days, the Zacks Consensus Estimate for 2022 earnings has moved up from $15.40 to $15.44. Further, the consensus estimate for its 2023 earnings has increased from $ 16.41 to $16.45.
Other Stocks to Consider
Some other top-ranked companies from the Zacks Industrial Products sector are discussed below.
Nordson Corporation NDSN presently has a Zacks Rank of 2. Its earnings surprise in the last four quarters was 9.85%, on average. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
In the past 60 days, NDSN’s earnings estimates have increased 1.1% for fiscal 2022 (ending October 2022). Nordson’s shares have gained 1.5% in the past month.
Donaldson Company, Inc. DCI presently flaunts a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.16%, on average.
Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. Its shares have decreased 0.4% in the past month.
Ferguson plc FERG is presently Zacks #2 Ranked. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for FERG have increased 7% for fiscal 2022 (ending July 2022). The stock has declined 18.5% in the past month.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Roper Technologies, Inc. (ROP): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Nordson Corporation (NDSN): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI presently flaunts a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.16%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Company, Inc. DCI presently flaunts a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.16%, on average. | Donaldson Company, Inc. DCI presently flaunts a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.16%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | Donaldson Company, Inc. DCI presently flaunts a Zacks Rank #2. DCI delivered a trailing four-quarter earnings surprise of 4.16%, on average. Earnings estimates for DCI have increased 0.7% for fiscal 2022 (ending July 2022) in the past 60 days. | 82646bf4-89ef-4b50-8ef3-c045b99d1a51 |
709697.0 | 2022-04-06 00:00:00 UTC | Here's Why It Is Worth Investing in Donaldson (DCI) Right Now | DCI | https://www.nasdaq.com/articles/heres-why-it-is-worth-investing-in-donaldson-dci-right-now | nan | nan | Donaldson Company, Inc. DCI currently boasts robust prospects on strength in its businesses, solid product portfolio, acquisitions and growth investments.
Image Source: Zacks Investment Research
This Zacks Rank #2 (Buy) company has a market capitalization of $6.3 billion. In the past month, the stock has gained 4.4% compared with the industry’s growth of 4.2%.
Let’s delve into the factors that make investment in the company a smart decision at the moment.
Business Strength: Donaldson has been benefiting from its diversified business operations, with exposure in various geographies and end markets like construction, mining, aerospace, defense, and food & beverage. In the quarters ahead, the company is expected to benefit from its strong product portfolio, solid demand, focus on innovation and growth investments. Driven by solid segmental demand, its sales improved 18.2% year over year in second-quarter fiscal 2022 (ended January 2022), resulting in earnings growth of 9.6% from the year-ago quarter. The company’s Engine Products segment recorded a 19.8% increase in sales. Industrial Products’ sales expanded 14.6% year over year. Net sales are likely to increase 11-15% year over year in fiscal 2022 (ending July 2022), higher than 8-12% anticipated earlier.
Acquisition Benefits: The company intends to strengthen and expand its businesses through acquisitions. Its buyout of Solaris Biotechnology (in November 2021) has been strengthening its presence across several end markets, including food and beverage, biopharma and other major life sciences. The company also acquired Pearson Arnold Industrial Services in the same month.
Rewards to Shareholders: It remains committed to rewarding shareholders through dividend payouts and share buyback programs. For instance, in the first six months of fiscal 2022, Donaldson paid out dividends worth $54.6 million and repurchased shares worth $115.6 million. Further, it hiked its quarterly dividend rate by 4.8% in May 2021. The company expects free cash flow conversion of 70-80% and plans to buy back 2% of its outstanding shares for fiscal 2022.
Estimate Revisions: In the past 60 days, the Zacks Consensus Estimate for its fiscal 2022 (ending July 2022) earnings has moved up from $2.68 to $2.70 on three upward estimate revisions against none downward. Further, the consensus estimate for its fiscal 2023 (ending July 2023) earnings has increased from $2.97 to $3.03 on four upward estimate revisions versus none downward.
Other Stocks to Consider
Some other top-ranked companies from the Zacks Industrial Products sector are discussed below.
Alcoa Corporation AA presently sports a Zacks Rank #1 (Strong Buy). Its earnings surprise in the last four quarters was 27.1%, on average.
You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 60 days, Alcoa’s earnings estimates have increased 86.5% for 2022. AA’s shares have gained 2.7% in the past month.
Ferguson plc FERG presently carries a Zacks Rank #2. Its earnings surprise in the last four quarters was 14.2%, on average.
