Donaldson Co Inc

DCI: XNYS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$73.00	Crrdy	Dfqmkhf

Donaldson Reiterates Full-Year Guidance After Solid Fiscal First Quarter; Maintaining FVE

Krzysztof Smalec

Nov 30, 2022

Narrow-moat Donaldson posted solid fiscal 2023 first-quarter results, featuring a 22.9% year-over-year increase in adjusted EPS, from $0.61 to $0.75. We’ve maintained our $59 fair value estimate as nothing in the earnings results alters our long-term thesis. We view the name as fairly valued at current levels.

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