In the past 60 days, earnings estimates for Ferguson have increased 7% for fiscal 2022 (ending July 2022). Ferguson’s shares have declined 5.5% in the past month.
AGCO Corporation AGCO presently carries a Zacks Rank #2. The company delivered a four-quarter earnings surprise of 56.7%, on average.
The earnings estimates for AGCO have increased 10.7% for 2022 in the past 60 days. Its shares have increased 18.9% in the past month.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Alcoa (AA): Free Stock Analysis Report
AGCO Corporation (AGCO): Free Stock Analysis Report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
Wolseley PLC (FERG): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | Donaldson Company, Inc. DCI currently boasts robust prospects on strength in its businesses, solid product portfolio, acquisitions and growth investments. Donaldson Company, Inc. (DCI): Free Stock Analysis Report In the quarters ahead, the company is expected to benefit from its strong product portfolio, solid demand, focus on innovation and growth investments. | Donaldson Company, Inc. DCI currently boasts robust prospects on strength in its businesses, solid product portfolio, acquisitions and growth investments. Donaldson Company, Inc. (DCI): Free Stock Analysis Report For instance, in the first six months of fiscal 2022, Donaldson paid out dividends worth $54.6 million and repurchased shares worth $115.6 million. | Donaldson Company, Inc. DCI currently boasts robust prospects on strength in its businesses, solid product portfolio, acquisitions and growth investments. Donaldson Company, Inc. (DCI): Free Stock Analysis Report Image Source: Zacks Investment Research This Zacks Rank #2 (Buy) company has a market capitalization of $6.3 billion. | Donaldson Company, Inc. DCI currently boasts robust prospects on strength in its businesses, solid product portfolio, acquisitions and growth investments. Donaldson Company, Inc. (DCI): Free Stock Analysis Report In the past 60 days, Alcoa’s earnings estimates have increased 86.5% for 2022. | 4614eb67-f02a-4bdd-b617-68e312b3c991 |
709698.0 | 2022-04-01 00:00:00 UTC | Why Is Donaldson (DCI) Down 1.8% Since Last Earnings Report? | DCI | https://www.nasdaq.com/articles/why-is-donaldson-dci-down-1.8-since-last-earnings-report | nan | nan | It has been about a month since the last earnings report for Donaldson (DCI). Shares have lost about 1.8% in that time frame, underperforming the S&P 500.
Will the recent negative trend continue leading up to its next earnings release, or is Donaldson due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts.
Donaldson Q2 Earnings Lags Estimates, Revenues Beat
Donaldson’s second-quarter fiscal 2022 (ended Jan 31, 2021) earnings missed the Zacks Consensus Estimate by 8.1%, while sales surpassed the same by 3.6%.
The company’s earnings in the reported quarter were 57 cents per share, lagging the Zacks Consensus Estimate of 62 cents. The bottom line improved 9.6% from the year-ago quarter’s 52 cents. Sales growth in the reported quarter more than offset the headwinds stemming from supply-chain constraints and higher cost of raw material.
Revenue Results
In the fiscal second quarter, Donaldson’s net sales were $802.5 million, reflecting year-over-year growth of 18.2%. The top line surpassed the Zacks Consensus Estimate of $774 million.
Region-wise, the company’s net sales in the United States/Canada increased 22.6% year over year. The top line expanded 20.2% in Europe, the Middle East and Africa, 5.5% in the Asia Pacific and 26.9% in Latin America.
The company reports revenues under the following segments — Engine Products and Industrial Products. A brief snapshot of the segmental sales is provided below:
Engine Products’ (accounting for 69% of net sales in second-quarter fiscal 2022) sales were $554.1 million, reflecting year-over-year growth of 19.8%.
The results were positively impacted by growth of 22.6% in Off-Road, 29.6% in Aerospace and Defense and 20.6% in Aftermarket sales. However, sales declined 0.7% in On-Road.
Revenues generated from Industrial Products (accounting for 31% of net sales in second-quarter fiscal 2022) were $248.4 million, increasing 14.6% from the year-ago quarter.
Results benefited from sales growth of 14.1% in Industrial Filtration Solutions, 9.8% in Special Applications and 26.3% in Gas Turbine Systems.
Margin Profile
In the quarter, Donaldson’s cost of sales increased 21.8% year over year to $552.7 million. Gross profit jumped 10.9% to $249.8 million, while gross margin declined 210 basis points (bps) to 31.1%. The margin results were negatively impacted by higher raw material costs, labor and freight, partially offset by volume growth and favorable pricing.
Operating expenses increased 3.2% year over year to $154.1 million. Operating profit in the quarter under review soared 25.8% to $95.7 million. Operating margin was 11.9%, up 70 bps year over year.
Effective tax rate in the quarter was 24.1% compared with 23.9% in the year-ago quarter.
Balance Sheet & Cash Flow
Exiting second-quarter fiscal 2022, Donaldson’s cash and cash equivalents were $170.4 million, down 15.1% from $200.8 million recorded in the last reported quarter. Long-term debt was up 1.1% sequentially to $553.9 million.
In the first six months of fiscal 2022, the company repaid the long-term debt of $75 million.
In the reported quarter, it generated net cash of $36.9 million from operating activities, reflecting a decrease of 49.6% from the year-ago figure. Capital expenditure (net) totaled $15.2 million compared with $11.6 million in the year-ago quarter. Free cash flow decreased 64.9% to $21.7 million.
In the first six months of fiscal 2022, the company used $115.6 million for repurchasing shares and $54.6 million for paying out dividends.
Outlook
For fiscal 2022 (ending July 2022), Donaldson anticipates benefiting from solid demand for its products. However, supply-chain challenges weigh on the company.
It expects earnings per share of $2.66-$2.76 compared with $2.57-$2.73 predicted earlier. Sales are anticipated to increase 11-15% year over year compared with 8-12% guided previously. Movements in foreign currencies are expected to have a negative impact of 2% on sales.
On a segmental basis, Engine Products sales are anticipated to increase 12-16% year over year. The segment’s performance is likely to benefit from growth in Off-Road and Aftermarket sales. Also, growth in Aerospace and Defense sales is anticipated. However, supply chain issues might hurt On-Road sales.
Sales growth for Industrial Products is anticipated to be 9-13% year over year. The segment is likely to gain from solid momentum in Industrial Filtration Solutions, Gas Turbine Systems and Special Applications.
Operating margin is expected to be 14-14.4% for fiscal 2022. Interest expenses are predicted to be $14 million. Other income is likely to be $7-$11 million. Effective tax rate is anticipated to be 24-26%.
Capital expenditure for the fiscal year is expected to be $90-$110 million. Free cash flow conversion is anticipated to be 70-80%. Share buybacks will account for 2% of outstanding shares.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended upward during the past month.
VGM Scores
At this time, Donaldson has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending upward for the stock, and the magnitude of these revisions looks promising. It comes with little surprise Donaldson has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How to Profit from Trillions on Spending for Infrastructure >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Donaldson Company, Inc. (DCI): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | It has been about a month since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important catalysts. | It has been about a month since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Donaldson Q2 Earnings Lags Estimates, Revenues Beat Donaldson’s second-quarter fiscal 2022 (ended Jan 31, 2021) earnings missed the Zacks Consensus Estimate by 8.1%, while sales surpassed the same by 3.6%. | It has been about a month since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Engine Products’ (accounting for 69% of net sales in second-quarter fiscal 2022) sales were $554.1 million, reflecting year-over-year growth of 19.8%. | It has been about a month since the last earnings report for Donaldson (DCI). Donaldson Company, Inc. (DCI): Free Stock Analysis Report Revenue Results In the fiscal second quarter, Donaldson’s net sales were $802.5 million, reflecting year-over-year growth of 18.2%. | 652e1498-6b6b-4b28-a7c6-4dbebbe0b7d7 |
709699.0 | 2022-03-15 00:00:00 UTC | 5 Dividend Aristocrats Where Analysts See Capital Gains | DCI | https://www.nasdaq.com/articles/5-dividend-aristocrats-where-analysts-see-capital-gains-13 | nan | nan | To become a "Dividend Aristocrat," a dividend paying company must accomplish an incredible feat: consistently increase shareholder dividends every year for at least 20 consecutive years. Companies with this kind of track record tend to attract a lot of investor attention — and furthermore, "tracking" funds that follow the Dividend Aristocrats Index must own them. With all of this demand for shares, dividend growth stocks can sometimes become "fully priced," where there isn't much upside to analyst targets.
But we here at ETF Channel have looked through the underlying holdings of the SPDR S&P Dividend ETF (which tracks the S&P High Yield Dividend Aristocrats Index), and found these five dividend growth stocks that actually still have fairly substantial upside to the average analyst target price 12 months out. Which means, if the analysts are correct, these are five dividend growth stocks that could produce capital gains in addition to their growing dividend payments.
In the first table below, we present the five stocks. The recent share price, average analyst 12-month target price, and percentage upside to reach the analyst target are presented.
STOCK RECENT PRICE AVG. ANALYST 12-MO. TARGET % UPSIDE TO TARGET
S&P Global Inc (Symbol: SPGI) $377.00 $477.44 26.64%
Leggett & Platt, Inc. (Symbol: LEG) $35.81 $44.67 24.73%
Donaldson Co. Inc. (Symbol: DCI) $51.00 $62.33 22.22%
Lowe's Companies Inc (Symbol: LOW) $226.51 $274.58 21.22%
Roper Technologies Inc (Symbol: ROP) $435.10 $520.55 19.64%
The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. To ballpark that total return potential, we have added the current yield to the analyst target price upside, in order to arrive at the 12-month total return potential:
STOCK DIVIDEND YIELD % UPSIDE TO ANALYST TARGET IMPLIED TOTAL RETURN POTENTIAL
S&P Global Inc (Symbol: SPGI) 0.90% 26.64% 27.54%
Leggett & Platt, Inc. (Symbol: LEG) 4.69% 24.73% 29.42%
Donaldson Co. Inc. (Symbol: DCI) 1.73% 22.22% 23.95%
Lowe's Companies Inc (Symbol: LOW) 1.41% 21.22% 22.63%
Roper Technologies Inc (Symbol: ROP) 0.57% 19.64% 20.21%
Another consideration with dividend growth stocks is just how much the dividend is growing. We looked up the trailing twelve months worth of dividends shareholders of each of the above five companies have collected, and then also looked up the same number for the prior trailing twelve months. This gives us a rough yardstick to see how much the dividend has grown, from one trailing twelve month period to another.
STOCK PRIOR TTM DIVIDEND TTM DIVIDEND % GROWTH
S&P Global Inc (Symbol: SPGI) $2.78 $3.08 10.79%
Leggett & Platt, Inc. (Symbol: LEG) $1.6 $1.68 5.00%
Donaldson Co. Inc. (Symbol: DCI) $0.84 $0.88 4.76%
Lowe's Companies Inc (Symbol: LOW) $2.3 $3 30.43%
Roper Technologies Inc (Symbol: ROP) $2.102 $2.309 9.85%
These five stocks are part of our full Dividend Aristocrats List. The average analyst target price data upon which this article was based, is courtesy of data provided by Zacks Investment Research via Quandl.com.
Get the latest Zacks research report on LOW — FREE
Get the latest Zacks research report on ROP — FREE
Dividend Growth Stocks: 25 Aristocrats »
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc. | S&P Global Inc (Symbol: SPGI) $377.00 $477.44 26.64% Leggett & Platt, Inc. (Symbol: LEG) $35.81 $44.67 24.73% Donaldson Co. Inc. (Symbol: DCI) $51.00 $62.33 22.22% Lowe's Companies Inc (Symbol: LOW) $226.51 $274.58 21.22% Roper Technologies Inc (Symbol: ROP) $435.10 $520.55 19.64% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. S&P Global Inc (Symbol: SPGI) 0.90% 26.64% 27.54% Leggett & Platt, Inc. (Symbol: LEG) 4.69% 24.73% 29.42% Donaldson Co. Inc. (Symbol: DCI) 1.73% 22.22% 23.95% Lowe's Companies Inc (Symbol: LOW) 1.41% 21.22% 22.63% Roper Technologies Inc (Symbol: ROP) 0.57% 19.64% 20.21% Another consideration with dividend growth stocks is just how much the dividend is growing. S&P Global Inc (Symbol: SPGI) $2.78 $3.08 10.79% Leggett & Platt, Inc. (Symbol: LEG) $1.6 $1.68 5.00% Donaldson Co. Inc. (Symbol: DCI) $0.84 $0.88 4.76% Lowe's Companies Inc (Symbol: LOW) $2.3 $3 30.43% Roper Technologies Inc (Symbol: ROP) $2.102 $2.309 9.85% These five stocks are part of our full Dividend Aristocrats List. | S&P Global Inc (Symbol: SPGI) $377.00 $477.44 26.64% Leggett & Platt, Inc. (Symbol: LEG) $35.81 $44.67 24.73% Donaldson Co. Inc. (Symbol: DCI) $51.00 $62.33 22.22% Lowe's Companies Inc (Symbol: LOW) $226.51 $274.58 21.22% Roper Technologies Inc (Symbol: ROP) $435.10 $520.55 19.64% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. S&P Global Inc (Symbol: SPGI) 0.90% 26.64% 27.54% Leggett & Platt, Inc. (Symbol: LEG) 4.69% 24.73% 29.42% Donaldson Co. Inc. (Symbol: DCI) 1.73% 22.22% 23.95% Lowe's Companies Inc (Symbol: LOW) 1.41% 21.22% 22.63% Roper Technologies Inc (Symbol: ROP) 0.57% 19.64% 20.21% Another consideration with dividend growth stocks is just how much the dividend is growing. S&P Global Inc (Symbol: SPGI) $2.78 $3.08 10.79% Leggett & Platt, Inc. (Symbol: LEG) $1.6 $1.68 5.00% Donaldson Co. Inc. (Symbol: DCI) $0.84 $0.88 4.76% Lowe's Companies Inc (Symbol: LOW) $2.3 $3 30.43% Roper Technologies Inc (Symbol: ROP) $2.102 $2.309 9.85% These five stocks are part of our full Dividend Aristocrats List. | S&P Global Inc (Symbol: SPGI) $377.00 $477.44 26.64% Leggett & Platt, Inc. (Symbol: LEG) $35.81 $44.67 24.73% Donaldson Co. Inc. (Symbol: DCI) $51.00 $62.33 22.22% Lowe's Companies Inc (Symbol: LOW) $226.51 $274.58 21.22% Roper Technologies Inc (Symbol: ROP) $435.10 $520.55 19.64% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. S&P Global Inc (Symbol: SPGI) 0.90% 26.64% 27.54% Leggett & Platt, Inc. (Symbol: LEG) 4.69% 24.73% 29.42% Donaldson Co. Inc. (Symbol: DCI) 1.73% 22.22% 23.95% Lowe's Companies Inc (Symbol: LOW) 1.41% 21.22% 22.63% Roper Technologies Inc (Symbol: ROP) 0.57% 19.64% 20.21% Another consideration with dividend growth stocks is just how much the dividend is growing. S&P Global Inc (Symbol: SPGI) $2.78 $3.08 10.79% Leggett & Platt, Inc. (Symbol: LEG) $1.6 $1.68 5.00% Donaldson Co. Inc. (Symbol: DCI) $0.84 $0.88 4.76% Lowe's Companies Inc (Symbol: LOW) $2.3 $3 30.43% Roper Technologies Inc (Symbol: ROP) $2.102 $2.309 9.85% These five stocks are part of our full Dividend Aristocrats List. | S&P Global Inc (Symbol: SPGI) $377.00 $477.44 26.64% Leggett & Platt, Inc. (Symbol: LEG) $35.81 $44.67 24.73% Donaldson Co. Inc. (Symbol: DCI) $51.00 $62.33 22.22% Lowe's Companies Inc (Symbol: LOW) $226.51 $274.58 21.22% Roper Technologies Inc (Symbol: ROP) $435.10 $520.55 19.64% The average 12-month analyst targets are only targets for the share price however, and each of these stocks are expected to pay dividends during that holding period — so the expected total return if these stocks reach their analyst targets is actually the share price upside seen by the analysts plus the dividend yield shareholders can expect. S&P Global Inc (Symbol: SPGI) 0.90% 26.64% 27.54% Leggett & Platt, Inc. (Symbol: LEG) 4.69% 24.73% 29.42% Donaldson Co. Inc. (Symbol: DCI) 1.73% 22.22% 23.95% Lowe's Companies Inc (Symbol: LOW) 1.41% 21.22% 22.63% Roper Technologies Inc (Symbol: ROP) 0.57% 19.64% 20.21% Another consideration with dividend growth stocks is just how much the dividend is growing. S&P Global Inc (Symbol: SPGI) $2.78 $3.08 10.79% Leggett & Platt, Inc. (Symbol: LEG) $1.6 $1.68 5.00% Donaldson Co. Inc. (Symbol: DCI) $0.84 $0.88 4.76% Lowe's Companies Inc (Symbol: LOW) $2.3 $3 30.43% Roper Technologies Inc (Symbol: ROP) $2.102 $2.309 9.85% These five stocks are part of our full Dividend Aristocrats List. | 4936ec72-a70e-4b83-9e12-d30af9de6e03 |
Subsets and Splits
No community queries yet
The top public SQL queries from the community will appear here once available.